What you need to know to avoid the pitfalls of PPP loan cancellation (2)
This is the first part of a current series on how to navigate various pandemic assistance programs. In this segment, we cover loan cancellation for Paycheck Protection Program beneficiaries, including the most recent news and practitioner information on issues to consider. We also include the 3508 and 3508EZ forms.
The next installments will cover the retirement changes to the CARES Act, how banks and businesses can minimize the risk of PPP litigation and avoid litigation over employee leave.
The Paycheck Protection Program is the broad government guaranteed loan program established in the CARES Act (Public law 116-136) to help small businesses pay workers and cover others …