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  2. Paycheck Protection Program - Wikipedia

    en.wikipedia.org/wiki/Paycheck_Protection_Program

    The Paycheck Protection Program Flexibility Act of 2020 amended the Paycheck Protection Program. [112] Loan forgiveness was expanded from eight weeks of eligible costs to the 24 weeks or December 31, 2020, whichever is earlier; alternatively, a business whose PPP loan was made before June 5 may opt to use the eight-week period instead. [ 88 ]

  3. Employee Retention Credit - Wikipedia

    en.wikipedia.org/wiki/Employee_Retention_Credit

    The Employee Retention Credit is equal to 50 percent of qualified wages paid to eligible employees between March 13, 2020, and December 31, 2020. [14] Eligible employee is defined differently depending on the size of the employer. If the employer averaged 100 or fewer full-time employees [h] during 2019, then all of its employees are eligible ...

  4. Loan forgiveness underway for SBA's Paycheck Protection Program

    www.aol.com/news/loan-forgiveness-underway-sbas...

    The Small Business Administration is in the process of forgiving potentially millions of loans under the Paycheck Protection Program that were approved to support small businesses during the ...

  5. Paycheck Protection Program and Health Care Enhancement Act

    en.wikipedia.org/wiki/Paycheck_Protection...

    Paycheck Protection Program and Health Care Enhancement Act (H.R. 266) is a $484 billion law that increases funding to the Paycheck Protection Program and also provides more funding for hospitals and testing for COVID-19. The bill passed the Senate by voice vote on April 21, 2020. [1][2][3] The bill passed the House of Representatives by a vote ...

  6. IRS provides new guidance on PPP forgiveness timing - AOL

    www.aol.com/news/irs-provides-guidance-ppp...

    The IRS recently issued three revenue procedures providing guidance with respect to the timing of tax-exempt income from PPP loan forgiveness.

  7. 3 VA employees from Belleville charged in scheme to steal ...

    www.aol.com/news/3-va-employees-belleville...

    The relief money was part of the Paycheck Protection Program, or PPP, operated by the U.S. Small Business Administration to “offer relief and forgivable loans to struggling businesses.” Under ...

  8. CARES Act - Wikipedia

    en.wikipedia.org/wiki/CARES_Act

    The Coronavirus Aid, Relief, and Economic Security Act, [b][1] also known as the CARES Act, [2] is a $2.2 trillion economic stimulus bill passed by the 116th U.S. Congress and signed into law by President Donald Trump on March 27, 2020, in response to the economic fallout of the COVID-19 pandemic in the United States. [3][4] The spending ...

  9. Second Stimulus Bill: Paycheck Protection Plan Loans - AOL

    www.aol.com/second-stimulus-bill-paycheck...

    This program began with the first coronavirus stimulus package, passed in March 2020. This round of the PPP provides funding for up to $284 billion in loans. Second Stimulus Bill: Paycheck ...

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    related to: paycheck protection program forgiveness