Yesterday (May 5, 2020), Ed Zollars published an article on the Current Federal Tax Development blog that there are just two days before the May 7 due date to return PPP loan funds to gain the presumption that the borrower had made a good faith representation that the loan was necessary. The SBA has granted a one-week extension on that deadline in an update to the Payroll Protection Program loan FAQ. Read this article here.
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Earlier today the House of Representatives passed H.R.7010 - Paycheck Protection Program Flexibility Act of 2020 that would favor many small business owners. This bill is now sitting on the Senate to vote on and move forward.
In the last article, I address the three pillars of change management. Please read that here. Once you have a good, fundamental...