On June 5, Congress passed an amendment called the Paycheck Protection Program Flexibility Act of 2020 (PPPFA), which made several changes to the Paycheck Protection Program (PPP). These changes were…
Tag:
cares act
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Church ManagementNonprofit AccountingNonprofit Management
Track Your Paycheck Protection Loan And Covered Expenses In Your Accounting
Over the past two weeks, 1.6 million businesses, nonprofits, and churches have applied for the Paycheck Protection Program. If this is your organization, it is important to ensure you track…
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Church ManagementNonprofitNonprofit Management
How To Apply For A Paycheck Protection Program Loan
by Clay Harmonby Clay HarmonThe SBA issued guidance to local banks last week that helps them understand the process and lending requirements that they will follow to issue the $349 billion in forgivable paycheck…
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Church ManagementNonprofitNonprofit Management
How Nonprofits And Churches Can Use The Paycheck Protection Program
by Clay Harmonby Clay HarmonUpdate (4/8/20): New Post – How nonprofits and churches can apply for the Paycheck Protection Program Updates (4/7/20): The SBA has answered more questions to clarify guidelines for the Program.…
