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[Watch] Navigating the Paycheck Protection Program (PPP)

 

Note: This was recorded prior to the passage of the PPP Flexibility Act on June 5, 2020, which modified certain provisions related to the forgiveness of loans under the Paycheck Protection Program. To learn more, visit our Paycheck Protection Program resource.

Right now, many businesses are facing financial hardships as a result of the COVID-19 pandemic and are having to make tough decisions about whether to keep employees, or to layoff or furlough them. Fortunately, the Paycheck Protection Program (PPP)—part of the new CARES Act—has been designed to help eligible businesses keep employees on payroll during this time by providing quick access to SBA loans. In this recording of our April 10 live webinar Thad Inge, Sr. Manager of Government Relations; Mike Trabold, Director of Compliance; and Connor Mykins, Compliance Analyst, discuss the Paycheck Protection Program in detail, including eligibility requirements, how to apply, loan forgiveness criteria, and more.

This website contains articles posted for informational and educational value. Paychex is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, Paychex. The information in these materials should not be considered legal or accounting advice, and it should not substitute for legal, accounting, and other professional advice where the facts and circumstances warrant.

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