Cumulus Bookkeeping Solutions

UPDATES! PPP Flexibility Act - What you need to know

Important updates to the Paycheck Protection Program forgiveness rules were passed on June 5 in the PPP Flexibility Act of 2020. The new rules extend the time period with which to use funds on allowable expenses from 8 to 24 weeks and alter the 75/25 (payroll/rent & utilities) ratio to 60/40, among other exemptions that make full forgiveness attainable for many more businesses.

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PPP 2.0 - What we learned from the first round and how you can get in on round two!

The Paycheck Protection Program (PPP) was officially rolled out on April 3, 2020. As I am writing this, it is in its second round of funding. In this article, I hope to summarize the program, explain how different business entities can apply, and give some of my personal take-aways.

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