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PPP loan forgiveness update

Dec 15, 2020

The Paycheck Protection Program (PPP) has provided needed relief for small business and those they employee during the COVID-19 pandemic, but the forgiveness rules can be tricky. Learn about the latest updates and how they might impact you and your business or organization.

PPP topics include:

  • Proposed Emergency COVID-19 Relief Act — PPP Impact
  • Mechanics and deadlines
  • Key PPP spending rules
  • Tax implications
  • Change of ownership
  • Loan necessity — Form 3509
  • Coordination with employer Social Security deferral


Gregory G. Butler, CPA
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