Jo Ann Koontz, Marina Parkin and Jacqueline Durham discuss the recent changes to the Cares Act in regards to the extended cover period, payment deferral, forgiveness application and more.
2:26 Extended cover period of the PPP loan.
6:14 5-year minimum maturity.
8:47 Payment deferral extension.
12:11 Reductions of wages or full-time equivalent employees.
15:09 New safe harbor - retaining employees and importance of documentation.
28:00 Forgiveness update - allocation of funds for payroll changes.
31:41 Permitted uses of funds update.
33:08 Delay of payment of employer payroll taxes.
37:54 Forgiveness application updates.
40:10 Deductibility of expenses.