GOOD NEW FOR BUSINESS OWNERS: PPP PART 2

GOOD NEWS PPP PART 2

Existing PPP borrowers may apply for a second loan, provided they have 300 or fewer employees and can demonstrate they experienced a 25% reduction in gross receipts during a quarter in 2020 compared with the same quarter in 2019. First-time PPP borrowers will be subject to the program’s original eligibility rules.

https://www.wsj.com/articles/ppp-borrowers-stand-to-gain-tax-deductions-11608373801?mod=article_inline