ValueXpress has processed roughly 20 Paycheck Protection Program (PPP) loans for its clients. The loans are forgiven if the proceeds are used for eligible expenses for the 8-week period after closing of the loan. The recipient of a PPP loan will have the following portion of the loan forgiven: … [Read more...] about 5.1.20: RECORDKEEPING FOR PAYCHECK PROTECTION PROGRAM (PPP) FORGIVENESS
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