714.505.9000 cpas@hmwccpa.com

June 10, 2020

Art Wiederman, CPA

HMWC CPAs & Business Advisors 

On Friday, June 5, President Trump signed the Paycheck Protection Flexibility Act into law. This new legislation changes many of the rules that allow Paycheck Protection Program loan recipients to obtain forgiveness from the government.

Art discusses in detail:

  • Provisions of the new law
  • How it makes forgiveness easier
  • How dentists should proceed with the use of their loan money
  • EIDL loan provisions and why you should be cautious

While the laws have been relaxed significantly and forgiveness is easier, there is still work to be done. Art outlines steps dentists should take to obtain maximum forgiveness and gives tips on how they should plan going forward.

Additional COVID-19 support, news and information is available at hmwccpa.com/covid19 and eidebailly.com/covid19.

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