On June 5th, 2020 President Trump signed the Paycheck Protection Program Flexibility Act of 2020, also known as the PPPFA or PPP Flexibility Act.
Keep in mind there will be no PPP loan applications accepted after June 30, 2020.
There is a new PPP application.If you already have a PPP loan, there is an updated PPP Loan Forgiveness Application and a new PPP Loan Forgiveness EZ Form.
Marcum Tax Accountants and Advisors hosted a webinar on June 12th.
The tax considerations center around IRS Notice 2020-32 regarding the taxability of PPP funds.
Secretary Mnuchin’s announcement on June 8th highlighted some of the new elements, but we are still waiting for more guidance from Treasury, so watch for that guidance and consult with your CPA or Attorney.
Go to www.weservgad.org to read the blog post on the PPP Flexibility Act with links to resources and information.
Comeback S.M.A.R.T. Casa Grande, a brand-new brochure highlighting Casa Grande City Services as the City comes back with in person services.
You can listen to the city updates from El Mirage Mayor Hermosillo, Goodyear Mayor Lord, Maricopa Mayor Price and Avondale Mayor Weise at www.weservgad.org under podcasts.
The West Valley Chapter Government Affairs Advisory Council Meeting will be via Zoom on June 25th from 1pm to 3pm. Please register to attend.
WeSERV GAD: Advocating for private property rights, the right to private contract and YOUR business!