Most Dental Practices should be able to get their PPP Loans forgiven 100% based on the new law.
Here are the Updates:
1. PPP borrowers can choose to extend the 8-week period to 24 weeks
2. Payroll expenditure requirement drops from 75% to 60%
3. Borrowers can restore their workforce by Dec. 31 instead of June 30
#ppploans#dentalcpa#dentalpractice#dentaloffice
https://www.journalofaccountancy.com/news/2020/jun/ppp-loan-forgiveness-changes-coming.html