BuzzHouse: PPP update and guidance following the second round of PPP funding

Baker Tilly's podcast series specifically for professionals in the multifamily housing industry

Round two of the Paycheck Protection Program (PPP), also referred to as PPP2, was renewed as part of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act. The $900 billion relief package includes $284 billion towards the new round of PPP loans, providing more avenues of relief for small businesses.

Find out if you are eligible for funding, learn the acceptable uses for PPP funding and understand the parameters for forgiveness and tax deductions.

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The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely.  The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.

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