The Paycheck Protection Program (PPP) had a March 31st, deadline, and now has been extended until May 31st. Savoy Bookkeeping and Tax Services have been successfully helping small businesses complete applications that yield funding! Let us, the accounting and tax experts help you by completing the complex application process.
The U.S. Senate approved the filing deadline for the SBA to finish processing applications received by May 31, not the original due date of March 31st. The is great news for small businesses, not-for-profits, and the accounts that serve those who still need to complete existing PPP loan applications and file new ones. The extension act also provides the SBA time to address significant loan application process challenges, including confusing validation and error codes, delayed guidance, and changes to the PPP loan amount calculation for self-employed borrowers.
We look forward to serving you and helping you obtain the funding you deserve to sustain your small business.