Billy Penn is one of more than 20 news organizations producing Broke in Philly, a collaborative reporting project on economic mobility. An updated data set with new details about the U.S. Small Business Administration program was released mid-December. PPP Loan Update: Simplified Loan Forgiveness Application. Covid-19 vaccine US schedule: when can I get it? Business owners will need to pay careful attention to these updates to make sure they're still eligible to apply for PPP loans. New applications were not accepted after August 8, 2020, most earlier loan recipients completed their 8-week covered period over the summer, and the pace of revisions to the program finally slowed down. ¡Sign up!. PPP Loan Forgiveness and Deductions Update. Home \ Blog Posts \ PPP Loan Forgiveness and Deductions Update. Join to the sexy contacts online community, live your adventure. The FAQs [PDF 266 KB] (updated December 9, 2020) now include FAQ #53 to explain why recipients of PPP loans of $2 million or more are receiving questionnaires … … take advantage of the program into the first week of August. Everything you need to know about Philly, every day. Want some more? The pioneering artist was the first woman in her field to win a Pulitzer. Don't let your tree end up clogging the trash. New relief bill includes more PPP loans, but the rules to apply are different. Over 25 PPP loans worth more than $3.65 million were given to businesses with addresses at Trump and Kushner real estate properties, paying rent to those owners. PPP Loan Update: Simplified Loan Forgiveness Application October 12, 2020 / in Articles, COVID-19 / by Amanda Hallemeier. No clickbait, no cliffhangers: the Billy Penn morning newsletter. Wondering which local outfits participated, and how much they got? Data editor Julie Christie of solutions journalism collaborative Resolve Philly mapped the PPP recipients across the city. The Boston-based small business applied for a PPP loan under the CARES Act and was surprised to only get approved for $810. PPP Update – Simplified Loan Forgiveness Application for PPP Loans for $50,000 or Less. Last Updated: December 22, 2020 9:00 a.m. PPP Update — Simplified Forgiveness [ Published October 12] On October 8, the Small Business Administration (SBA) published its Loan Forgiveness Form (3508S) along with instructions. As was widely reported back in May, the Internal Revenue Service (IRS) issued Notice 2020-32, in which it determined that 2020 expenses which have been paid using Paycheck Protection Program (PPP) loan proceeds will be nondeductible to the extent those loans are subsequently forgiven. ‘Unprepared’ Philly police violated use-of-force and tear gas policies during summer protests, review finds, Secret Philly: The story of Rosa Photo, that FBI fingerprinting truck at 16th and Callowhill, Philly health department clears Gritty for Flyers games, NHL relents, Thousands say they’re going to the Mummers march on New Year’s Day, Philly’s new mobile testing truck is designed to contain COVID clusters with rapid response, Philadelphia students helped register young voters in advance of the Georgia runoffs, Jim Kenney’s no good, very bad year: As pandemic and protests roiled Philadelphia, the mayor had regrets, Catering workers describe maskless parties and high-risk gigs, as biz owners hope for a safer spring, Tina Fey’s ‘I’m a SEPTA b*tch’ wouldn’t be a bad slogan, says transit agency GM, South Philly’s Bok building launches free weekly COVID tests for tenants and staff. The Paycheck Protection Program — PPP — application process has been extended until 8 August after Donald Trump signed a new law that would allow people to take advantage of the program into the first week of August. Smith was even more surprised to … It has been awhile since we updated our clients and friends about the Payroll Protection Program (PPP). Thanks to an observation by Bucks native Colt Shaw, the Medieval young boul has gone viral. The PPP has been tweaked to support main street businesses as well as their larger counterparts. Test your local knowledge — join us for the next Philly Quizzo virtual event, or take the quiz online. Related content . When will people learn to keep the city’s name out of their mouth? Updated FAQs on PPP loans; extension of deferral period The U.S. Treasury Department updated a set of “frequently asked questions” (FAQs) concerning the Paycheck Protection Program (PPP) as administered by the Small Business Administration (SBA). The Flexibility Act also increases the time to use the loan from eight weeks to 24 weeks, helping borrowers to reach full forgiveness. Because so many of you have some fairly diligent IT folks protecting you from spam and malicious emails, a great number of the bulk emails we send out with attachments never make it to you. Organizations that received more than $2 million to keep their employees on the payroll are slated for a full audit to make sure the money is properly used. Update on PPP and Loan Forgiveness. Official retro t-shirts English football clubs, be inspired by the most important moments of the premier. The Paycheck Protection Program — PPP — application process has been extended until 8 August after Donald Trump signed a new law that would allow people to … These 15 new startups want to help Philly millennials stay healthy, This 15th century Carthusian monk looks exactly like a dude from Northeast Philly, Inquirer cartoonist Signe Wilkinson is retiring after 35 years of satirizing Philly, Philly scientist behind COVID vaccine tech was demoted by UPenn, yet she persisted, 12 times Philly made national headlines, and what everyone got wrong, How to let goats eat your Christmas tree, or recycle it another way in Philly, Heading back to a shelter, Philly mom wishes COVID hotel money could pay for housing instead, 10 inspiring moments from Philly’s 2020 social justice protests, Belsnickels and bar brawls: A brief history of Christmas revelry in Philadelphia. Petitioned the league to be deemed “ essential '' — and appears to have won inspired... 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