Remove resources simplified-form-ppp-forgiveness
article thumbnail

New COVID relief package extends payroll provisions

Business Management Daily

If you needed an advance on your tax credit, you could file Form 7200 with the IRS. PPP loans are expanded. As expected, the PPP has also been updated and extended in this latest round of COVID relief. PPP loans originally covered payroll , rent, utilities, and similar costs. The credit was set to expire Dec.