PPP NEWNESS REALNES YAS
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3 so that is really gonna help a lot of businesses meet back forgivable- deadline and fortune also now you have until december thirty first to restore your workforce so if before the pandemic you had twenty employees and you got the ppp.
December thirty first to get back to twenty employees in order for that.
Cricket will next to come into play.
The people who have gotten the ppp.
Being a social security and medicaid portion of employer taxes.
That those payments can potentially be deferred to december.
Twenty twenty one so make sure you contact your- share you know you think you have to work or not your payroll and see if that applies to you because if you're not in full operations yet and you don't have the money that you need coming in just yet.
You have the option to do first some of those tax payments so make sure you look into the details because the tax payments don't go away.
You just have a longer time to pay you do not get part of it forgiven- all loans that word became effective after june fifth there's now a five year repayment term.
I did originally it was two years so all loans prior to june fifth automatically our two year repayment but contact your bank or if you want that five year repayment terms. that option is still available to you.
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