Author archives: Cassady Schiller CPAs & Advisors

“SIMPLIFIED” PPP Loan Forgiveness

Yesterday, October 8, the US Department of the Treasury provided new guidance and released a third version of the PPP Loan Forgiveness Application, Form 3508S, targeting PPP loans of $50,000 or less.  Borrowers holding PPP loans of $50,000 or less are exempt from any reductions in forgiveness due to:

  1. Reductions in full-time equivalent (FTE)…