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The SBA released a revised Loan Forgiveness Application applying the PPP Flexibility Act of 2020.

The SBA released a revised Loan Forgiveness Application applying the PPP Flexibility Act of 2020. The borrower may include only the share of covered expenses that were deductible on the borrower’s 2019 tax filings, or if a new business, the borrower’s expected 2020 tax filings for a home based business, when determining the amount of nonpayroll costs that are eligible for loan forgiveness. Personal home costs maybe not associated with the continuing...

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