Paycheck Protection Program

California Largely (But Not Fully) Conforms to Deductibility of Expenses Paid with Forgiven PPP Loans

04/30/21

On April 29, 2021 Governor Newsom signed California A.B. 80, largely conforming to Federal rules relating to deductibility of expenses paid with funds from forgiven Paycheck Protection Program (PPP) loans.  The $150,000 limitation in prior versions of A.B.

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Congress passes two-month PPP extension

03/25/21

Lawmakers approved a bill that will allow the Paycheck Protection Program to remain open until May 31. It was originally set to expire on March 31.

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Achieva Credit Union surpasses $2 billion-asset mark

03/25/21

The Dunedin, Fla.-based institution reported an 18.8% surge in assets last year, along with substantial growth in commercial lending, thanks in part to the Paycheck Protection Program.

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