You asked, the Small Business Administration (“SBA”) answered. Following passage of the Paycheck Protection Program Flexibility Act, the SBA issued guidance increasing the maximum amount of payroll costs that can be forgiven for business owners, self-employed individuals and employees earning more than $100,000 when a borrower uses a 24-week covered period.
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Andrea B. Neuman
Partner | Chair, Employment
212.655.3513 | firstname.lastname@example.org
Gregg M. Kligman
Counsel | Employment
(646) 273 8209 | email@example.com
Bob G. Goldberg
Partner | Chair, Taxation & Estates
212.655.3526 | firstname.lastname@example.org