By Travis Miskowitz, Manager, CFO Advisory
The Paycheck Protection Program (PPP) created by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides loans to small and mid-size businesses to cover payroll and other specific costs during the coronavirus pandemic. PPP loans may be forgiven under particular circumstances, and are typically excluded from taxable income.
Sounds simple—and if you focus on the question of payroll costs, it is. But companies that are interested...