**Note – Guidance given in all COVID-19 government assistance programs was provided with the most current information made available to Apple Growth Partners at the time of response. Clarifications and further guidance is being disseminated from government authorities in an ‘on-going’ matter. All guidance should be reaffirmed prior to the submission of any application and/or program**
Below is the interim final rule just published by Treasury, along with the Paycheck Protection Program (PPP) application.
Please note these critical changes:
- PAGE 11 OF PDF (g) iii Federal employment taxes imposed or withheld between February 15, 2020 and June 30, 2020, including employer’s share of FICA and income taxes required to be withheld, must be subtracted from gross wages
- Interest rate is 1%
DOWNLOAD: Interim Final Rule
DOWNLOAD: PPP Application
FAQs – Updated with the interim final rules – Corrected FAQ #9 (4/3/20)
Our COVID-19 Response Team is standing by, ready to help your business apply with your Engagement Team. We’re proud to be your partner in navigating these continuous changes. Contact our COVID-19 Response Team with questions – COVID19@applegrowth.com.
Your AGP COVID-19 Response Team
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