Both House and Senate have passed legislation (H.R. 7010) radically overhauling the scope and mechanics of PPP loan forgiveness. Many of the bullets we were sweating will fall to the ground. But, which new ones will emerge?
If you haven’t filed for PPP loan forgiveness yet, don’t. The way we play this game must be rethought from scratch. [Rethink = To reconsider or involve oneself in reconsideration, especially profoundly.] The time for doing so is now.