American Chiropractic Association - Paycheck Protection Program

UPDATED: Bipartisan COVID-19 Relief Package Contains Tax Fix, More Resources for Chiropractors

In a COVID-19 relief and federal spending package passed earlier this week by a bipartisan group of U.S. House and Senate lawmakers, several important items that the American Chiropractic Association (ACA) lobby team has been pushing for have been included in the measure.

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Feds Simplify Forgiveness Process on Small PPP Loans

Recently, the U.S. Treasury Department and the Small Business Administration (SBA) released a simplified forgiveness application for Paycheck Protection Program (PPP) loans under $50,000. The simplified form cuts the application’s size down from five pages to two and removes most of the questions aimed at ensuring that the loans were used for the program’s intended purposes of supporting payrolls and covering other fixed costs.

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