Pellegrino, Saccomani & Wells, CPA's, LLP
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COVID-19 Special Update: Paycheck Protection Program Form 3508S revised

SBA revises Form 3508S to include loans of $150,000 or less. Click on the link to download the form and instructions to complete.


COVID-19 Special update: Paycheck Protection Program 2nd Round Draw Webinar and Participant Slides

Click on the title for participant slides and links to the webinar.


COVID-19 Special Update: Paycheck protection program resumes and introduces a second draw

SBA in consultation with the US Department of Treasury reopened the Paycheck Protection Program (PPP) for the first draw loans the week of January 11, 2021. SBA will begin accepting applications for the second draw loans on January 13, 2021.

Click the link for more details.


Covid-19 Special Update: New exemption from forgiveness reductions for PPP loans under $50,000

On October 8, 2020, the Treasury Department and Small Business Administration (SBA) released a simplified Payroll Protection Program (PPP) forgiveness application (Form 3508S) and instructions for loans of $50,000 or less, as well as an Interim Final Rule (IFR) which explains the changes.

Click the link for more details.