Jamie Card, Partner, and Financial Institutions Team Leader and Marc Valerio, Partner, The Bonadio Group, provided an update on the Paycheck Protection Program at IBANY’s 2020 Virtual Convention. The session provided current updates on PPP in regards to law, rules, and proposed changes. Jamie and Marc also lead a discussion focused on the accounting for PPP and the related fees.
The information and advice we are providing for this matter relates to COVID-19 legislative relief measures. Because legislative efforts are still ongoing, we expect that there may be additional guidance and clarification from regulators that could modify some of the advice and information provided to you, after the conclusion of our engagement. We, therefore, make no warranties, expressed or implied, on the services provided hereunder.