Small-Business Owners Terrified of Keeping PPP Money Face Deadline Today
by Bruce Willey, JD, CPA, Founder, American Tax & Business Planning
May 18, 2020
3 minutes
Small businesses struggling to survive during the COVID-19 pandemic now have something else to worry about: Could they get in trouble for taking the money the government has offered through the Paycheck Protection Program to help them out? Should they pay it back? If they don't, could they be liable for fraud?
The clock is ticking: They have , to decide whether to give their money back to avoid any possible penalties, and it's causing many small-business owners serious angst. The cause of this confusion and concern: Yet another change to the rules governing the program leaving some
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