MPL General Counsel Corner – A Little Forgiveness Advice From Mark Twain
One of the most popular topics I hear from clients these days revolves around PPP forgiveness. There has been a lot of talk about what it looks like and how quickly it will occur.
Carey Gertler, from EisnerAmper, forwarded an interesting blog from the AICPA which I think highlights some excellent points as to why you should not rush to apply for forgiveness. On top of that, Secretary Mnuchin is on record pushing for automatic forgiveness for PPP loans under $150k.
With the constantly changing landscape, I think it is a wise to do your research and talk to your professional advisors and mentors. A few helpful coronavirus resource pages, which contain helpful forgiveness tools, are listed below:
I will leave you with this thought from Mark Twain, which I think is very appropriate for the small business community as they navigate the PPP forgiveness landscape and the uncertainty presented in the Covid impacted world:
“Forgiveness is the fragrance that the violet sheds on the heel that has crushed it.”
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