The AICPA urged swift approval of additional funding for the Paycheck Protection Program (PPP) in a press release on Thursday, April 16.
PPP, a crucial initiative under the Coronavirus Aid, Relief and Economic Security Act to help small businesses and their employees, ran out of funding that day.
Beyond additional funding, the AICPA also suggested allowing greater flexibility, with some appropriate restrictions, on timing of the PPP’s eight-week payroll support cycle.