The House and Senate have both unanimously passed a 5 week extension of the Paycheck Protection Program (PPP), and President Trump is expected to sign the bill. The PPP deadline was originally June 30, and with the 5 week extension, the new deadline is August 8th.

For anyone who had a PPP application in process at June 30th but were unable to get it submitted before the deadline, they can now submit that in the next 5 weeks to receive the PPP funds. 

To read more from the AICPA about the PPP extension, click here.