On August 28, 2020, the American Institute of CPAs (AICPA) released a Technical Questions and Answers covering a lender’s accounting for forgiveness or repayments of a U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP) loan. The SBA also issued an interim final rule addressing owner-employee compensation, tenants, subtenants, and home-based businesses, as well as related party rent. This article provides details on this new guidance.

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