October 13, 2020

Crain’s Cleveland Business quoted Managing Director Dawn Minotas and Tax Partner Michael Maksymiw in an article about streamlined PPP forgiveness for loans less than $50,000.

Crain’s Cleveland Business

By Jeremy Nobile

Crain’s Cleveland Business quoted Managing Director Dawn Minotas and Tax Partner Michael Maksymiw in an article about streamlined PPP forgiveness for loans less than $50,000. Paycheck Protection Program

Excerpt:

The impact of a reduction in forgiveness is significantly higher for loans $50,000 and less on businesses that do involve more than one employee. A business with five employees that has to lay off just one employee would result in a 20% reduction in forgiveness, which could be financially significant to that business.

Click here to read a PDF version of the article >>

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Dawn  Minotas

Dawn Minotas

Managing Director

  • MS&C - Financal
  • Cleveland, OH
Michael  Maksymiw, Jr.

Michael Maksymiw, Jr.

Partner

  • Tax & Business
  • Hartford, CT