The Philadelphia Inquirer quoted Tax Partner Michael Maksymiw in an article about the new, more liberalized rules for Paycheck Protection Program loans.
The Philadelphia Inquirer
By Erin Arvedlund
What if you made offers to your employees to come back and they don’t? The new legislation allows for that, according to Marcum LLP’s Michael Maksymiw, a partner in the firm’s Hartford office. You can still get your loan forgiven, he noted, if you’ve done the following: made a good-faith written offer of employment that is rejected; fired someone for cause; found that you’ve been unable to hire a former employee or similarly qualified one; and can’t restore business operations to Feb. 15 levels because of COVID-19.
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