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Special Edition
January 8, 2021
Tel: 404-874-0555
Breaking News
Education Secretary Resigns 
Staunch Trump Supporter, Secretary of Education Betsy DeVos has resigned. In her resignation letter, she faulted President Trump for the role his rhetoric played in the attempted siege of the US Capitol. She said the administration should be celebrating its accomplishments instead of cleaning up the mess left by violent protestors.
She is the latest official to resign after the incident. Others include the secretary of transportation and several senior FAA officials. Days before the assault on the Capitol, Ms. DeVos submitted a farewell letter to congress in which she urged legislators to reject free college.
President-elect Biden nominated Miguel Cardona, EdD, as her successor. It is unclear what, if any, impact her early departure will have upon the challenges currently facing higher education. 
In Other News

■ An update was made to the PPP Interim Final Rule.

■ Eligibility to participate in Second Draw Loans was granted to existing PPP borrowers.


■ The PPP loan forgiveness form (3508S) and instructions were revised.

■ The PPP permitted expenses list was updated.


■ Clarification was made regarding tax treatment of forgiven PPP loans.


■ The Addendum to the Compliance Supplement issued in August 2020 was released.


■ The Families First Coronavirus Response Act's (FFCRA) paid leave requirements expired on December 31, 2020. The FFCRA tax credit has been extended to March 31, 2021, but restricted to instances where employees have an available balance of FFCRA leave that the covered employer is permitting them to use.

Save the Date:
March 8-9, 2021
Annual WPG HBCU Forum

Information is more important now than ever before. As always, WPG is available to help. Call 404-874-0555 to speak with our managing associate or email us at don@wpg-inc.com.

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