Let the changes begin! As we have mentioned in previous articles, there would be guidance on the CARES Act related to the forgiveness of Paycheck Protection Program (PPP) loans. Buckle up, as the changes are now here. The Paycheck Protection Flexibility Act was introduced by the House on May 26 and was approved by the…
COVID-19 has had an unprecedented impact on all aspects of American businesses, but perhaps none have been as severely affected as small business owners. Surviving this disaster will require more than just time: you will need to take a pragmatic view of what has happened and what steps you are willing and able to take…
As part of the stimulus package to help offset the financial damage inflicted on businesses as a result of the COVID-19 crisis, rolled out some big tax benefits.
PPP loans are partially forgivable if used payroll–It may seem simple at first glance, but this is before taking into consideration all of the minutiae built into the loan forgiveness computation that will reduce the forgiveness.
The CARES Act created additional business provisions for bonus depreciation, student loans, limitations on losses and business interests, as well as alternative minimum tax (AMT) credits.
The “Money Talks” Experts provide some insight for business owners who have eight weeks to use their PPP loan funds for payroll costs if they want the loan forgiven.
As a business owner, there is a lot you need to consider before you reopen your doors. Our friends at Pritchard & Jerden compiled some best practices to consider before opening your business back up to the public.
Documentation is going to play a big part in getting your PPP loan forgiven. Don’t wait eight weeks to start collecting proof. Here is our advice for starting now.