Making the Most of the Paycheck Protection Loan Forgiveness (PPP Loan) and ERC (Employee Retention Credits)
Did you know: How you fill out the Paycheck
Protection Program (PPP) Loan Forgiveness application affects the amount of the ERC tax credit you receive? This amounts to thousands of dollars!
When filling out your loan forgiveness application, make sure that you are choosing the proper covered period so you can maximize the tax break that your business receives from the ERC credits. Not sure how? We can help. From consultation to spreadsheets to help you make sure your calculations are accurate. Contact us or schedule a time to talk.
Our accounting practice has always focused on supporting small businesses, and we're working particularly hard during this time to help businesses survive and thrive again.
Check out our latest posts regarding the Paycheck Protection Program PPP loan and loan forgiveness:
It’s going to take us many weeks to digest everything in the Coronavirus Relief & Omnibus Agreement that the President signed Sunday night. PPP Round 2 […]
You might have seen some rumors on this already, but I wanted to help make everything clear for you… A few weeks back I told […]
PPP Loans The IRS has clarified that if your loan money is forgiven, it won’t be considered taxable income. BUT, nor will it be eligible […]
While the deadline gives everyone some breathing room, there are several different permutations that will be calculated to determine the best way for you to […]
The SBA has issued more clarifications on the PPP… YES, it continues to get more complex. See the details below and please contact us if […]
As a small business owner, you may not feel you can justify the expense of a full time CFO. But there are times you absolutely […]
When the latest PPP legislation passed last week, it eased a number of restrictions, making far easier for businesses to qualify for loan forgiveness. While […]
GREAT news if you have a PPP loan or are still considering applying for one. Congress moved quickly this week, and the president JUST signed […]
The SBA has released the much-anticipated form for businesses to apply for PPP Loan Forgiveness. The 11-page application goes a long way to resolve many of the questions and concerns businesses had anxiously wondered about loan forgiveness.
Many business owners were nervous about taking the PPP loan because it was unclear if you could demonstrate the need for a loan if you […]