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:
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.