Making the Most of the Paycheck Protection Program (PPP Loan)

The Loan Forgiveness application has been released and the SBA is working to clarify key points... Wherever you are in the process, 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 prepare to thrive again. 

Check out our latest posts regarding the PPP loan and loan forgiveness:

 

Some PPP Forgiveness News…

By Emerald Financial | October 13, 2020

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 […]

Will PPP Loans and EIDL Advance be Taxable?

By Emerald Financial | July 7, 2020

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 […]

PPP Loan Forgiveness Applications Due Dec. 31, 2020 – But Please Don’t Wait Until the Last Minute!

By Emerald Financial | July 6, 2020

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 […]

More PPP Guidance Released by the SBA

By Emerald Financial | June 23, 2020

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 […]

Every Small Business Owner Needs a CFO – Especially Now

By Emerald Financial | June 17, 2020

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 […]

SBA Clarifies Last Week’s PPP Legislation

By Emerald Financial | June 10, 2020

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 […]

PPP Restrictions Eased – New Legislation Just Passed

By Emerald Financial | June 9, 2020

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 […]

SBA Releases PPP Loan Forgiveness Application – Key Takeaways

By Emerald Financial | May 18, 2020

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.

Less than $2 Million Borrowed? Yes, You Meet the Good-Faith Certification Test

By Emerald Financial | May 14, 2020

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 […]

Loan Forgiveness under PPP Loan Provisions

By Emerald Financial | May 5, 2020

Well, you probably saw this coming… Turns out … if you received a PPP loan, the expenses you pay from the proceeds of this (forgivable) […]