Making the Most of the Paycheck Protection Loan Forgiveness (PPP Loan) and ERC (Employee Retention Credits)

Did you know: How you fill out the 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 PPP loan and loan forgiveness:

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) […]

Understanding the Paycheck Protection Provision Loan Program

By Emerald Financial | April 2, 2020

Yes, the CARES Act for the Paycheck Protection Program was passed last Friday. It’s 800 pages and the banks are still feeling their way around […]