PPP FAQ: Your Questions Answered

PPP FAQ: Your Questions Answered Navigate Right now, business owners have a lot of questions. In a combined effort with partners in the legislature, legal, and accounting practices we are bringing small businesses much-needed answers as they become available. Here, we’ve collected the most common questions business owners want to be...

New PPP Guidance

New PPP Guidance for Small Businesses Navigate The pandemic continues to impact small businesses, and we applaud Congress for providing much-needed relief by reopening the PPP at $284B, allowing for initial and second draw loans, plus simplified loan forgiveness for loans under $150K.  Below we will breakdown the new guidance...

Questions about PPP and EIDL Loan

Answering Questions About the Paycheck Protection Program and Economic Injury Disaster Loan SHARE Two weeks ago President Trump extended the PPP application deadline from July 6th, to August 8th giving small business owners an extra month to apply. The Paycheck protection program has been intended to help small businesses operating...

Are PPP Loans Taxable?

Are Forgiven PPP Loans Taxable? SHARE The SBA Paycheck Protection Program (PPP) is probably the most significant small business funding relief effort in history.  The beautiful thing about the PPP is that borrowers can have their loans forgiven so long as they use the funds for qualifying expenses, which include...

Second Wave of PPP Loans

Second Wave of PPP Loans SHARE It has been over 50 days since the world has been dramatically changed and like many Small Business owners you are trying to make ends meet or even survive this pandemic. Millions of Americans have either lost their jobs or are being furlough currently....