The SBA and US Treasury have released revised PPP forgiveness application forms for first and second-draw Paycheck Protection Program borrowers.Read More
Archive for the ‘Paycheck Protection Program’ Category
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Second Round of PPP Loans: Here’s What the Consolidated Appropriations Act Changed
The new COVID-19 stimulus package, the Consolidated Appropriations Act, provides a second round of PPP loans and makes big changes to the program.Read More
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Update: PPP Expenses are Tax-Deductible
The $900 billion COVID-19 relief bill reopens the Paycheck Protection Program and ensures expenses paid for with forgiven PPP loan funds will be tax deductibleRead More
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Full-Time Equivalent Employee (FTE) Calculation
Here are the 2 FTE (full-time equivalent) calculation methods you can use when applying for Paycheck Protection Program loan forgiveness.Read More
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FTE Reduction Exemptions for PPP Loan Forgiveness
Here are the FTE (full-time equivalent) employee reduction exemptions you should be aware of when filling out your PPP loan forgiveness application.Read More
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Completing Your PPP Loan Forgiveness Application
Completing the PPP loan forgiveness application can seem intimidating, but it doesn’t have to be. Here’s an overview of the 3 applications.Read More
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SBA Issues Loan Necessity Questionnaires for PPP Borrowers With Loans of $2 Million or More
The SBA released two loan necessity questionnaires for Paycheck Protection Program (PPP) borrowers who received PPP loans totaling $2 million or more.Read More
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The Possible Tax Consequences of PPP Loans
Businesses that received PPP loans should be aware of the tax consequences. Here’s a look at the issue.Read More
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Applying for PPP Loan Forgiveness Early
Interim guidance released by the Treasury and SBA declare PPP recipients can apply for PPP loan forgiveness before the end of their Covered Period.Read More
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Paycheck Protection Program Flexibility Act (PPPFA)
The Paycheck Protection Program Flexibility Act (PPPFA) aims to make it easier for PPP loan borrowers to receive forgiveness. Here are the key points.Read More