PPP Recipients: Get Your Books Ready for an Audit!
Listen up all recipients of Paycheck Protection Program loans. Did you think the government was going to forgive a loan and let that be that? Not a chance! This is especially true after it came to light that large companies with adequate cash...FAQs: Why is Getting Your PPP Loan the Least of Your Worries?
The Business Tax Ninja is back to defend you when it comes to the PPP. Earlier this week she hosted a webinar in which she discussed why getting your PPP loan forgiven should be the least of your worries. What’s the urgency? The Business Tax Ninja received...More on Employee and Owner Compensation and Paycheck Protection Program Funds
The Paycheck Protection Program is intended to protect ongoing operations of businesses during government mandated stay at home orders that have greatly shuttered businesses nationwide. These loan proceeds may be forgiven if businesses maintain similar levels of...Additional Guidance for Sole Proprietors Regarding the Paycheck Protection Program
Last week additional guidance about the Paycheck Protection Program came out for sole proprietors and independent contractors. Pay close attention to these requirements as they are different from those for small companies or partnerships. Although sole proprietors...Partnerships and the Paycheck Protection Program
Over the last two days we have received a slew of questions about how partnerships are treated in the Paycheck Protection Program. Not as much guidance exists for partnerships, but they were addressed in the Interim Final Rule issued on April 14th. If you have a...Thanks For Visiting
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