Employee Retention Credit Provisions Expansion for 2020 and 2021
…employer receiving a PPP loan could not claim the ERC, and this rule extended to a loan recipient’s affiliate. If an affiliate of an eligible employer received a PPP loan…
…employer receiving a PPP loan could not claim the ERC, and this rule extended to a loan recipient’s affiliate. If an affiliate of an eligible employer received a PPP loan…
SBA PPP LOAN FORGIVENESS RULES PPP Questions and Answers: What Lenders and Borrowers Need to Know About Deferral Period Extensions and Promissory Notes The Paycheck Protection Program (PPP) was included…
…first round of PPP funds were exhausted. The question hinges on whether or not large companies can properly certify the need for the PPP. In its response to FAQ 31,…
SBA PPP LOAN FORGIVENESS RULES Firm managing partner explains the need for Paycheck Protection Program (PPP) reform and the burden of the program on businesses with Richmond Times-Dispatch Keiter Managing…
…account for any PPP loans as debt, in accordance with Accounting Standards Codification (ASC) 470, Debt. Under this treatment, entities would record the PPP loan as a debt liability, accruing…
…Clarifications for Borrowers Paycheck Protection Program: Enhanced Transparency vs Business Privacy Updated PPP Guidance: Certification of Need and Opportunities for Additional Loans Keiter Webinar: An Overview of the PPP Loan…
SBA PPP LOAN FORGIVENESS RULES SBA Form 3508S Streamlines Forgiveness Process for Paycheck Protection Program Loans Under $50,000 On October 8, 2020, Treasury released its latest Interim Final Rule with…
…Borrowers Paycheck Protection Program: Enhanced Transparency vs Business Privacy Updated PPP Guidance: Certification of Need and Opportunities for Additional Loans Keiter Webinar: An Overview of the PPP Loan Forgiveness Application…
SBA PPP LOAN FORGIVENESS RULES By Scott Zickefoose, CPA, CM&AA, Tax Senior Manager SBA and U.S. Treasury Release Additional Paycheck Protection Program Guidance for Borrowers The Small Business Administration (SBA)…
SBA PPP Loan Forgiveness Rules The Paycheck Protection Program (PPP) is a loan designed to provide a direct incentive for small businesses negatively impacted by COVID-19 to keep their workers…
SBA PPP LOAN FORGIVENESS RULES By Scott Zickefoose, CPA, CM&AA, Senior Tax Manager | Business Turnaround Services Team PPP Loan Forgiveness Assistance On June 3, 2020, the Senate passed H.R….
SBA PPP LOAN FORGIVENESS RULES New IRS Revenue Ruling 2020-27: Important Tax Details for Paycheck Protection Program Loan Recipients On November 18, 2020, the Internal Revenue Service (IRS) issued Revenue…