PPP Loan Forgiveness Application Walk through

05.26.2020 05:41 PM By Roy Vargis CPA - Comment(s)

Under the Paycheck Protection Program (PPP) created by the CARES Act, loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses.

The Treasury Department and Small Business Administration recently released the application form and instructions for ...

PPP Loan Forgiveness Introduction and FAQ

05.26.2020 05:26 PM By Roy Vargis CPA - Comment(s)

Spending your PPP funds on Payroll and non payroll things is straightforward enough. But things get more complicated when you don’t keep your headcount and employee pay levels the same.

CARES Act Business Provisions

05.26.2020 05:03 PM By Roy Vargis CPA - Comment(s)

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law by President Trump.  This new law not only sends rebate checks to taxpayers but also rolls back several provisions of the Tax Cuts and Jobs Act.

PPP Loan forgiveness Calculation

05.26.2020 03:52 PM By Roy Vargis CPA - Comment(s)

To apply for forgiveness of your Paycheck Protection Program (PPP) loan, you (the Borrower) must complete this application as directed in these instructions, and submit it to your Lender (or the Lender that is servicing your loan). Borrowers may also complete this application electronically through ...