PPP FAQ’s Updated by SBA 6/25/20

John (Rusty) Davis, CPA

Updated FAQ’s for Borrowers and Lenders as of 6/25/20, including clarity on new payroll period change (#20) and loan maturity (#49) HERE.

PPP Loans End 6/30/20 – Apply ASAP

John (Rusty) Davis, CPA

Urgent reminder! The deadline for SBA to approve Paycheck Protection Program (PPP) loan applications is Tuesday, June 30. This loan program provides loan forgiveness for retaining employees by temporarily expanding…

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AICPA Releases PPP Loan Forgiveness Calculator

John (Rusty) Davis, CPA

On May 20, 2020, the AICPA has offered an initial version of a PPP Loan Forgiveness Calculator, to be used to support calculations for the PPP Loan Forgiveness Application. Please…

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PPP Loan Forgiveness Steps For Employers

John (Rusty) Davis, CPA

As of May 12, 2020, AICPA has prepared a step-by-step guide for employers to maximize loan forgiveness at the end of the 8 week covered period. Access the guide HERE.