PPP Loan Forgiveness Application-At Least Some Guidance! On May 15, 2020, the SBA issued a PPP Loan Forgiveness Application which provided clarifications to several outstanding questions. Many questions are still outstanding,...
On May 15, 2020, the SBA released the PPP Loan Forgiveness Application. This brings more clarification to some unanswered questions. The application and instructions include the following: Options for borrowers to...
Bernard Abercrombie, CPA has over 40 years of experience serving Montgomery County and The Woodlands, Texas area. Bernard was recently the featured guest on Montgomery County Hispanic Chamber's Business Builders...
Some taxpayers have received Economic Impact Payments in error for deceased family members or for other reasons. On May 11, 2020 the IRS updated instructions on how to return a...
All PPP borrowers must certify in good faith that “current economic uncertainty makes this loan request necessary to support the ongoing operations.” According to the SBA guidance issued May 13,...
Get our PPP Forgiveness Calculator (Excel). Enter your name and email address below and the calculator will be emailed to you. [gravityform id="16" title="false" description="false"] Questions on PPP loan forgiveness? Learn how...
[The Internal Revenue Service is urging taxpayers who want to receive their economic impact payments by direct deposit to register their information by Wednesday, May 13, at noon, or else...
In an attempt to alleviate some of the economic pressure created by COVID-19, the government has begun to pause collection activities for some taxpayers. The suspension period will run from April...