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Navigating the Paycheck Protection Program (PPP) Loan Forgiveness Application
The recently passed Paycheck Protection Program (PPP) and the related Flexibility Act has done much to help businesses during this unprecedented time. But now as banks begin to open their Forgiveness Application portals, business owners are feeling anxiety over the documentation to produce and the calculations required to determine how much of the loan is forgiven and how much will have to be repaid…and when repayment would start.
Join us as Rachelle Calina, CPA, reviews the application and related instructions including how it changes the rules related to owner compensation, FTE counts, the 8-week or 24-week covered period, non-payroll costs and more! We will also show you how to obtain the necessary documentation from QuickBooks Payroll, ADP and Paychex. This will be a one-hour presentation followed by 30 minutes of Q&A.
Most early childhood schools and daycares lack the accounting expertise to take their business to the next level. This can stifle business growth and leave you feeling stuck and overwhelmed.
We are Honest Buck Accounting, your full-service accounting partner. From payroll to forecasting, from budgeting to tax preparation, we offer a variety of services to meet your business needs as it grows.
Our experienced team comes alongside your business to free you up and help you thrive.