The PPP (Paycheck Protection Program) has helped out many business owners and many thought the PPP funds are FREE money they could use to fund payroll expenses for themselves and their employees. However, with the SBA updating the rules, it may affect 100% forgiveness of the PPP loans.
Is the PPP funds used in payroll going to still be forgivable? We will be going over questions and concerns about PPP loan forgiveness, myths about forgiveness, who is still eligible, and many more!
Please contact us if you need help or have any questions!
insights@xqcpahouston.com
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Why PPP Is No Longer PPP Anymore?
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PPPPaycheck Protection ProgramPPP loan forgivenessPPP Tax ImplicationtaxabledeductibleNotice 2020-32IRStaxable incomecovered expensespayroll expensesC CorpHow much a C Corp would have to payS CorpSchedule EXQ CPACharlene QuahHouston BusinessesSmall BusinessesCPAFinancial ServiceTax ServiceAccountingCARES ActS-Corp