by KNSS | Feb 8, 2021 | 2021 February Newsletter, COVID Misc Practices, PPP Forgiveness
According to the Top-line Overview of First Draw PPP loans available at: https://www.sba.gov/document/support-top-line-overview-first-draw-ppp PAYCHECK PROTECTION PROGRAM FIRST DRAW LOANS SBA is reopening the Paycheck Protection Program (PPP) for First Draw Loans the...
by KNSS | Feb 8, 2021 | 2021 February Newsletter, COVID Misc Practices, PPP Forgiveness
Our clients are starting to receive their PPP2 loan proceeds. We just want to remind you how to spend that stimulus money so the full amount will be forgiven. According to an article in the Journal of Accountancy available at:...
by KNSS | Oct 12, 2020 | 2020 October newsletter, PPP Forgiveness
The SBA recently issued Form 3508S (https://home.treasury.gov/system/files/136/PPP-Loan-Forgiveness-Application-Form-3508S.pdf) which greatly simplifies the loan forgiveness application for practices that received PPP Loans of less than $50k. If you complete the...
by KNSS | Oct 5, 2020 | 2020 October newsletter, PPP Forgiveness
Practice owners who received the PPP loan earlier this year had 24 weeks to spend the funds on certain payroll and facility expenses to qualify for full forgiveness of that loan. For many of our clients, the 24-week Covered Period has recently ended. Did you know that...
by KNSS | Aug 24, 2020 | August 2020 Newsletter, COVID-19, PPP Forgiveness
According to the Paycheck Protection Program Loan FAQs #46 as of August 11, 2020 available at: https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf: Question: How will SBA review borrowers required good-faith...
by KNSS | Aug 10, 2020 | August 2020 Newsletter, PPP Forgiveness
Below is a list of “Frequently Asked Questions” put together by our friends at TD Bank to help answer some of their clients’ questions. This info should be helpful to anyone who received a PPP Loan. Loan Forgiveness Q: How do I apply for loan...
