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...
by KNSS | Jul 20, 2020 | July 2020 Newsletter, PPP Forgiveness
For many of you, the initial 8-week PPP Covered Period ended, and we?ve received a lot of inquiries about helping submit the forgiveness paperwork to their lenders. Please be patient as there is no rush. For starters, the Covered Period is now 24 weeks, so everyone is...
by KNSS | Jun 29, 2020 | PPP Forgiveness
The rules concerning whether retirement plan contributions and health insurance premiums paid on behalf of practice owners can be included in the PPP forgiveness calculation were revised yet again. According to the SBA on Page 4 of the information available at:...
