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Apr 26, 2024 · You will need the following information: Loan Number. Register. I will be conducting a weekly PPP Q & A and COVID-19 EIDL Session, on every Friday, from 9a – 10a, to address any questions you may have and to show you how to complete the process for requesting Forgiveness for your PPP Loan.
May 9, 2024 · The SBA PPP loan forgiveness process can be complicated, and denial can have serious financial consequences for small businesses. As a CPA, you can play a critical role in helping clients prepare ...
May 1, 2024 · By Bill Cunningham. This is a blog on how to apply for Program Protection Program (PPP) loan forgiveness Form 3508S for self-employed individuals with no employees. The blog will help you calculate owner replacement compensation or the amount that you paid yourself.
Can I still get a PPP loan? The Small Business Administration previously offered a type of payroll loan called the Paycheck Protection Program (PPP) during the coronavirus pandemic, but the program ended May 31, 2021. Existing PPP borrowers are eligible for loan forgiveness on the total balance used, provided they maintained employee retention ...
Apr 26, 2024 · The SBA also offers Economic Injury Disaster Loans (EIDLs) for those in a government-declared disaster area. During the COVID-19 pandemic, it also offered special EIDLs and Paycheck Protection Program (PPP) loans, although those programs are no longer accepting applications. SBA loans include:
Apr 30, 2024 · Form 3 Partnership Income: Debt is reported on Form 3 based on amounts from U.S. Form 1065, line 75 (“Other Liabilities”). A disclosure should also be made on Form 3, line 53 “during the year the partnership had any debt that was cancelled, was forgiven, or had the terms modified so as to reduce the principal amount of debt.”
May 3, 2024 · The bill would extend the application deadline for initial PPP loans from June 30 to December 30, or longer, at the discretion of the Small Business Administration (SBA), and would use existing PPP funding to make P4 loans.
