May 14 Amnesty Deadline

Having second thoughts? Not sure you meet the “Need Certification” section of the application? You have until May 14 to repay your PPP loan without consequences.

Approval Process

To help ensure the funds go to businesses truly in need, Treasury Secretary Steven Mnuchin has announced a full review of all PPP loans over $2 million.

Loan Forgiveness

Unlike what many business owners believe, the 75% of the loan you spend on payroll does not make the entire loan forgivable. Don’t get caught by surprise. We can help you estimate how much of your loan is eligible for forgiveness.

Business Expenses

Congress and the Treasury Department have differing opinions about whether business owners can deduct certain expenses if their PPP loan is forgiven. We expect more guidance on this issue. It may be addressed in a future stimulus package.

Please read important disclosures here.