PPP Loan Forgiveness
May 05, 2020•18 min•Ep. 16
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Episode description
Quote
“Don’t try to game the system with these. The government is going to be really scrutinizing the details with this.” - Jody Grunden
The finer details of this episode
- Which expenses are included in loan forgiveness
- What you should do if your business uses contractors
- How to approach documentation
- What you need to know about the regulations and guidelines
- The timing and process to obtain forgiveness
- How to work with any loan that isn’t forgiven
- Do you need to pay taxes on the loan forgiveness?
Episode resources
- Summit CPA website - www.summitcpa.net
- Email us with questions/comments- vcfo@summitcpa.net
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