Blog

PPP Loan Forgiveness Calculations Have Changed

 
PAYCHECK PROTECTION LOAN UPDATE:
Make sure to read our Update from 6/4/2020, as there is lots of information in there that is very important to the changes in forgiveness calculations.  The updated forms and corresponding guidance released yesterday filled in a lot of missing gaps and we have summarized that information below:

8 weeks can now be 24 weeks - In an effort to make forgiveness more attainable the new guidance allows one to choose either an 8 week calculation period or...

Read More >>

PPP Loan Forgiveness Law Change – 6/4/2020

PAYCHECK PROTECTION LOAN UPDATE
If you have not applied for the Paycheck Protection Program Loan – there is still time! Over $100 billion remains in the program, please contact us if you’d like to find out if you qualify.

Last week the House passed legislation to make some positive changes to the Paycheck Protection Loan program and last night the Senate passed the law by voice vote, clearing the way for the President’s signature which should occur at some point today. Below are the...

Read More >>

PAYROLL PROTECTION PROGRAM LOAN FORGIVENESS

PPP LOAN FORGIVENESS CALCULATION

If you were one of the lucky few to get your loan approved and has either already received the funds in hand or a SBA loan number than skip to below to learn about the Forgiveness Calculation . If you do not have funds in hand or an SBA loan number than you do not have a loan.

Paycheck Protection Program

As of the writing of this update, our amazing congress is still in debate on the passage of the 2 nd round...

Read More >>

Covid-19 Resources from Eger CPA

Business is not running “as usual” right now, and a lot of resources have been put in place to help during this crazy time. Eger CPA is working hard to help our clients through these many adjustments, and we have put together a list of resources to help with your most Frequently Asked Questions. Please follow the links provided to access the different tools.

ECONOMIC IMPACT PAYMENT

The IRS has created the Get My Payment tool on the IRS website. You can use...

Read More >>

SBA Paycheck Protection Loan Program Request List

 

Coronavurs SBA Checklist Eger CPA.pdf

 

The Federal Government recently signed into law the CARES Act, which includes money to help small businesses during the Covid-19 Crisis. Although the application process is still being put together, here is a list of items that we believe that they will ask for in order to receive an SBA Loan.

Read More >>