The following information highlights the key tax issues associated with the Consolidated Appropriations Act, H.R. 133 law changes providing extensions and modifications to the employee retention credit.
PPP Loan Forgiveness
Our PPP-specific software takes the guess work out of preparing to apply for forgiveness. We are able to streamline and automate the calculations necessary to file your application and substantiate the amount of your loan that qualifies for forgiveness. This is done through the software’s payroll integration, which allows for:
You will receive detailed reports to compare multiple scenarios, allowing you to file your application when it is most beneficial to you.
When you are ready to file your application, we will provide you with:
Join Prager Metis experts on January 6, 2021, to discuss the latest COVID-19 relief measures, PPP loans, and numerous tax law changes.
On the evening on October 8, 2020, the Small Business Administration (SBA) in conjunction with the U.S. Treasury issued additional guidance for small Paycheck Protection Program (PPP) loans of $50,000 or less, along with a new PPP loan
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