Many Arizona businesses received SBA 薪水保护计划 (购买力平价) loans. Our SBA 薪水保护计划 (购买力平价) task force helps businesses and nonprofits navigate the forgiveness process. They are familiar with the 购买力平价贷款宽恕 Application, which is complex and complicated, and can answer your questions.
The pandemic relief package (Consolidated Appropriations Act, 2021) gives a break to the hardest-hit small businesses by reopening the 薪水保护计划 and offers them the ability to apply for a second loan. The new round of loans will be limited to those with fewer than 300 employees that have experienced drops of at least 25% in revenue during any quarter of 2020 compared with the same quarter in 2019.
1月6日, 2021, the 国税局 and Treasury Department issued guidance allowing deductions for the payments of eligible expenses when such payments would result, 或期待结果, in the forgiveness of a covered loan under the 薪水保护计划 (购买力平价).
As more banks start accepting forgiveness applications, 购买力平价 borrowers need to know what to do to obtain maximum forgiveness, including required documentation for forgiveness application forms.
加入Stephen J. 注册会计师罗迪斯和马克R. ku游娱乐app, CPA in an ASCPA live online webcast on June 20, 2020, about current 购买力平价 tax issues and status of forgiveness portion of the 购买力平价 loan program, including financial reporting options.
President Trump signed the 薪水保护计划 Flexibility Act of 2020 modifying certain provisions related to 购买力平价 loan forgiveness. One important modification allows recipients of loan forgiveness to defer payroll taxes.
5月15日, 2020, the SBA published its 购买力平价贷款宽恕 Application, 指示, providing some clarity about allowing borrowers to use their regular payroll schedule. Borrowers were concerned about matching their payroll cycle to the testing or covered period in the forgiveness formula.