The COVID-19 pandemic caused an unprecedented situation from which many businesses have not fully recovered.
The CARES Act, provided assistance to help businesses, through the U.S. Small Business Administration (SBA) . One of the most impactful has been the Paycheck Protection Program (PPP), designed to provide access to funding so businesses can keep paying their employees and other expenses such as health insurance premiums, rent, mortgage interest payments and utilities.
WE ARE HERE TO HELP If your organization received a loan under the Paycheck Protection Program (PPP) in 2020, now is the time to apply for loan forgivness, if you have not done so already. Contact us to help guide you. We can assist you with your questions and the follow:
If you received a PPP loan in 2021 we can help you with strategies for full loan forgiveness and maximizing your 2021 Employee Retention Credit, if eligible. We can also assist you with the preparation with your loan forgiveness application.
OTHER RESOURCES TO EXPLORE KatzAbosch has been on the forefront of monitoring and providing guidance on this important financial relief for businesses since its initial release. Many of our clients have been asking for assistance, so if you are having difficulties with the calculation or would like to discuss your business planning strategy, please feel free to reach out.
FREQUENTLY ASKED QUESTIONS:
CONNECT WITH OUR TEAM If you have questions about what PPP best practices and business strategies apply to your organization’s situation, please contact us. We are happy to discuss your unique situation.