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First Look at Applying for PPP Loan Forgiveness

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Loan forgiveness is a vital feature of Paycheck Protection Program (PPP) loans. The Small Business Administration (SBA) has now made the loan forgiveness application and accompanying schedules and instructions available so organizations can begin the process of applying to have their loans forgiven.

We’ve put together an article discussing the major guidance contained within the application and instructions. You can read or download it here:

Read the Article > 

Note: This article was updated on May 21, 2020 to add clarifying information about the Alternative Payroll Covered Period.

We also discussed this topic during  our “First Look at Applying for PPP Loan Forgiveness” webcast.  Watch the recording here.

Please contact us online or at info@capincrouse.com with questions. We are here to help.

Ted Batson

Ted serves as partner, tax counsel, and Professional Practice Leader – Tax. As a certified public accountant and tax counsel, Ted advises exempt organizations of all sizes on a wide range of issues. This includes consulting on tax and employee benefit related matters, representation before state and federal tax authorities, and assistance with firm audit or advisory engagements to formulate advice and counsel on important operating and tax issues. Ted also leads the firm’s tax preparation practice, including IRS Forms 990 and 990-T and related state forms.

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