PPP loan forgiveness is very complicated. Burkland’s comprehensive guidance and recommendation on setting your company up for full PPP loan forgiveness.
Collections process efficiency is important during the COVID-19 crisis. As a startup you need to have as much cash on hand as possible.
Start reducing costs now due to the COVID-19 crisis. Work on having a 24+ month cash runway along with implementing these strategies.
Here are three tools to help you extend your cash runway if you are worried that current world events might impact your startup.
COVID-19 Scenario Planning for Startups – 1 of 3 articles on COVID-19 planning for startups. Templates included along with the approach and framework.
Important clarifications in Burkland’s Covid-19 Resource Center on payroll taxes for startups who applied for PPP loans.
The Research and Experimentation Tax Credit, (R&D Tax Credit), allows companies to deduct expenses directly related to research and development.
The latest (4/9) Treasury Department clarification regarding shareholder affiliation, salary caps plus the lastest listing of banks participating in the CARES act.
Latest (4-7-2020) CARES Act and PPP info summarized with the new critical developments. Payroll costs do not include independent contractor costs.
Tax deadlines during the COVID-19 outbreak have changes in San Franscico and New York city. Review the latest changes to tax deadlines.