Although PPP forgiveness is a foremost topic on the minds of borrowers, many experts say borrowers should not rush to apply for forgiveness.
PPP loan forgiveness is very complicated. Burkland’s comprehensive guidance and recommendation on setting your company up for full PPP loan forgiveness.
Important clarifications in Burkland’s Covid-19 Resource Center on payroll taxes for startups who applied for PPP loans.
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.