COVID-19 Update: Beaird Harris has shifted a significant number of our team members to work remotely.
We continue to serve and care for our clients, just as we always have, and are available by phone, video or email.
Beaird Harris will be closed on Friday, July 3rd in observance of the Independence Day holiday.
August 19, 2020
General Loan Forgiveness – This section contains three FAQs.
Payroll Costs – This section contains eight FAQs.
Payroll Costs for Employees – The FAQs address other payroll cost questions that include partial pay periods, commissions/bonuses, group health benefits, retirement expenses, and expenses incurred or paid outside the 8-week or 24-week covered periods.
Non-Payroll Costs – This section includes seven FAQs.
Forgiveness Reductions – This section includes five FAQs.
The burning question for many is: With the issuance of the updated FAQs, is it time to apply for PPP loan forgiveness?
We know this process has been complex, confusing and very frustrating. However, much progress has been made and we’re hopeful that streamlined forgiveness for most PPP borrowers is just around the corner – that certainly seems to be the intent of Congress.
As always, if you have any questions or concerns on how to navigate the PPP loan forgiveness application process, please reach out to your trusted tax advisor.
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