By Jeremy Kiecker, CPA The saying “hindsight is 20/20” has never rang truer than in 2020. It’s safe to say no one planned for a global pandemic. But now that we’ve been hit with one, we’ve seen firsthand how it’s impacted businesses across a number of industries, including those within the audiology industry. Because PWB specializes in serving the audiology industry, we’ve had a front-row seat to the struggles audiology practice … [Read more...]
PPP Loan Application Period Extended to August 8, 2020
After a surprise move by the Senate last week to extend the application deadline for the Paycheck Protection Program (PPP) by five weeks, the House approved the measure and President Trump has signed the bill. … [Read more...]
SBA Releases Revised PPP Loan Forgiveness Applications
If you have a Paycheck Protection Program (PPP) loan, keeping pace with updates and guidance can be daunting. Recently, the Small Business Administration (SBA) released revised PPP loan forgiveness applications. To ensure you’re managing your loan properly, and avoiding getting caught short when it’s time for your loan to be reviewed for forgiveness, The Journal of Accountancy, published by the American Institute of CPAs (AICPA), has published a … [Read more...]
What You Should Know About the Paycheck Protection Program Flexibility Act
By Carol J. Swenson, CPA When the Paycheck Protection Program (PPP) was instituted as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 27, 2020, business owners breathed a sigh of relief. At the same time, however, many found themselves pulling out their hair. Although generous, the ever-evolving rules surrounding the PPP were confusing and, in many ways, limiting. … [Read more...]
You Received Your PPP Loan. Now What? The Nitty Gritty on What to do Next
Congratulations! You worked with your bank, completed the application, jumped through the hoops, and now you’re approved for a Paycheck Protection Program (PPP) loan. You might even have the funds in hand. Now what? … [Read more...]
