Posts Tagged ‘ppp’
About PPP loans and your taxes
If you applied and received a PPP loan in 2020, there are a few things to keep in mind regarding your taxes. The COVID Relief bill that was passed at the end of December included a declaration that expenses paid with PPP are deductible. It also established that PPP funds are not considered business income.…
Read MoreOnline Learning Opportunities for PPP Loan Forgiveness
At Halsey Resources, we wanted to share a few online events we are aware of for learning more about PPP Loan Forgiveness through the Small Business Association. The following events offered through the Washington Small Business Development Center (SBDC). This is a network of more than 30 expert business advisors working in communities across the…
Read MoreGetting your documentation ready for your PPP forgiveness application
Yes, you can still apply for PPP forgiveness! But before you do, you need to make sure you’ve got all your records and required documents in place. Below is a list of all required documents you will need to gather to accompany your PPP loan forgiveness application. Note that your lender may have additions to…
Read MorePPP Forgiveness Tool now available!
At Halsey Resources, we want to make sure you are aware of anything out there that might help you navigate this new normal we are all working in. Here is a link to a newly launched, free tool that was created to help business owners submit the forgiveness application for Paycheck Protection Program (PPP) loans.…
Read MorePPP Flexibility Act Signed On June 5th, 2020, Has More Flexibility With Forgiveness Requirements
Below is a recap from the Journal of Accountancy on the new changes to the PPP loan. Much of what many have been doing for compliance (with the original law) may no longer be correct based on the new changes. Changes include: LAYOFFS NOW RECOMMENDED: It is now recommended that employers layoff the employees that…
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