PPP LOAN FORGIVENESS – SOME CLARITY WOULD BE NICE!
Now that many small businesses have received their PPP loans, we are all trying to make sense of the Forgiveness Rules. BiggsKofford is assisting clients by forecasting the forgiveness amounts and we’ve developed forgiveness calculators to assist you with the process. We are reading and interpreting these Forgiveness Rules in “real time”. But even still, many questions remain unanswered.
If you’re struggling to understand the Forgiveness Rules, we’re happy to help. But, we also may not have all the answers – because additional guidance is needed from the SBA.
Below is a link to a great article published this morning on Forbes.com. Written by Anthony Nitti, a Senior Contributor to Forbes and Tax Partner at a Colorado CPA Firm. Anthony does an excellent job at clearing up much of the confusion of the application process, as well as forecasting some very real potential pitfalls of the forgiveness process. We sincerely appreciate Anthony’s succinct assessment of an extremely complicated situation.
If you are a “PPP Loan Geek” like us, you might like this article:
Ten Things We Need To Know About Paycheck Protection Program Loan Forgiveness
Thank you again to Anthony Nitti for a great article.