So you’ve been approved for a PP loan, it’s in your bank account, what now?
Here’s how to post the deposit in your books and apply the expenses to your loan:
The attachments will accumulate. By the end of the 2 to 3 month period, you should have enough attachments to substantiate forgiveness of most if not all of the PPP Loan.
Common Answer: It depends……. There is the IRS ‘Three-year law” State ‘Four-year law” (Depending on the state). The Six-year audit window if
What is the CARES Act? In short, the CARES Act was developed in congress, accepted by the senate, and approved by the
From this morning’s issue of my subscription with Journal of Accounting: “The U.S. Senate passed by unanimous consent a five-week extension of the
Karen is an Enrolled Agent (EA) which means she is authorized by the U.S. Dept. of Treasury to represent taxpayers, business entities, and estates before the IRS in tax preparation, audits, collections, and appeals.
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