Ready to have your PPP loan forgiven? Working with a professional bookkeeping and controller services provider can make the process much easier.
Note: Please visit the Small Business Administration's PPP website for the current details.
Forgivable Paycheck Protection Program (PPP) loans can be a lifesaver for small businesses — provided those businesses follow all the steps required to actually have a loan forgiven. It can be a challenging process, which is why many businesses have turned to professional bookkeepers rather than go the DIY route.
Bookkeepers Know the PPP Procedures
Professional bookkeepers stay on top of all the Small Business Administration bulletins pertaining to the PPP program — bulletins like Interim Final Rule on Revisions to the Third and Sixth Interim Final Rules. Wondering how a rule can be both "interim" and "final" (not to mention why a final rule would need revision)? Well, let's just say that despite the government's best intentions, PPP loan forgiveness is a moving target. That's why you should seek assistance from somebody whose job it is to keep up with the changes.