PPP Loan Forgiveness (Update), What Business Owners Need to Know - a podcast by Summit CPA Group

Quote

“Documentation is key when it comes to calculating how much forgiveness you have.” - Jamie Nau 

 

The finer details of this episode 

• Changes related to compensation of employees and owners 
• Rules for bonus and hazard pay for your employees 
• Limits on owner compensation 
• Changes that self-employed and partner filers can expect 
• What this means for you based on your number of employees 
• Rehiring procedures and requirements 
• Forgiveness of interest 
• Utilities and expenses in loan forgiveness 
• How to calculate your payroll for loan forgiveness 
• How these changes can be beneficial to your business 

 

Episode resources

• Summit CPA website - www.summitcpa.net
• Email us with questions/comments- vcfo@summitcpa.net  

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