Some businesses that have received a Paycheck Protection Program (PPP) loan have employees that are not returning to work. These businesses are worried that their loan forgiveness amount will be lowered because they do not have these same employees anymore. The SBA as of May 19, 2020 have answered this question. Please join Larry Gray as he explains this answer for you. Make sure to watch until the end because there are implications for that employee that doesn't return to work! 

#ppp #paycheckprotectionprogram #paycheckprotectionprogramselfemployed #paycheckprotectionprogramsba #ppploan ____________________________________________________________


Please subscribe to our channel to continue receiving updates about everything the stimulus package has to offer! Larry Gray, CPA discusses topics such as CARES Act: Refundable Employee Retention Credit, Employee Retention Credit, Paycheck Protection Program, Economic Disaster Loan, paid sick leave, and qualified expanded family and medical leave. These are things you might have heard referred to as stimulus loans,  stimulus unemployment,  paid sick leave, and stimulus tax credits. We have linked some of these videos below:

Small Business WITH Employees: Here are YOUR Stimulus Options- https://youtu.be/VWc_JNhbypY

Everything You Need to Know About Coronavirus Stimulus Packages: https://youtu.be/SfL5jcPU2As

How to Qualify for Forgivable Loans | Paycheck Protection Program |SBA Economic Injury Disaster Loan: https://youtu.be/6EmQujt9JmA

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AGC Solutions does not provide tax, legal or accounting advice. This content has been prepared for informational purposes only and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Also, tax law is ever-changing and every effort should be made to seek out the most current information. Make sure to check date of published content to ensure most current information.