This section focuses on all aspects of PPP loans.  There are articles on general principles, forgiveness and considerations around these loans.
 
There is a good deal of concern among borrowers about the pronouncements the Government has made since the original PPP loan instructions and guidelines were issued. This article addresses ways in which business owners can address those concerns by documenting their thoughts and analysis regarding the situation and outlook for their company.
 
On 04/3/30/20 the IRS issued Notice 2020-32, ruling that otherwise allowable deductions for payroll, rent and the like that are used in determining the amount of a loan to be forgiven under the PPP Loan Program are deemed to be NON deductible.
 
Accounting Firm JT Shulman and Co CPAs have provided the very helpful information reproduced below on the program by which Employers may defer the payment of their portion of Payroll Taxes.
 
This is a very interesting map and article describing the regional distribution of PP Loan approvals up to the point where the fund ran out of money. 
 
The intention behind this forgivable loan Program is to make it possible for businesses to keep on workers who would otherwise have to be furloughed, and such companies can receive up to eight weeks of cash-flow assistance.
 
This program is designed for employers who expect to be able to keep about the same number of employees as they had before the pandemic. If you don’t think that this will be the case, then you may be better off applying under the Employee Tax Retention Credit program.
 
 This is an example of a Maximum Loan Calculation for the 12 month period of 2019.