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Accounting for the PPP Loan and PPP Loan Forgiveness
It's important to understand the variety of accounting approaches that may be used for reporting of PPP Loans and PPP Loan Forgiveness.
paloisio
Aug 16, 20224 min read
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PPP Loan Forgiveness Update
Oct 26 the Federal Register published a document from the SBA referencing the PPP loan forgiveness process & started a 30-day comment period
paloisio
Aug 16, 20225 min read
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Main Street Loan Program Change and Update
The MSLP program loans previously had a minimum of $250,000, but that has now changed to $100,000. Additional updates have been made.
paloisio
Aug 16, 20221 min read
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PPP Loan Forgiveness and Change of Ownership
When a company has a PPP loan the M&A process is complicated for companies and lenders. Does the SBA need to approve change of ownership?
paloisio
Aug 16, 20223 min read
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What Should You Know About PPP Loan Forgiveness?
Companies are questioning how to receive confirmation of the forgiveness of their Payroll Protection Program loan. Here is what we know...
paloisio
Aug 16, 20222 min read
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Focus Management Group: April Month in Review
Each month we will be posting an overview article that covers our recent company articles, announcements, and insights. Below is for April.
paloisio
Aug 16, 20222 min read
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ALERT: PPP Additional Scrutiny Over $2 Million
Be alert that there will be additional scrutiny for any PPP loan over $2 million prior to forgiveness.
paloisio
Aug 16, 20222 min read
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Coronavirus Response: Main Street Loan Program
Under the CARES Act, small businesses have access to the Payroll Protection Program (“PPP”) which is expected to receive additional funding
paloisio
Aug 16, 20223 min read
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Part 2: Accounting for the Payroll Protection Program - Working Capital Impacts
Last week we discussed the income statement. This week, we will discuss the accounting for the PPP funds and working capital management.
paloisio
Aug 16, 20223 min read
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Accounting for the Payroll Protection Program
Companies are quite creative when it comes to accounting for unusual items such as the Payroll Protection Program. What will you likely see?
paloisio
Aug 16, 20223 min read
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