PPP Tips: 6 Things to Discuss with Your Accountant Now

“Many sought a lifeline in the Paycheck Protection Program (PPP) passed under the $2.2 trillion CARES Act earlier this year. But even as these forgivable loans may help keep businesses afloat and workers employed, the rules are in flux and ambiguous. Even specialist financial advisors are steering their clients as though navigating at night by the stars, rather than by precision GPS.

The banks providing the loans have asked recipients to hold off on submitting forgiveness applications, as even they try to come to terms with how it’s all supposed to work. So if you are feeling anxious that you don’t quite understand how to get your loan forgiven, know you are not alone.”

→ Read the full article at Kiplinger to learn what small business owners should be asking their financial advisors to maximize PPP loan forgiveness.