Terrence K. Rice, CPA has put together an excel sheet to calculate PPP loan forgiveness estimated amount. PPP loans will be forgiven to the extent the recipient uses the funds for eligible expenses and maintains its workforce as specified in the Act.
REQUEST BY EMAILING TO TERRY7131@GMAIL.COM
Small Business Administration has provided low-interest loans to certain small businesses (generally those with 500 or fewer employees) and self-employed individuals for the purpose of covering payroll and other eligible expenses for an eight-week period. Businesses receiving PPP loans are not eligible for the Employee Retention Credit. Businesses that have PPP loans forgiven will not be eligible for payroll tax deferral for amounts due after the date the business is notified by the lender of such forgiveness. Payments on PPP loans are deferred for at least six months and not more than 12.
Sec. 1106 of the CARES Act provides that PPP loan forgiveness is excluded from the recipient's gross income. In a Notice, the IRS has clarified that no deduction is allowed for an expense that is otherwise deductible if both (1) the payment of the expense results in forgiveness of a loan made under the Paycheck Protection Program and (2) the income associated with the forgiveness is excluded from gross income pursuant to CARES Act.
Hi everyone, I've seen comments from people who have already received a loan from Anderson Loan Finance. I sincerely thought it was a scam, and then i decided to apply based on their recommendations because I really needed a loan. A few days ago, I confirmed in my personal bank account the amount of $ 12,000.00 I requested for a business with a 2% interest rate. This is really good news and I am happy to advise anyone who needs a real loan and who is very sure that they will repay the loan, contact them by Email. (fax) +1 315-329-6320.
ReplyDeleteThey can lend you a loan!
Contact Mr. Anderson
Email: andersonraymondloanfinance@gmail.com
Phone: +1 315-329-6320
Visit the office at @ (68 Fremont Ave Penrose CO, 81240)..