PP&Co is pleased to announce the promotion of Scott Watters and Phuong Mayer to the position of Partner. While each has come to the position through a different path – Phuong began her professional career as a computer engineer, while public accounting was Scott’s vocational objective from the start – both share a dedication to […]
Recently the SBA, in consultation with the Treasury Department, released a 10-page document providing answers to 23 FAQs related to PPP loan forgiveness. The FAQs were segregated into the following four categories: General Loan Forgiveness Loan Forgiveness Payroll Costs Loan Forgiveness Nonpayroll Costs Loan Forgiveness Reductions Addressing the FAQs is timely, as the SBA began accepting PPP loan forgiveness applications on August 10th (subject to any legislative changes enacted by Congress). There may be good reasons to wait […]
UPDATED APRIL 9th: HERE is a list of lenders currently accepting PPP loan applications (as of 4/9). Click HERE to find eligible lenders in your area. Applications and Guidelines for the Paycheck Protection Program (PPP) have been released. As we recently indicated, the PPP, which aims to help small businesses retain (and in some cases rehire) their workers, authorizes up to $349 […]
A Summary of the Coronavirus Aid, Relief, and Economic Security (CARES) Act UPDATED APRIL 9th On Friday, March 27th, the President signed into law the CARES Act, an historic $2.2 trillion aid package designed to help the US economy weather the effects of the coronavirus/COViD-19 pandemic. The Act contains several measures to provide liquidity and tax relief […]
As by now you are no doubt aware, Governor Gavin Newsom has issued a Shelter in Place Order for California, effective March 20th. While we had been operating as an essential business under the Santa Clara and Santa Cruz County orders, the latest order exempts 16 federally defined critical sectors that excludes accounting firms. This […]
