(Don’t know what the PPP is? Read this first.)
Good news: the Senate passed another coronavirus relief package today, and the latest estimates are that there may be additional funds approved by Congress as early as Thursday. Even if there’s a delay, it’s looking like the PPP will be restarted within the next week.
What this means for you:
Of course, none of this is finalized yet and in theory any of this could change if Congress makes alterations to the PPP process or requirements. Right now, though, it’s looking likely that things will stay the same or similar to the original run. As always, we’ll keep you updated when we know more.
If you’re interested in updates on the PPP as we learn more, please sign up here:
Thanks! We’ll follow up with updates as we have them.
If you haven’t claimed the R&D tax credit for your startup, you should take a serious look at it, since companies can get back up to $250k in payroll tax credits. Pilot has produced a guide on the topic, and a service to help claim the credit. And of course, if you need help with bookkeeping, tax prep, or CFO services, please get in touch.
Subscribe for business tips, tax updates, financial fundamentals and more.
A confirmation email has been sent to