"Advising clients on PPP loan forgiveness," Accounting Today
Posted On September 8, 2020
In an article published by Accounting Today on September 4, 2020, Florence-based Chief Executive Officer and Shareholder C. Pierce Campbell
discusses the next step for businesses that took a government loan through the Paycheck Protection Program. He provides insight into how accountants, tax professionals and auditors can advise clients on the forgiveness application process to ensure they are not saddled with debt they cannot afford.
“There are several steps that you can take to aid companies to increase the likelihood of PPP loan forgiveness,” explains Campbell. “Be thorough, be conservative and be educated.”
Campbell further explains that, “Being prepared for any outcome is prudent while waiting on PPP loan forgiveness.”
It is important to remember that while working PPP loan forgiveness, business owners should discuss with their finance teams several other matters to capture all of the benefits of COVID-19-related legislation.
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