Berntson Porter Coronavirus Resource Center Details.


LIKE WHAT YOU READ? Share this article :

New PPP Forgiveness FAQs Issued


On August 4th, the SBA released additional FAQs addressing forgiveness of PPP loans. The FAQs clarify and provide examples for some common questions and calculations required on the forgiveness application. The FAQs include clarification on eligible payroll & non-payroll costs as well as loan forgiveness reductions. See the complete FAQs here.

The new FAQs continue to leave many questions unanswered, including questions regarding early forgiveness application when using a 24 week covered period. Congress is currently considering additional legislation which may provide additional targeted assistance for small businesses which have been significantly impacted by the pandemic. This legislation may also address the tax deductibility of PPP covered expenses.

As always, Berntson Porter will continue to monitor and provide updates as new information develops and new guidance is released. Visit our Resource Center for up-to-date information about COVID-19 legislation that impacts you and your business. Additionally, if you would like to work with the Berntson Porter team on PPP loan forgiveness, please complete and submit the PPP Assistance Form linked here.



New Name, Same People and Service You’ve Known for Years.

Berntson Porter is excited to announce that we are now part of CBIZ & MHM (Mayer Hoffman McCann P.C.). Together, CBIZ & MHM are one of the nation’s Top Ten accounting providers, and Berntson Porter is honored to be joining them. We are pleased to be able to offer the same people and the same service you’ve known for years under a new name: CBIZ Berntson Porter. Please click here for more information.