As companies continue to utilize the Paycheck Protection Program (PPP), some are still applying for funds, some are navigating the forgiveness process and others are now facing a PPP audit.
No matter where your company stands in the PPP process, it can be difficult to know what to do and what to expect.
In this episode of the Wrap, Adam West, CPA (Warren Averett’s in-house PPP expert) and Mark Woods (Senior Vice President and SBA Executive Director at Southpoint Bank) join our hosts to discuss the current state of the PPP program, what the future may hold for PPP and what it all means for companies looking to take advantage of it.
After listening to this episode, you’ll be able to:
- Grasp the current landscape of PPP lending and know if there are any remaining available PPP funds
- Move forward with tips for pursuing PPP loan forgiveness
- Gain a basic understanding of who is being audited and what is being considered in the PPP auditing process
- Understand how PPP and the Employee Retention Tax Credit relate to each other when it comes to eligible wages and loan forgiveness
- Know how Shuttered Venue Grants and the Restaurant Revitalization Fund interplay with PPP
- Gauge the longevity of the PPP program
Resources for Continued Learning:
- Blog Post: Employee Retention Tax Credit (ERTC) [What Companies Should Know]
- Blog Post: Frequently Asked Questions about Shuttered Venue Grants Answered
- Blog Post: Restaurant Revitalization Fund
- Podcast Episode: How Do I File for PPP Loan Forgiveness?
- Resource Page: Warren Averett’s COVID-19 Resource Page
This episode reflects our views at the time it was recorded. Information within should be used as reference only. We recommend that you talk to your Warren Averett advisor, or another business advisor, for the most current information or for guidance specific to your organization.
