by Dave Moja | Aug 12, 2020 | Tax Tips |
ISSUE The Small Business Administration (SBA) released new PPP FAQs on August 4, 2020. We wish they were more robust. One of the issues covered is offers to rehire workers and how that works with the potential reduction in FTE. SITUATION Marathon Bible College (MBC)...
by Dave Moja | Jul 1, 2020 | Tax Tips |
ISSUE Happy 4th of July! With all of the “guidance” flying around about the PPP, PPP Flex, etc. There is a lingering question about the maturity dates for “unforgiven” portions of PPP loans. SITUATION Idaho Theological Seminary (ITS) is a private college exempt...
by Dave Moja | May 20, 2020 | Tax Tips |
ISSUE Guidance for charting/tracking payroll costs for Paycheck Protection Program (PPP) Loan Forgiveness has been issued in the instructions for the Small Business Administration’s (SBA) PPP Loan Forgiveness Application. SITUATION Idaho Theological Seminary (ITS) is...
by Dave Moja | May 6, 2020 | Tax Tips |
ISSUE The SBA has clarified whether expenses paid for housing allowances could be included in “payroll costs” when figuring the amount of spending on covered costs during the 8-week period after receiving PPP funds. This can be important for applying for “PPP...
