WebPPP Loan Forgiveness Application Form 3508S Revised January 19, 2024 OMB Control No.: 3245-0407 . Expiration Date: 9/30/2024 . A BORROWER MAY USE THIS FORM ONLY IF THE BORROWER RECEIVED A PPP LOAN OF $150,000 OR LESS . Business Legal Name (“Borrower”) DBA or Tradename, if applicable WebJan 6, 2024 · Employee Detail: This report lists employees by name along with addresses, birth dates, hire dates, termination dates, pay rates, and tax information. Pay rate …
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WebDan R. Travis CPA. Nov 2024 - Present1 year 6 months. Rockford, Michigan, United States. Accounting, tax, and consulting services (non-attestation) for non-public clients. WebDec 13, 2024 · Paycheck Protection Program (PPP) rules allow loans received by S corporations to be forgiven up to the amount of certain eligible expenses, including … cmv lymphadenitis
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WebMay 6, 2024 · The PPP loan forgiveness is treated as extinguishments of debt under ASC 405-20 once the SBA has approved the forgiveness as this is when the loan holder is legally released from being the prime obligor under the liability (ASC 405-20-40-1). For example, if $80,000 is approved for forgiveness by the SBA, the loan would be reclassified to income ... WebOct 2024 - Present1 year 7 months. Denver, Colorado, United States. - Partnership loan and process navigation, management, advisory. - Relationship building, account management, … WebThe PPP loan is a bookkeeping entry. When you received the money, from your PPP loan, it would be a Debit to Cash and a Credit to Loans (liability). As you pay yourself, you would … c a heren pantalons