The Simplified Approach to PPP1 & PPP2 Debt Forgivenesses! | Forgiveness Under 150K

You should definitely wait to apply for forgiveness of your PPP/ PPP2 (Paycheck Protection Program) loan at this point if your loan amount is under $150K. What is now a long and complicated form will soon be unnecessary as a much simpler (hopefully one page) form will take its place. Larry Gray, CPA and Debbie Cook, CPA walk you through what time period the loan expenses must be used and what new qualified expenses are included as qualifying for complete forgiveness. We may have packed this video with too much information but we wanted to make sure you didn't miss anything!

Don't miss step 1 in our PPP2 series:
A Walkthrough of PPP 2 | How to Qualify for Round Two 👉 https://youtu.be/2ddcFBIYPe8

Make sure to hit the bell icon to get notified when we release steps 3 and 4 of our PPP Second Draw series where we'll tackle more on deductibility and forgiveness of the loan.

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Other PPP videos:
Protect Your Small Business With These Forgivable Loans 👉 https://www.youtube.com/watch?v=6EmQujt9JmA
How to Easily Qualify for NEW $50K PPP Debt Forgiveness | 3508S 👉 https://youtu.be/gKtmmI7C7zI
3 Ways for YOU to Qualify for 3508EZ | PPP Debt Forgiveness 👉 https://youtu.be/BjxAHA8gjL4
Form 3508EZ Complete WALKTHROUGH 👉 https://youtu.be/Vx1vJXhSpE4
PPP Debt Forgiveness: How to Define FTE on Form 3508EZ 👉 https://youtu.be/bxY6L46oYvk
PPP Loan- Cancellation of Debt Not Taxable 👉 https://youtu.be/o9Cqs5mHkxg
PPP Debt Forgiveness 3508EZ | Definitions and Documentation 👉 https://youtu.be/nwWFvE2DTso
PPP Loan Extension Update | 10 Month Extension? 👉 https://youtu.be/vWq5pW4Hwh0
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AGC Solutions does not provide tax, legal or accounting advice. This content has been prepared for informational purposes only and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Also, tax law is ever-changing and every effort should be made to seek out the most current information. Make sure to check date of published content to ensure most current information.

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