Let the PPP Blame Games Begin

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Show Notes

03:34 - Get Down with PPP - YouTube06:24 - Bankers Rebuke S.B.A. as Loan System Crashes in Flood of Applications - NYTimes08:08 - SBA, Treasury ban use of RPA to submit PPP loans - Journal of Accountancy09:03 - Mnuchin sends top deputy to fix small-business loan mess - Politico09:46 - Steven Mnuchin goes after private schools with big endowments - Twitter12:00 - Update: Latest in regulations and government changes prompted by COVID-19 - Armanino12:40 - Mnuchin: All PPP Loan Recipients Will Face Audits - PYMNTS.comJustice Department investigating possible PPP application fraud - CNBC13:56 - IRS: Companies who receive PPP loans will not qualify for tax deductions - The Hill17:32 - Hotelier’s Push for $126 Million in Small-Business Aid Draws Scrutiny - NYTimes21:47 - Gene Marks says blame banks and big businesses:Shake Shack handed back its $10m loan. But that's no reason to applaud | Gene Marks - The GuardianAmerica's big banks should be ashamed of themselves - The Hill25:17 - AICPA makes PPP loan forgiveness recommendations - Journal of Accountancy25:53 - AICPA challenging nondeductibility of PPP-related expenses - Journal of Accountancy28:05 - SMBSNew Data: Separating The PPP Haves, Have Nots and Don’t Wants - PYMNTS.com28:40 - More PPP Discussion from Episode 17229:00 - PPP Is No Panacea, But Is Crucial To SMB Outlook - PYMNTS31:48 - Fed Turns To Banks For Feedback On Main Street Lending Program - PYMNTS.com35:00 - BREAKING NEWS: Windows Update Causing QuickBooks to Crash - Insightful Accountant

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Transcript

Wouldn't it be great if your small business clients could offer big company benefits to their employees, plus automated payroll, compliance support and HR tools? By using Justworks, you can offer these four essential services to your clients via one simple platform. Stay tuned to hear more from our sponsor, Justworks, later in the episode.

 

[00:01:13] 

PPP, how can I explain it? 

I hope you will obtain it. 

If you listen, I will show you how to claim it. 

It's a program that they made for a virus called Corona. 

They give you free money 'cause you gotta stay at homa. 

The first P's for Paycheck. 

You may think you know what that is. 

Boss gives you moolah, shekels, lettuce, scratch, or cabbage. 

That part is true, but what if you are self-employed? 

Profit counts as payroll, so your biz don’t get destroyed. 

The other P’s Protection,...