PPP Loans & Tax Audits: What Your Business Needs To Know

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We’ll look at what businesses will be audited, what these audits will look like, and answer some FAQs about the PPP audits. If you’re a recipient of a PPP loan, you may be wondering if your business is going to be investigated. On April 28, Treasury Secretary Steven Mnuchin announced that any organisation that receives more than$2 million as a loan will be audited. PPP loan tax audits will be performed when services look for loan forgiveness. The word “audit” can strike fear in even the most orderly service owner, but there’s no reason to fear the PPP audit.

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