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

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

We’ll look at what services will be audited, what these audits will look like, and respond to some FAQs about the PPP audits. PPP loan tax audits will be carried out when businesses seek loan forgiveness. The word “audit” can strike fear in even the most organized organisation owner, but there’s no factor to fear the PPP audit.

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