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

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We’ll look at what companies 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 questioning if your organisation is going to be investigated. On April 28, Treasury Secretary Steven Mnuchin announced that any business that gets more than$2 million as a loan will be examined. PPP loan tax audits will be performed when companies seek loan forgiveness. The word “audit” can strike fear in even the most organized organisation owner, however there’s no factor to fear the PPP audit.

We’ll look at what companies will be investigated, what these audits will look like, and address some FAQs about the PPP audits. PPP loan tax audits will be carried out when services look for 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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