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

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We’ll look at what businesses will be examined, what these audits will look like, and answer some FAQs about the PPP audits. On April 28, Treasury Secretary Steven Mnuchin revealed that any service that receives more than$2 million as a loan will be examined. All loans over $2 million will be totally investigated, while area checks will be carried out on smaller loans. PPP loan tax audits will be performed when organisations look for loan forgiveness. The word “audit” can strike worry in even the most orderly organisation owner, however there’s no reason to fear the PPP audit.

We’ll look at what companies will be investigated, what these audits will look like, and respond to some FAQs about the PPP audits. PPP loan tax audits will be carried out when organisations look for loan forgiveness. The word “audit” can strike fear in even the most orderly business owner, but there’s no factor to fear the PPP audit.

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