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 address some FAQs about the PPP audits. On April 28, Treasury Secretary Steven Mnuchin revealed that any company that receives more than$2 million as a loan will be examined. All loans over $2 million will be completely investigated, while area checks will be carried out on smaller loans. PPP loan tax audits will be performed when organisations seek loan forgiveness. The word “audit” can strike fear in even the most organized business owner, however there’s no factor to fear the PPP audit.

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

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