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Show Notes

03:34 - Get Down with PPP - YouTube
06:24 - Bankers Rebuke S.B.A. as Loan System Crashes in Flood of Applications - NYTimes
08:08 - SBA, Treasury ban use of RPA to submit PPP loans - Journal of Accountancy
09:03 - Mnuchin sends top deputy to fix small-business loan mess - Politico
09:46 - Steven Mnuchin goes after private schools with big endowments - Twitter
12:00 - Update: Latest in regulations and government changes prompted by COVID-19 - Armanino
12:40 - Mnuchin: All PPP Loan Recipients Will Face Audits - PYMNTS.com
- Justice Department investigating possible PPP application fraud - CNBC
13:56 - IRS: Companies who receive PPP loans will not qualify for tax deductions - The Hill
17:32 - Hotelier’s Push for $126 Million in Small-Business Aid Draws Scrutiny - NYTimes
21:47 - Gene Marks says blame banks and big businesses:
- Shake Shack handed back its $10m loan. But that's no reason to applaud | Gene Marks - The Guardian
- America's big banks should be ashamed of themselves - The Hill
25:17 - AICPA makes PPP loan forgiveness recommendations - Journal of Accountancy
25:53 - AICPA challenging nondeductibility of PPP-related expenses - Journal of Accountancy
28:05 - SMBSNew Data: Separating The PPP Haves, Have Nots and Don’t Wants - PYMNTS.com
28:40 - More PPP Discussion from Episode 172
29:00 - PPP Is No Panacea, But Is Crucial To SMB Outlook - PYMNTS
31:48 - Fed Turns To Banks For Feedback On Main Street Lending Program - PYMNTS.com
35:00 - BREAKING NEWS: Windows Update Causing QuickBooks to Crash - Insightful Accountant

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Transcript

Wouldn't it be great if your small business clients could offer big company benefits to their employees, plus automated payroll, compliance support and HR tools? By using Justworks, you can offer these four essential services to your clients via one simple platform. Stay tuned to hear more from our sponsor, Justworks, later in the episode.

[00:01:13]

PPP, how can I explain it?

I hope you will obtain it.

If you listen, I will show you how to claim it.

It's a program that they made for a virus called Corona.

They give you free money 'cause you gotta stay at homa.

The first P's for Paycheck.

You may think you know what that is.

Boss gives you moolah, shekels, lettuce, scratch, or cabbage.

That part is true, but what if you are self-employed?

Profit counts as payroll, so your biz don’t get destroyed.

The other P’s Protection,...

Let the PPP Blame Games Begin

The Accounting Podcast

Let the PPP Blame Games Begin