Dallas Platinum Partners LLC

08/31/2021

The following is an article published by Grant Thornton LLP on August 19, 2021.

Do you qualify for the employee retention credit (ERC) of up to $7,000 per employee per quarter ($28,000 per employee for 2021)? If you qualified for PPP Round 2, the answer is almost certainly yes since ERC requirements are less stringent.

Read about the latest program developments in the following article. Then, contact Dallas Platinum Partners to calculate your ERC and to optimize your PPP Forgiveness application to maximize the combined benefits of both programs... CLICK BELOW TO READ MORE:

The following is an article published by Grant Thornton LLP on August 19, 2021. Do you qualify for the employee retention credit (ERC) of up to $7,000 per employee per quarter ($28,000 per employee for 2021)? If you qualified for PPP Round 2, the answer is almost certainly yes since ERC requirements...

07/30/2021

The following is an article by Jeff Drew, Senior Editor, published in the Journal of Accountancy on July 28, 2021.

Apply for PPP loan forgiveness directly with SBA. Lenders are no longer required intermediaries:

𝙏𝙝𝙚 𝙐.𝙎. 𝙎𝙢𝙖𝙡𝙡 𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨 𝘼𝙙𝙢𝙞𝙣𝙞𝙨𝙩𝙧𝙖𝙩𝙞𝙤𝙣 (𝙎𝘽𝘼) 𝙥𝙪𝙗𝙡𝙞𝙨𝙝𝙚𝙙 𝙣𝙚𝙬 𝙜𝙪𝙞𝙙𝙖𝙣𝙘𝙚 𝙒𝙚𝙙𝙣𝙚𝙨𝙙𝙖𝙮 𝙙𝙚𝙨𝙞𝙜𝙣𝙚𝙙 𝙩𝙤 𝙨𝙞𝙢𝙥𝙡𝙞𝙛𝙮 𝙖𝙣𝙙 𝙨𝙥𝙚𝙚𝙙 𝙪𝙥 𝙩𝙝𝙚 𝙛𝙤𝙧𝙜𝙞𝙫𝙚𝙣𝙚𝙨𝙨 𝙥𝙧𝙤𝙘𝙚𝙨𝙨 𝙛𝙤𝙧 𝙗𝙪𝙨𝙞𝙣𝙚𝙨𝙨𝙚𝙨 𝙖𝙣𝙙 𝙣𝙤𝙩-𝙛𝙤𝙧-𝙥𝙧𝙤𝙛𝙞𝙩𝙨 𝙬𝙞𝙩𝙝 𝙋𝙖𝙮𝙘𝙝𝙚𝙘𝙠 𝙋𝙧𝙤𝙩𝙚𝙘𝙩𝙞𝙤𝙣 𝙋𝙧𝙤𝙜𝙧𝙖𝙢 (𝙋𝙋𝙋) 𝙡𝙤𝙖𝙣𝙨 𝙤𝙛 $150,000 𝙤𝙧 𝙡𝙚𝙨𝙨... CLICK BELOW TO READ MORE:

The following is an article by Jeff Drew, Senior Editor, published in the Journal of Accountancy on July 28, 2021. Apply for PPP loan forgiveness directly with SBA. Lenders are no longer required intermediaries. Read the article here. The U.S. Small Business Administration (SBA) published new guidan...

04/07/2021

The following is an article by Jeff Drew, Senior Editor, published in the Journal of Accountancy on March 30, 2021.

While the deadline for PPP Round 2 applications was extended to May 31st, the AICPA town hall series addressed the expectation that available funding may be extinguished prior to the expiration date... CLICK BELOW TO READ MORE:

The following is an article by Jeff Drew, Senior Editor, published in the Journal of Accountancy on March 30, 2021. While the deadline for PPP Round 2 applications was extended to May 31st, the AICPA town hall series addressed the expectation that available funding may be extinguished prior to the e...

03/10/2021

Self-employed individuals who file Schedule C may use gross income instead of net income when applying for PPP loans, either first or second draw. As of today, already-funded loans cannot be adjusted, and the application period ends on March 31st... CLICK BELOW TO READ MORE:

The following is an excerpt from an article by Jeff Drew, Senior Editor, published in the Journal of Accountancy on March 3, 2021. Self-employed individuals who file Schedule C may use gross income instead of net income when applying for PPP loans, either first or second draw. As of today, already-f...

02/23/2021

The following is an excerpt from an article by Jeff Drew, Senior Editor, published in the Journal of Accountancy on February 22, 2021.

For the next two weeks, PPP (Round 2) is available ONLY for businesses with fewer than 20 employees. The final deadline to apply is March 31, 2021.

Read the full article here:

The following is an excerpt from an article by Jeff Drew, Senior Editor, published in the Journal of Accountancy on February 22, 2021. For the next two weeks, PPP (Round 2) is available ONLY for businesses with fewer than 20 employees. The final deadline to apply is March 31, 2021. Read the full art...

01/26/2021

PPP Round 2 is Here!

The SBA has announced a second round of PPP loans. SBA Administrator Jovita Carranza says “A second round of PPP could not have come at a better time, and the SBA is making every effort to ensure small businesses have the emergency financial support they need to continue weathering this time of uncertainty.”

Second round PPP applications differ from the first round, and there are separate forms and requirements for first-time and second-draw borrowers.

PPP loan forgiveness applications have also been revised, and Form 3508S now applies to loans less than $150,000 (versus $50,000 previously) for firms without affiliated PPP-recipient entities. A new Form 3508D for controlling interest was issued in addition to the prior Loan Necessity Questionnaires.

You can view the consolidated forms and instructions on our site:

https://dallasplatinumpartners.com/resources/

We can help with your PPP loan application, loan forgiveness application, and with access to other SBA funding options. Contact us today for a free 15-minute initial consultation.

https://dallasplatinumpartners.com/contact-us/

01/12/2021

The following is an excerpt from an article by Jeff Drew, Senior Editor, published in the Journal of Accountancy on January 9, 2021.

Eligible first-time PPP borrowers may apply as early as Monday, January 11th, and eligible second-time borrowers may apply as early as Wednesday, January 13th. The first week of application is targeted to first-time and historically underserved businesses, with all applicants accepted by mid-January. The PPP application deadline is March 31st.

Review the application forms on our Resources page...

The following is an excerpt from an article by Jeff Drew, Senior Editor, published in the Journal of Accountancy on January 9, 2021. Eligible first-time PPP borrowers may apply as early as Monday, January 11th, and eligible second-time borrowers may apply as early as Wednesday, January 13th. The fir...

12/22/2020

The following is an article by Jeff Drew, Senior Editor, published in the Journal of Accountancy on December 21, 2020.

The House of Representatives on Monday passed a $900 billion COVID-19 relief bill that provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment benefits, and provides more than $300 billion in aid for small businesses.

Details of PPP 2 and other small business stimulus plans are addressed in great detail.

Read the article here...

The following is an article by Jeff Drew, Senior Editor, published in the Journal of Accountancy on December 21, 2020. The House of Representatives on Monday passed a $900 billion COVID-19 relief bill that provides $600 stimulus payments to individuals, adds $300 to extended weekly unemployment bene...

12/15/2020

The following is an article by LJ Suzuki published in CFOshare on December 10, 2020.

Do you qualify for a second round of PPP, and are you ready to apply?

Wondering what small business stimulus will pass in the next round of congressional action? After 2 months of ongoing debate and negotiations, congress is actively converging on a final stimulus bill...

Read full article here:

The following is an article by LJ Suzuki published in CFOshare on December 10, 2020. Do you qualify for a second round of PPP, and are you ready to apply? Read the article here. Wondering what small business stimulus will pass in the next round of congressional action? After 2 months of ongoing deba...