Episode 5: US Treasury and SBA Announce Audits on PPP Loans

Treasury Secretary Mnuchin and SBA Administrator Carranza issued a joint statement that the SBA will be auditing all PPP or Paycheck Protection Program loans over $2 million as well as "other loans." Atty. Wade talks about what this might mean for your business.

You can read the joint statement here at: https://home.treasury.gov/news/press-releases/sm988

A local CPA firm, Albin Randall and Bennett have done a great job putting together tools for businesses. I'd take a trip over to their website if you have questions about the PPP loan. You can click on this link: https://www.arbcpa.com/ppp-loan-forgiveness-workbook/

If you or someone you know has a tax problem, call our office at 207-502-7181 or email us at jwade@jdwadelaw.com. We will be glad to help you. Otherwise, please enjoy our content and let us know if there are topics you'd like us to discuss.