August 5, 2020
In an article published on August 5, 2020 in Bloomberg Law, Nekia Hackworth Jones discusses the Paycheck Protection Program loan forgiveness and advises businesses how to prepare for hard questions and document requests from their lenders. Additionally, Hackworth Jones provides some preventative strategies to minimize operational disruption.
“A company should know in advance where and how its most important PPP-related documents and information are (or will be) managed and stored,” writes Hackworth Jones. “For example, are payroll records stored in-house or with an outside vendor? The company should also closely track and understand the parts of its business that may be subject to scrutiny for purposes of PPP compliance, such as vendor payments and other operational expenses like rent and utilities.”
To view the full article, you may click here.
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