Don't have a Paycheck Protection Program (PPP) loan? Did you know you could be eligible for the CARES Act employee retention payroll tax credit?
Our technical specialists can guide you through the steps and required substantiation, and our CARES Credit Calculator can determine the credit for each relevant quarter.
You can cross any one or a combination of these paths to create the right financial mix for your needs. Here’s a quick breakdown of each piece of legislation:
CARES Act deferral of payroll taxes
FFCRA mandated leave payroll tax credit
CARES Act employee retention payroll tax credit
CARES Act PPP loan & forgiveness
Some businesses are pivoting to PPP loan forgiveness, while those without loans are pivoting to take advantage of the employee retention payroll tax credit. In both cases, it's essential to get the steps right and provide the correct information.
So how do you understand which options are right for your business and how to maximize the intersections between the legislation and related guidance – all while starting down the path to recovery?
We can answer these questions and more, using our deep knowledge of the legislation and related guidance, combined with our technical and government experience.
At Crowe, our team of tax specialists includes former government officials, who worked in the same offices that created this legislation and the related guidance. Our industry expertise will help you create the best possible path to maintaining and gaining liquidity for your business – and we’re here to help when you may need to change course along the way.
We're dialed in at key levels of government and have the expertise to counsel you in a variety of payroll relief options.
PPP loan forgiveness consulting
Policy and procedure suggestions
Payroll tax compliance advice
Our tool can help you manage the loan forgiveness process from start to finish.