The Gist Of This Episode: Are you a business owner who has taken advantage of PPP and/or EIDL, or are you considering it? Listen to this episode first! Rachel sits down with her own CPA, Andrew Jordan, to discuss updates and some of the pitfalls to using these services that you may not be aware of.
What you will learn:
- why the most important thing you can do this year is spend time learning about these programs
- how the EIDL affects distributions and who the effects may apply to
- why it’s a good idea to wait before applying for loan forgiveness
- what loophole the IRS found in the CARES Act and how it can affect you
- and more!