Trump signs bill to ease guidelines on coronavirus relief loans for small businesses

[Bhumchik]

8 minutes ago, mustang302 said:

Inthaki em thelcharu db lo..Pakodi employees ki create chayyala vadha on paper?🤣

You are a grown up, mature adult and know what is right. Vaddu - if you want to sleep soundly at night.

(inkoka 600 posts veste 100K avtundi gada? 99K vesaka, 600 oka lekka?)

[tom bhayya]

3 minutes ago, mettastar said:

Vuncle mari restaurant meda loan theesukuntunnava

Restaurant fasaked eppudo

[tacobell fan]

21 minutes ago, Bhumchik said:

I already mentioned there was a talk about increasing the time limit on spending the loan amount. They are changing it from 8 weeks to 24 weeks - to be forgivable.

from 75% minimum, now it is 60% minimum on payroll and the rest on payroll costs - to be forgivable.

You have to pay salaries even if your employees cannot work due to corona! You are paying rent, utilities so your employees can work.

Still, none of it it goes into employer’s pocket and it is basically a forgivable loan - no changes here.

Inni cheppinvodivi 8 week period lo business revenue lo vachina dabbulu ekkadiki pothayo kuda cheppu vintaru bacha gallu 

[tacobell fan]

16 minutes ago, mettastar said:

Vuncle mari restaurant meda loan theesukuntunnava

Bay Area Bhanu Sree happy anta 

[r2d2]

forgivable antey   రుణమాఫీ??

[tacobell fan]

4 minutes ago, r2d2 said:

forgivable antey   రుణమాఫీ??

Yes. If you can prove you used the funds legitimately which in many cases are. It is designed very cleverly hence today’s Job loss result of that seed. 

[r2d2]

30 minutes ago, tacobell fan said:

Yes. If you can prove you used the funds legitimately which in many cases are. It is designed very cleverly hence today’s Job loss result of that seed. 

Ok.. so,  in the end it is a scam to boost the market.. then why are the Dems falling into that trap? Andaru Dongale...😀

[tacobell fan]

15 minutes ago, r2d2 said:

Ok.. so,  in the end it is a scam to boost the market.. then why are the Dems falling into that trap? Andaru Dongale...😀

Dems are asking for more loans and make people more lazy. ikkada preaching chese batch antha they don’t operate a business to know the setbacks. People don’t want to come back for work because all of them getting stimulus money. 

[Bhumchik]

1 hour ago, tacobell fan said:

Inni cheppinvodivi 8 week period lo business revenue lo vachina dabbulu ekkadiki pothayo kuda cheppu vintaru bacha gallu 

Your CPA should know how to account for it while filing taxes. Here is some info -

https://www.blumshapiro.com/insights/best-practices-for-accounting-for-ppp-loans-and-forgiveness-2/

[Bhumchik]

There is another program called EIDL (Economic Injury Disaster Loan) from SBA for up to 10K in GRANT (free money really). The way it works is 1K grant per employee for a max of 10K.

(I got this money too)

[appetizer]

7 minutes ago, Bhumchik said:

There is another program called EIDL (Economic Injury Disaster Loan) from SBA for up to 10K in GRANT (free money really). The way it works is 1K grant per employee for a max of 10K.

(I got this money too)

Bhayya check your PM

[JambaKrantu]

There is no free lunch in Amrica.. Manollu India lekka feel aitaru pratokkati corrupt corrupt ani..It doesn't work that way here..

[mustang302]

13 minutes ago, JambaKrantu said:

There is no free lunch in Amrica.. Manollu India lekka feel aitaru pratokkati corrupt corrupt ani..It doesn't work that way here..

Ok.

[tacobell fan]

37 minutes ago, Bhumchik said:

Your CPA should know how to account for it while filing taxes. Here is some info -

https://www.blumshapiro.com/insights/best-practices-for-accounting-for-ppp-loans-and-forgiveness-2/

hehe. Ok. 

[tacobell fan]

35 minutes ago, Bhumchik said:

There is another program called EIDL (Economic Injury Disaster Loan) from SBA for up to 10K in GRANT (free money really). The way it works is 1K grant per employee for a max of 10K.

(I got this money too)

Loan entha vachindo kuda cheppu adhe hand tho