This really is a essential message, and IвЂ™d as you to see it very carefully.
Only at Team J Allen & Associates, we’ve been walking closely with this Frederick business proprietor customers (and lots of, numerous start up business owners who’ve been trying) to cut through the sound and online misinformation about these loans.
Several of this misinformation is innocent, mainly because the IRS happens to be rolling down various and new forms of guidance, plus the SBA as well вЂ” just about every day.
A number of this misinformation is perhaps not quite as innocent. Not just will be the scammers showing call at force (already вЂ” be mindful where you add your companyвЂ™s info!), but there’s also overly-aggressive income tax and accounting experts available to you who will be recharging small organizations $2K+ to fill these Payroll Protection Program out (PPP) and EIDL applications.
Not just are these applications simple and easy (though doing the calculation is not always вЂ¦ and we CAN deal with that), nonetheless it might be from the legislation.
Straight through the CARES Act: вЂќ(ii) FEE LIMITATIONS. вЂ” a real estate agent that assists a qualified recipient to prepare a software for the covered loan may well not gather a charge more than the limitations founded because of the Administrator.вЂќ
After which on Tuesday, March 31, 2020, the Department of Treasury circulated Lender Guidance further clarifying:
вЂњAgent charges would be given out of loan provider costs. (meer…)