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THREAD ON #PaycheckProtectionProgram :
Yes, Congress needs to get more money in.
But, GET READY for it to be gone in a heartbeat.
The loopholes are so big that accountants and tax specialists are parading down 5th Ave signing their clients up...WHY?
Yes, Congress needs to get more money in.
But, GET READY for it to be gone in a heartbeat.
The loopholes are so big that accountants and tax specialists are parading down 5th Ave signing their clients up...WHY?
ANSWER:
- Not because they need it
- Not because they are at risk of going out of business
They are applying because they are eligible, it’s free money, and their accountants figured it out in a hot minute.
- Not because they need it
- Not because they are at risk of going out of business
They are applying because they are eligible, it’s free money, and their accountants figured it out in a hot minute.
There are advisory firms offering webinars to teach people how #PPP works - almost like you are doing taxes and need the answer to “how to pay the lowest amount of taxes.”
Except this is disaster relief! And it’s not unlimited.
Except this is disaster relief! And it’s not unlimited.
Every loan granted means someone behind is not getting one.
You know who is behind in line? The small business who needs it most.
Revisit the rules or leave the barn door open and let the stampede continue.
You know who is behind in line? The small business who needs it most.
Revisit the rules or leave the barn door open and let the stampede continue.
