Did you get a nice pile of tax-free money by taking advantage of the first Paycheck Protection Program (PPP)?
Well, here’s your chance to double dip!
That’s right. Thanks to a recently-enacted law, you may qualify for a second round, a “second draw,” of PPP tax-free money.
Yes. You do have to qualify for this second draw of cash, but there’s a pretty good chance you will.
Please note that technically your cash comes from a lender, but don’t panic! Your loan will be forgiven and you won’t owe a dime to anyone. Loan forgiveness is baked right into the PPP plan.
Very important!
Don’t put off applying for your PPP tax-free money. When the money allocated by the plan runs out, that’s it. You won’t get a penny. Ouch!
To get all the details about how you can cash in on the extra money, be sure to…
Read the full article
“Round 2: Additional Tax-Free PPP Money for You?”
Three ways our fact-filled article can help you:
- You’ll learn how to qualify for the second draw PPP money. There are three criteria you’ll need to meet but it’s very possible that you will. Want to find out what the three criteria are? Read the full article.
- We’ll tell you how much money could be headed your way. The mechanics of the second draw of PPP cash follows the basic rules that applied to the original (first draw) PPP loan. There are some modifications that we’ll explain when you read the full article.
- We’ll tell you a lot more of what you need to know, including:
- What you can use your money for
- How to get 100% loan forgiveness. (It isn’t hard.)
- All you need to know about expense deductibility
And much more. For full details…