Apple Growth Partners

Susan Peirce

Apple Growth Partners Announces Promotions and Annual Award Winners

AKRON, Ohio – (October 7, 2020) – Apple Growth Partners (AGP), award-winning accounting and business advisory firm, proudly announces promotions for two team members and three recipients of annual firm awards. Leif Erickson, CPA, and Brandon Fredericks, CPA, have been promoted to principal. As a principal in the tax department, Erickson is the firm’s Canton …

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SBA Releases Long-Awaited Guidance on PPP Forgiveness in the form of Frequently Asked Questions

August 5, 2020 On August 4th, SBA released guidance regarding the Paycheck Protection Program (PPP) loan forgiveness. Critical takeaways include: General No payments on PPP loans are required until the forgiveness amount is known and submitted to the lender by the SBA. Interest accrues at 1% from the date of loan disbursement on any unforgiven …

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All Providers – HHS Releases Timeline for Provider Relief Fund Reporting

July 27, 2020 Sue Peirce, CPA | COVID-19 Response Team All Providers – HHS Releases Timeline for Provider Relief Fund Reporting HHS will issue the detailed instructions on reporting obligations by August 17, 2020 but in the interim is making all practices aware of the Post-Payment Reporting Requirements. Your practice is subject to these requirements …

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JUNE UPDATE: Estimated Loan Forgiveness Calculator

Thursday, June 4, 2020 In response to the recently passed Paycheck Protection Flexibility Act (PPFA), our COVID-19 Response Team has updated our frequently requested Forgiveness Calculator. Our new June Update Loan Forgiveness Calculator includes the recent changes from the PPFA, including FTE calculations. The PPFA is pending final signature from the President (as of 5:15 …

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The Paycheck Protection Flexibility Act Awaits the President’s Signature

June 3, 2020 By Sue Peirce, CPA, COVID-19 Response Team Leader On June 3, 2020, the Senate, by unanimous consent, cleared the bill the House passed on May 28th to extend the Paycheck Protection Program (PPP). The President is expected to sign the bill soon. The bill known as the Paycheck Protection Flexibility Act (H.R. …

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Release of SBA Paycheck Protection Program Loan Forgiveness Application

Monday, May 18, 2020 By Kathy Davis, CPA | COVID-19 Response Team On May 15th, the SBA released the application that borrowers must use to determine the amount of the loan that may be “forgiven” by their lender.  There are still unknown items, for which we expect additional guidance, but we will highlight a few …

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BREAKING: SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application

Friday, May 15, 2020 By COVID-19 Response Team The following was released earlier this evening. We are still analyzing, but here are critical components of the summary of costs eligible for forgiveness: Incurred and paid     Payroll Paid = considered paid on date payroll checks are distributed Incurred = Day the employee’s pay is earned Payroll costs …

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