Tag Archives: ppp

Q&A: Employee Retention Credit

Q&A: Employee Retention Credit

These questions and answers are a compilation of the participant Q&A from YPTC and Network for Good’s webinar on Feb. 15, 2021. What is the ERC link? https://www.irs.gov/newsroom/covid-19-related-employee-retention-credits-how-to-claim-the-employee-retention-credit-faqs In applying for the PPP, we are only eligible to apply for 2.5 times our monthly payroll? Would it be possible to apply for the Employee retention

Q&A: Other Pandemic Relief Options

Q&A: Other Pandemic Relief Options

These questions and answers are a compilation of the participant Q&A from YPTC and Network for Good’s webinar on Feb. 15, 2021. Is there any relief for 100% volunteer organizations? Unfortunately, most of the pandemic relief is tied to retaining employees so volunteer orgs don’t qualify for the loans or ERC. We are a very

Q&A: PPP Loan Forgiveness

Q&A: PPP Loan Forgiveness

These questions and answers are a compilation of the participant Q&A from YPTC and Network for Good’s webinar on Feb. 15, 2021. Questions on Timing of Application: What if the loan forgiveness portal is currently not available from first PPP loan lender and I cannot apply for forgiveness? You do have to wait but you