The COVID-19 emergency has created unprecedented challenges for many businesses and organizations, and navigating the impact of comprehensive legislative changes and regulatory relief measures requires a different level of support. This is why Porte Brown has expanded its services to include new COVID Advisory Services. Our COVID advisory services are managed by a dedicated team of experts who are actively monitoring and reviewing the various COVID-19 related laws and regulations that have recently passed. Since the beginning of this pandemic, Porte Brown has been engaged and involved in maintaining a constant education and following of the nuances of the various laws passed.
Our number one goal is to support our clients through this turbulent time period, assist them with their goals, and find the optimal path towards recovery and sustained success. Porte Brown works closely with its clients to identify their unique needs related to the Payroll Protection Program Loan Forgiveness and has a dedicated team working on the Loan Forgiveness process. This team partners with our clients to aid in preparation of the Loan Forgiveness Application to ensure compliance with all calculations and backups required by the form. We'll also perform the necessary analysis of the different options that the borrower has as a result of the program flexibilities.
Our focus is on maximizing the amount of loan forgiveness for each client we work with by focusing on the following services:
Documentation of meeting needs required for application
Where funds should be deposited & how to account for spending within the general ledger
Regular tracking and forecasting of spending to project estimated forgiveness
Loan Forgiveness Calculation Assistance
Recommendations for modifying spending to enhance forgiveness opportunity
Assembly of documentation required by lenders when applying for loan forgiveness based on SBA guidelines
Guidance & consultation for loan tracking, use; eligible vs. ineligible expenses
Detailed payroll costs analysis
Interest and/or rental payment calculations & documentation
Developing processes to ensure fund utilization on eligible expenditures, e.g., payroll & mortgage
At Porte Brown we are here to work with you as you navigate through the PPP Loan Forgiveness process and provide assistance you may need in relation to other business provisions provided in the wake of COVID-19. We have a team of staff members dedicated to Loan Tracking & Loan Forgiveness Calculation services. Porte Brown is able to assist business owners and nonprofits and help alleviate the administrative burden of managing these funds. For more information, click on the image above and fill out the form. If you need immediate assistance please call us directly at 847-956-1040.
Porte Brown has been active in participating in calls and committee meetings with firms and lawmakers around the country and engaging with a multitude of resources and education. In addition, Porte Brown has offered several live webinars, which provide more in depth information and updates on the topic. As with all of our webinars, these are available for viewing live and on-demand.
Stay up-to-date with the latest coronavirus (COVID-19) news and guidance with these additional resources:
"The IRS has established a special section focused on steps to help taxpayers, businesses and others affected by the coronavirus." This IRS page will be updated as new information is made available.
"In Notice 2020-18 (PDF), the Treasury Department and the Internal Revenue Service (IRS) announced special Federal income tax return filing and payment relief in response to the ongoing Coronavirus Disease 2019 (COVID-19) emergency. Below are answers to frequently asked questions related to..."
"CDC recommends that for the next 8 weeks, organizers cancel or postpone in-person events that consist of 50 people or more throughout the U.S." For more information on the Coronavirus (COVID-19) and how to protect yourself and others, please visit the CDC's website.
"Learn about international travel restrictions, how you can prepare for coronavirus, and what the U.S. government is doing in response to the virus." -- USA.gov
Visit the U.S. Treasury's website for additional resources, updates, and guidance.
Get in touch today and find out how we can help you meet your objectives.