Rachel Blakely-Gray and Maria Tanski-Phillips, Author at Patriot Software

Patriot Software Rachel Blakely-Gray and Maria Tanski-Phillips

We are committed to providing timely updates regarding COVID-19.

PPP Loan Accounting: Creating Journal Entries

ppp loan accounting

Updated 6/5/2020 to reflect the passage of the Paycheck Protection Program Flexibility Act.

Congratulations on receiving a Paycheck Protection Program forgivable loan! But if you want to receive loan forgiveness, you need to use it for eligible expenses and keep detailed records.

Read on to learn about Paycheck Protection Program (PPP) loan accounting.

Continue reading “PPP Loan Accounting: Creating Journal Entries”

Is a Stimulus Check En Route to You? FAQs About Economic Impact Payments

map of the united states with two magnifying glasses over top, one representing economic impact payments via mail and the other via direct deposit

If you’ve been keeping up with the news, you know that the IRS began sending out Economic Impact Payments to qualifying recipients. These stimulus checks will go out in a few rounds, so don’t panic if you weren’t included in the first send-off. Continue reading “Is a Stimulus Check En Route to You? FAQs About Economic Impact Payments”

Small Business Relief During Coronavirus Pandemic

graphic of coronavirus crashing down on business, but business is hooked up to IV bag symbolizing financial relief

Updates for Businesses & Employees

The information in this article is current as of June 5, 2020, 2:35 p.m. EST. 

Our entire nation has been impacted by the coronavirus. Due to the quick spread of the virus, the economy has taken a hit. Business operations nationwide, particularly in small businesses, have been disrupted. Increased isolation means consumers aren’t buying and employees aren’t coming into work. To combat the effects of the virus, the government is working to pass legislation that would provide businesses and workers with financial relief.  Continue reading “Small Business Relief During Coronavirus Pandemic”

Small Business Resources for Dealing With COVID-19

woman cracks her knuckles as she prepares to go on her computer

Updated 6/5/2020 to reflect the passage of the Paycheck Protection Program Flexibility Act.

From state-mandated stay-at-home orders to stimulus packages, there’s a lot changing because of the coronavirus.

We know you want answers fast. That’s why we’ve put together the following list of coronavirus facts and small business resources.

Continue reading “Small Business Resources for Dealing With COVID-19”