Paycheck Protection Program

Paycheck Protection Program (PPP) is a loan designed by the US Govt, and implemented by the SBA, to provide a direct and immediate incentive for small businesses to keep their workers on the payroll, and thus avoid large scale job losses, because the SMBs create over 50% of the total jobs across America.

SBA will forgive loans if all employees are kept on the payroll for eight weeks, and the money is used for payroll, rent, mortgage interest, or utilities.

You can apply through any existing SBA 7(a) lender, or through any federally insured depository institution, federally insured credit union, and Farm Credit System institution that is participating. Other regulated lenders will be available to make these loans once they are approved and enrolled in the program.

Lenders may begin processing loan applications as soon as April 3, 2020.
The Paycheck Protection Program will be available through June 30, 2020.
Please check with your local lender whether it’s participating in the program.

Who Can Apply
The following entities affected by Coronavirus (COVID-19) may be eligible:

  • Any small business concern that meets SBA’s size standards (either the industry based sized standard or the alternative size standard)
  • Any business, 501(c)(3) Non-profit organization, 501(c)(19) Veterans organization, or Tribal business concern (sec. 31(b)(2)(C) of the Small Business Act) with the greater of: 500 employees, or that meets the SBA industry size standard if more than 500.
  • Any business with a NAICS Code that begins with 72 (Accommodations and Food Services) with more than one physical location, and employs less than 500 per location
  • Sole proprietors, Independent Contractors, and Self-employed persons.

Please see this page to learn more details. Thanks.
https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program-ppp

The Hahn Company LLC, CPA in Anchorage, AK

About The Hahn Company LLC

Our company is devoted to people who invest in real estate or have service businesses; we help people operate their businesses, accurately comply with tax and financial requirements, and manage their investments of time and dollars.

Cathleen Hahn, CMA, CPA and Marjorie Kaiser, CPA, have over 50 years of combined accounting and business advising experience. Together, with several long-term team members, we provide prompt and professional service to a wide variety of Anchorage businesses, non-profits and individuals. Our longevity in the field enables us to offer thorough, relevant and consistent services.

When you work with us, you can expect us to gain an understanding of your specific needs and to help you every step of the way. We will give you the most up-to-date information on changes and trends as well as helpful answers, practical advice and sensible insights.

Cathleen Hahn, CMA, CPA – Company Manager
Serving Anchorage as a CPA since 2000, Cathleen has over 20 years of experience in accounting and business advising. She has developed an outstanding reputation throughout the area and her focus on real estate helps her give full attention to the specific needs of her clients.
Cathleen is an active member of the community and belongs to many professional organizations that keep her engaged in her practice, including Alaska Society of CPAs, American Institute of CPAs, Institute of Management Accountants and Community Associations Institute.

Address:
430 W. 7th Avenue, Suite 210
Anchorage, AK 99501
Telephone: (907) 272-1423
Fax: (907) 202-9558
Email: info@thehahncompany.com
Web: http://www.thehahncompany.com/

Joyce A. Herr, CPA in Eagle River, AK

Joyce A. Herr, CPA is a CPA firm serving individuals as well as small and medium sized businesses located throughout Alaska, the US and several foreign countries.
I specialize in small business consulting, accounting, tax, bookkeeping and payroll services. Small businesses, while rich in technical skill and entrepreneurial drive, often lack accounting expertise. My custom solutions help fill that need, giving you a valued partner to help run your business while you focus on what you do best. For a monthly fee or an hourly rate, I can save you time, money, and ensure your business has accurate records in order to manage efficiently. I am dedicated to giving you the freedom to concentrate on your business.
I offer a variety of tax services including tax planning and preparation of tax returns for individuals, corporations, partnerships, fiduciaries and tax-exempt entities. I understand the special issues affecting military personnel and others in our mobile society. I go the extra mile to ensure that you receive the maximum refund you deserve.
FREE initial consultation and review of last three years’ returns. I believe you should not have to pay an arm and a leg to receive quality tax preparation and advice. The corner store may be great for a quart of milk but is that who you want preparing your tax return!!!
Joyce A. Herr, CPA has over 20 years of accounting and tax experience. She earned a Bachelor’s degree in Accounting in 1992 from the University of Alaska, Anchorage, and went on to work with Coopers & Lybrand in Anchorage for two years where she specialized in audits of native corporations, local governmental entities and not-for-profits and individual and corporate income tax. Joyce worked with a local firm in Hawaii specializing in financial management and tax preparation for corporate and not-for-profit clients and individuals. She opened her own firm on Eielson Air Force Base, Alaska in 1998. She moved the firm to Eagle River, Alaska in 2001 and continues to work with clients from Anchorage to Eielson and throughout the world.
Address:
P.O. Box 770873
Eagle River, AK 99577
Phone: (907)622-0800
Fax: (907) 622-8707
Email: jherr@jherrcpa.com
Website: http://www.jherrcpa.com
Newsletter:
http://www.jherrcpa.com/newsletter.html