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.
LANPHIER, KOLASINSKI & SAGAR, PC is a firm that has been dedicated to providing quality accounting, consulting and tax services to our clients at reasonable fees since our founding in 1966.
We encourage open and direct communication with our clients and our team in an atmosphere of mutual respect.
We are committed to maintaining the highest ethical and professional standards.
We strive for innovation and the continuous improvement of our services.
We respect and recognize the efforts of our team and provide them with an opportunity to develop and share in the success of our organization.
The ultimate measure of our success is to receive the endorsement from our clients who recommend our services. Lorraine M Kolasinski, CPA
Shareholder of the firm with over forty-five years of accounting, auditing and tax experience; obtained a Bachelors of Science in Accounting from Regis University; member of American Institute of Certified Public Accountants, Nebraska Society of Certified Public Accountants and Accounting & Financial Women’s Alliance (AFWA); maintains the continuing professional education requirements of the Nebraska and Iowa licensing boards and holds permits to practice in Nebraska and Iowa. Over fifteen years certified as a QuickBooks Pro Advisor and an Advanced Pro Advisor since 2007. Address:
10842 John Galt Blvd.
Omaha, Nebraska 68137
Phone: (402) 592-7170
Fax: (402) 592-1595
Website: http://www.lkscpa.com Newsletter:
COMPANY HISTORY & PHILOSOPHY
Kahan Steiger & Company, P.C. is a full service certified public accounting firm based in Stamford, Connecticut.
The firm originated in 1944 as Steiger & Steiger, which merged with Robert B. Kahan & Company in 1973. The resulting firm, Kahan Steiger & Company, P.C., gives our clients the benefit of our nearly half century of accounting and business expertise. We have, over this time, developed the range of capabilities necessary to meet the increasingly complex domestic and international needs of our business and individual clients.
Because we recognize that planning and projection are key to the achievement of financial objectives, we work hard to develop ongoing working relationships with our clients. We also anticipate and closely follow legislative, economic, and business trends. Therefore, in addition to providing traditional accounting services, we stand ready to advise you of opportunities where changes in business strategies, or management of personal finances, may be advantageous. PARTNER AND STAFF SUPPORT
Clients of Kahan Steiger & Company, P.C. have found our staff to be not only accounting professionals, but experienced, thoroughly trained business professionals.
A partner is assigned to every client; one or more accounting professionals may also assist you, depending upon the extent of your needs. All individuals involved are aware of your account history, current requirements, and financial objectives. You can be assured of thorough and timely responses to your inquiries, as well as initiative on our part in bringing to your attention opportunities as well as situations which we feel warrant further review.
Members of our professional staff are generally hired directly from college. Their training is managed internally, affording them involvement with a wide variety of financial situations, and a broad-based exposure to many business lines. In addition, training is not limited to the education of newer members of our firm; throughout their careers partners and staff members participate in continuing professional education. This education, combined with our staff’s longevity and broad experience, makes us better able to assist you as your business grows and changes, or as your personal financial situation demands more sophisticated solutions.
Our accounting professionals are active members of the American Institute of Certified Public Accountants, as well as The Connecticut Society of Certified Public Accountants, and The New York State Society of Certified Public Accountants. Through these organizations, we work to support high standards for members of our industry, and participate in and promote continuing professional development.
In addition to providing you with the services you require, we pride ourselves in our flexibility in working with you. We recognize that you may not always be available to attend to financial matters during traditional business hours. We therefore make ourselves available at times and places most convenient to you, whether for a consultation, or in longer term working solutions. Address:
1100 Summer Street,
Stamford, CT 06905-0227
Phone: 203 327-5717
fax: 203 967-9483