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.
William J. Krause CPA, P.C. is a small public accounting firm located in Wolfeboro, NH. Our firm provides Tax, Payroll, Accounting and Business Consulting Services, to our diverse client base. Our firm provides services to over 500 active clients, which include private corporations, partnerships, non-profit organizations, trusts, associations and individuals. Here, you will find dedicated and knowledgeable staff focused on providing each client with logical solutions.
Our Firm is located in Wolfeboro, NH and provides a wide variety of services tailored around tax, estate, and business advisory. William J. Krause CPA, P.C. is a small public accounting firm with a staff of only five. This ensures that you will work with a professional who has familiarity with you and your account, unlike larger firms where clients often deal with different tax professionals each year.
All tax returns are prepared by licensed tax professionals. We serve as trusted advisers to our clients and can help plan and navigate clients’ financial affairs. We have developed working relationships with several wealth managers, local law firms, and banks. William J. Krause, CPA Shareholder/President
Upon graduation from Waynesburg College in PA (with a major in accounting & minor in economics) Mr. Krause was first employed by the accounting firm of Arthur Andersen & Co in Pittsburgh prior to his service in the U.S. Army. He then served in the U.S. Army at XVIII Airborne Headquarters at Fort Bragg, NC before completing his military obligation at the U.S. Army Europe Headquarters in Heidelberg Germany.
While stationed in Germany, he served as Senior Auditor of the Internal Review & Management Division of USMEDCOMEUR. After his U.S. Army service, he obtained his MBA from Boston University and was then subsequently employed with large national public accounting firms. Mr Krause conducted audits on major publicly traded corporations before he commenced working for Stone & Webster Engineering Corporation in Boston for 16 years. He then started William J. Krause, CPA in 1992, which continues today at its current location in Wolfeboro, NH. Address:
8 Governor Wentworth Highway
P.O. Box 672
Wolfeboro, NH 03894
Kline & Company is a friendly, reliable, experienced, and dedicated team of professional business accountants and tax consultants. We’re passionate about giving you the specialized guidance and advice you need to excel.
Federal government contractor accounting is our primary area of specialization. If you are a DoD contractor or do business with the US government, you can tap the expertise of our seasoned team of DCAA consultants, which includes former DCAA auditors. You will find that our real-world experience is invaluable in helping you meet the complex requirements of the Federal Acquisition Regulation or representing you for a DCAA audit.
Our accounting firm also includes knowledgeable business consultants and tax advisors who are ready to offer you innovative solutions to your corporate and individual income tax challenges.
Kline & Company is Nashua’s #1 Accounting Firm as voted by the general public. We always work hard to maintain this distinction by providing excellent service to our many clients in New England and throughout the United States. Fred J. Kline, MBA, CPA Firm Founder 1994
Founder and President of Kline & Company, Fred has been an accountant since 1982. His general areas of specialization include accounting, taxation and small business consulting; primarily with high technology and professional service companies. Fred has a particular expertise in consulting with Federal Government Contractors and representing DOD clients for DCAA (Defense Contract Audit Agency) audits. Fred’s professional affiliations includes membership in the New Hampshire Society of CPA’s and the AICPA (American Institute of Certified Public Accountants). Fred holds his undergraduate accounting degree from Bentley University and an MBA from Babson College. He also holds the recognition of attaining the highest grade in the State of New Hampshire for the November 1991 CPA Examination. Address:
141 Main St.
Nashua, NH 03060
TEL: (603) 881-8185
FAX: (603) 883-6887
Website: https://www.klineco.com/ News: