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.
The team at Legare, Bailey & Hinske LLC combines professional accounting, tax, audit and business consulting expertise with collaboration, passion and a genuine personal commitment that builds enduring relationships and successful results for our clients, our employees, our referral network and our communities.
While our office is located in Mt. Pleasant, South Carolina we proudly serve clients throughout all of Charleston and the entire tri-county area. We are dedicated to listening to our clients and then helping them navigate the challenges and celebrate the successes of an ever-changing tax and business world.
Daniel O. Legare, MTX, CPA, CVA
Bachelor of Science in Business Administration, University of South Carolina
Master of Taxation, Georgia State University Interests
Running, walking on the beach, Gamecock football, reading novels Community Involvement
Charleston Estate Planning Council Family
Dan and his wife, Gloria, have two children, Brad and Melissa Address:
1100 Queensborough Blvd. Suite 100
Mount Pleasant, SC 29464
Website: http://lbhcpas.com/ News:
Thompson & Davis CPA’s is a full-service accounting firm serving clients throughout the area, dedicated to providing our clients with professional, personalized services and guidance in a wide range of financial and business needs.
On this website, you will find information about Thompson & Davis CPA’s, including our list of services. We have also provided you with online resources to assist in the tax process and financial decision-making. These tools include downloadable tax forms and publications, financial calculators, news and links to other useful sites. Whether you are an individual or business in or around Lancaster, Thompson & Davis CPA’s has years of valuable experience assisting professionals with their accounting needs. Background
In 1982, Carlton Thompson and Ken Davis merged their individual accounting practices to form Thompson & Davis, CPA’s with the goal of providing quality professional accounting services to their clients. They dedicated their current building at 102 South Catawba Street, Lancaster, S. C. in 1983, naming it the James Alexander Building in honor of their fathers. Mr. Thompson passed away in March 2006. Our Mission
Our mission is to help clients maintain financial viability in the present, while taking a proactive approach to achieve future goals. This requires open communication to reach an understanding of our clients’ needs through research and sound analysis. Thompson & Davis CPA’s is dedicated to meeting these goals with high standards of excellence and professionalism. We have been a staple of Lancaster’s business community for years, and pride ourselves on the level of esteem we have earned.
Our dedication to hard work has earned the respect of the business and financial community in and around Lancaster. We believe this to be a direct derivative of our talent and responsiveness to our client base. Whether you are a current or prospective client, rest assured that individuals and businesses who choose Thompson & Davis CPA’s receive competent and timely advice. Ken Davis
Ken Davis is the Partner-in-Charge of Thompson & Davis, CPA’s. He is a native of Newberry, SC and graduated with a degree in accounting from Newberry College. Upon graduation, he joined Springs Industries as a staff auditor. Later he worked for Peat, Marwick, Mitchell, CPA’s as an accountant and for the Springs Company as their controller. He passed the CPA exam in 1972 and opened his practice in Lancaster in 1975. He is very active in the community and in First United Methodist Church. He and his wife Amelia have two children, a daughter Susan, and a son Andy. Address:
Thompson & Davis CPA’s
102 S Catawba St
Lancaster, SC 29720
Telephone: (803) 286-8450
Fax: (803) 285-2577
Website: http://www.tdcpas.com News: