Tax Senior

We are seeking an energetic associate to join our growing team! Stancil CPAs ∙ Advisors is a 35-member Raleigh CPA firm that has been providing outstanding service for our clients since 1971.  We are seeking new team members to grow with us into a bright future.  Our new team member...

PPP Loan Forgiveness – 3 Phases of Documentation

We are here with another PPP update and message.  By now, dealing with the PPP Loan program has become a daily conversation that you are probably ready to bring to an end.  Please do not get discouraged.  We are here to help as you go through the “Covered” period to...

SBA’s April 23 FAQ 31/37 – More Guidance on PPP Loans

In light of some public companies and some other large and/or wealthy organizations (for example, the LA Lakers) receiving PPP loans, the government has expounded on who should have and have not received a PPP Loan.  Under the original CARES Act, the PPP funding was intended to help businesses where...

Tracking Receipt & Disbursements of PPP Loan Funds

Once you have applied and been approved for your Paycheck Protection Program Loan (PPP), your attention needs to be turned towards tracking the receipt and subsequent disbursement of the funds. We recommend establishing a new bank account for these funds. Money Market or Savings accounts will be the quickest and...