Business
Steps Contractors Should Take After Receiving a PPP Loan
Once a PPP loan has been obtained, contractors should work immediately to bring back employees, track expenses by employee and prepare to apply for loan forgiveness right away, which is a huge benefit for all businesses able to obtain this loan.
By John Gallo
August 20, 2020
Topics
Business
by John Gallo
John Gallo is an active member of the Tax Department and leading member of UHY Advisor’s National Construction Practice. He has extensive knowledge of tax compliance issues, federal tax planning, state and local taxation, business forecasts and projections, strategic planning, and business plan preparation for startup and distressed companies. John specializes in Internal Revenue Code Section 460 guidance and construction revenue recognition methods such as percentage of completion, completed contract, and accrual less retainage. Additionally, he develops internal programs to train professional staff in regard to various accounting and taxation matters in the construction industry.
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