A Year of Alphabet Soup
Brought to you by Cray Kaiser, Ltd

Given the year we have all been crawling or sprinting through, we are taking this opportunity to visit some clarifications to the “alphabet soup” of recent COVID legislation.

We have seen:
  • the CARES Act
  • the FFCR Act
  • the TRACE Act
  • the SBA providing EIDL Advances along with the most popular PPP loans
  • the IRS pitching in with the EIP money (economic impact payments)

So beyond running and leading your businesses, you are required to have a bowl of alphabet soup, almost daily, to try to stay afloat in understanding how this all impacts you. Today, we focus on our business owners, in how they are compensated and how they fit into the PPP loan forgiveness computation.

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