About Us Ludwig Business Consultants (LBC) is an accounting firm founded in 2002 based in North Wales, Pennsylvania. LBC has provided outsourced Accounting, Project Management, CFO, Taxation and Business Advisory services to for-profit and not-for-profit companies. LBC is a Certified Women’s Business Enterprise (WBENC) firm, member of the AICPA and certified in the QuickBooks ProAdvisor® …
Author Archives: Phyllis Ludwig
Updated PPP Forgiveness Documents: EZ Version of Loan Forgiveness Application
The U.S. Small Business Administration (SBA) and Department of the Treasury recently released a revised, borrower-friendly Paycheck Protection Program (PPP) loan forgiveness application implementing the PPP Flexibility Act, signed into law on June 5, 2020. In addition, the SBA introduced a new EZ version of the forgiveness application to help simplify the forgiveness applications for …
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Highlights: Paycheck Protection Program Loan Forgiveness Application And Instructions
By far the most intriguing, and often confusing, aspect of the Paycheck Protection Program (PPP) has been the loan forgiveness. When the PPP program was first announced many businesses yearned for support but were wary about taking on debt. The loan forgiveness aspect of the PPP transformed the program into the lifeline businesses sought. The …
Update: Payment Protection Program — Good Faith Certification
The Paycheck Protection Program has been a critical lifeline for many businesses during the current economic crisis. However, for a multitude of reasons, the requirements concerning the program have been a moving target. An area of great concern for many organizations is the good-faith certification. The CARES Act set the certification requirement for the program …
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Paycheck Protection Program Loan Relief Calculator: Maximizing & Tracking Your Loan Forgiveness
Many of our clients are beginning to feel a sense of relief as funds from the Paycheck Protection Program are finally starting to appear in their bank accounts. Unfortunately, some companies are still waiting to be approved for the second round of funding that was just passed earlier this week. In either case, getting the …
US Treasury Releases Paycheck Protection Program Details & Application
The United States Treasury has just now distributed detailed information regarding the Paycheck Protection Program including an application. We wanted to get it out to our clients as quickly as possible. Here are links to the information as well as the application directly from the United States Treasury: Top-line overview of the Paycheck Protection Program …
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Highlights of the Payment Protection Program
Relief for small businesses is here! While the details are emerging, here is what we know about the Paycheck Protection Program so far. Purpose is to provide incentives to businesses to retain employees during this crisis period that is related to COVID-19. Qualified Businesses include for-profits and non-profits with less than 500 workers. Funding covers expenses from February …
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Key Elements of Any Resource Application
In response to COVID-19 local, state, and federal governments have rapidly provided several resource options for small businesses. However, the various programs and separate application processes can be confusing. While each application is different, they are very similar in many ways. The key to any application is to have solid financial statements prepared. With a …
Treasury, IRS and Labor Announce FFCRA Payroll Tax Credits
On March 18th H.R. 6201 – Families First Coronavirus Response Act (FFCRA) was signed into law offering emergency support and requiring paid leave for small business employees affected by coronavirus. The intent of the bill is to support employees who are unable to work for COVID-19 related reasons. While this creates a significant burden for small …
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Temple SBDC Webinar: COVID-19 Local Funding for Small Business
We, at Ludwig Business Consultants, stand together with you, our trusted clients, colleagues, and friends during a time of great uncertainty. We are in process of creating a Business Assessment Center to lead you through today’s immediate needs and tomorrow’s recovery. Here is a link to a Temple hosted SBDC webinar relative to Local Funding opportunities for …
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