Author Archives: rakshit

Reductions in your PPP Loan forgiveness amount – Examples

Spending your PPP funds on the right things is straightforward enough. But things get more complicated when you don’t keep your headcount and employee pay levels the same. Headcount reduction Let’s say you have three full-time employees and they each made $3,000 per month, meaning your PPP loan amount was $22,500 (3000 x 3 x […]

PPP Loan Forgiveness Application – Overview of Required Documentation

On May 15th, the Small Business Administration released the highly anticipated Paycheck Protection Program Loan Forgiveness Application. The application is lengthy, the calculations are complex, and the instructions aren’t the most straight-forward. At first (and second) glance, the application process is quite overwhelming!  In order to assist you, we are going to break down the components […]

5 Common Bookkeeping Mistakes

At Bookkeeping Express, we know how important keeping accurate financial records is to the health of your business, that is why we have compiled five very common bookkeeping mistakes to look out for: Poor record-keeping –  Certain expenses may seem small or insignificant in the grand scheme of things, but, trust us, missing receipts add […]

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