EIDL vs. PPP

April 13, 2020

Several programs have been put in place to assist in the economic hardship that COVID-19 has imposed on businesses. Navigating which program or programs to apply for can be overwhelming. Below are frequently asked questions about both programs as well as a comparison chart to help you determine the best course of action for your business.

Frequently Asked Questions

EIDL vs. PPP Comparison Chart

Please note that this chart does not cover all areas of both programs. The information reflected is current as of 4/13/2020.

EIDL vs. PPP

This material is generic in nature. Before relying on the material in any important matter, users should note date of publication and carefully evaluate its accuracy, currency, completeness, and relevance for their purposes, and should obtain any appropriate professional advice relevant to their particular circumstances.

Share Post:

Withholding and Estimated Taxes

By Katrina Arona • May 5, 2025
Tax returns are due but once a year. However, paying taxes — through withholding from taxpayer wages, estimated tax payments, or both — is a year-round activity. That’s why it’s a good idea for taxpayers to review their tax payments regularly throughout the year to ensure they’re as accurate as possible.

An Update to Keep an Eye On, New Audit and Review Thresholds for Non-Profits Operating in Massachusetts

By Katrina Arona • April 28, 2025
As of November 2024, for Non-Profits operating in Massachusetts there are new audit and review thresholds to keep an eye on at a state and federal level.

Adequately Disclose Your Asset Transfers on a Gift Tax Return

By Katrina Arona • April 10, 2025
When making transfers of business interests or other assets to family members, there’s a three-year period where the IRS can challenge their values for gift tax purposes. During that time, the tax agency can claim the transfers originally treated as nongifts were actually gifts or partial gifts.
Show More