It's a program signed into law by Pres. Biden called the Cares Act. It's not a loan, in fact even if you received a PPP loan you probably still qualify for $14,000 per employee, which is the average.
We are the largest company operating in this space, we're over 14 years old and we receive over 10,000 new clients a week nationally.
Accountants do taxes, they don't write grants. This is a complicated process and the form is over 200 pages long. Rarely would an accountant have the expertise to stay up with all the different requirements and changes where this is what we do. We keep you compliant.
Yes, the letter went out warning businesses about fraudulent companies in this space. We are #1 in this industry and work with some of the top organizations in the country. (See above.)
Plain and simple, NO. It does not trigger an audit.
It is simply declared as income on the current year's taxes.
The money comes directly from the I.R.S., it's their program.