covid-resources

I am a bookkeeper and I have several clients that have received either grants or loans from EIDG/EIDL (Economic Injury Disaster Grant/Loan). I had to do a lot of research online to figure out the differences between ...
  1. Hi, this is a great question as many people have wondered the same thing. The EIDG is the grant portion of the EIDL loan which does not have to be paid back. Th ... Read more

Hi, My firm received an EIDL loan from the SBA due to Covid. I'm wondering: a.) Does that money get marked as part of gross profit and/or income on our books? b.) Does the money we got from the loan count as ...
  1. Hi in most cases there were two parts to the EIDL loan. If you received two deposits the first deposit being between $1,000 - $10,000 and the second the balance ... Read more