Video: Paycheck Protection Loan vs. Employee Retention Credit

Small Business

Andy Smith

Many businesses are eager to apply for the new Paycheck Protection Program Loans available from the CARES Act. But, did you know your business can either take advantage of a Paycheck Protection Loan, or claim the Employee Retention Credit? The best choice for you depends on a few factors. In this video, Numberwise Accounting owner, Andy, walks through each option and how they differ.

For more info on the Paycheck Protection loan, here’s a link to a video walk-through by Andy.

For more info on the Employee Retention Credit, check this out this guide from the US Chamber of Commerce or this FAQ from the IRS.

Check out our COVID-19 resource page for more blog posts, videos and helpful information for businesses during the Coronavirus pandemic.

About the Author

Andy Smith

Andy Smith, Founder of Numberwise, has been a CPA since 2004 (pretty impressive, huh?). He leads the strategic vision of the company, signs all those fun tax returns, and tries not to get in the way too much. Learn more about Andy and the rest of the team on the About Us page.