Clayton & McKervey, a certified public accounting and business advisory firm helping growth-driven companies compete in the global marketplace, has immersed itself into the inner workings of the latest COVID-19 stimulus package to fully serve its clients. The firm announced a new stimulus benefits check-in service designed to help clients generate additional cash flow by leveraging PP1 loans, PPP2 loans, and the Employee Retention Credit (ERC).
“Our knowledge of government stimulus programs has been of great value to clients and closely held businesses in need of this guidance,” Shareholder Jim Biehl, CPA and leader of the firm’s manufacturing & distribution practice said.
The Clayton & McKervey stimulus benefits check-in service includes an analysis of PPP loans and the ERC:
- ERC: Reviews ERC eligibility and the associated benefits by helping businesses navigate the nuances of the ERC rules to keep employees on their payroll.
- PPP1 & ERC: Helps businesses maximize employee wages so they can receive full loan forgiveness on PPP1 and qualify for 2020 ERC.
- PPP2 & ERC: Designed for businesses who have had a 25% reduction in gross receipts in any quarter in 2020, compared to 2019. Looks at how to take advantage of PPP2 and ERC in 2021.
“The role of the CPA as business advisor has never been clearer than it is now,” Biehl said. “Our clients want loan forgiveness and tax advice from professionals who know their business and industry; they want to be assured they are receiving proper loan guidance and responsive follow-through from a trusted source.”
About Clayton & McKervey
Clayton & McKervey is a full-service CPA firm helping middle-market entrepreneurial companies compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit claytonmckervey.com.