Paycheck Protection Forgiveness: What Bridal Shops Need to Know
Bridal stores were caught in a flurry of emotions when the Paycheck Protection Flexibility Act was...
What should bridal shops consider when evaluating whether or not to apply for paycheck protection program (PPP) forgiveness or the employee retention tax credit? And should you apply for both?
In the video below, Ingrid Heilke of BridalVision and CPA, CGMA, Bette Hochberger discuss how to go about making these decisions, and what the difference is between the options available to bridal boutiques.
Watch the video below to learn what bridal shop owners should consider.
The calculator used in the video can be downloaded here.
If you need help applying for PPP forgiveness, or have other questions, visit our COVID-19 response page to learn how we're helping bridal store owners navigate COVID-19.
When I found the world of bridal stores, I found a community of business owners that were solely dedicated to the beauty and transformation of a moment in other women’s lives, but were sacrificing themselves to make it happen. I found loving people who would go hundreds of thousands of dollars into debt to make a moment in someone else’s life beautiful. Guiding bridal store owners to a financial future that does not ask them to sacrifice themselves, but rather, thanks them for the ways that they touch the lives of others has been deeply rewarding.