News, Insights & Events

Paycheck Protection Program (PPP) Audit Defense Team

August 18, 2020

David J. Gundlach

Sands Anderson PC

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Richmond, Virginia

To stay a step ahead of the needs of the market and our clients, Sands Anderson has formed the PPP Audit Defense Team to steadily navigate our clients through the turbulent and uncertain legal and regulatory waters of the Paycheck Protection Program (PPP) and Coronavirus Aid, Relief and Economic Security (CARES) Act.  Our new multi-disciplinary team stands ready to serve your unique legal needs related to the PPP, CARES Act, and COVID-19 pandemic relief legislation and governmental actions.

Sands Anderson’s dedicated PPP Audit Defense Team can provide adaptive, thorough, and attentive guidance to individuals and businesses in government and lender audits, investigations, and legal proceedings related to the PPP and the CARES Act. Our team combines multiple specialties to bring a coordinated, holistic approach to counsel you through the thicket of laws, regulations, and SBA guidance generated by the government’s response to the COVID-19 pandemic. Our PPP Audit Defense Team draws upon extensive legal experience of more than 125 years to address your novel legal challenges.

Congress’s COVID-19 relief legislation has provided a much-needed economic stimulus and safety net, but it has created new risks for businesses and individuals who elect to make use of the available benefits.  Our PPP Audit Defense Team advises clients on pre-audit and pre-investigation preparations to develop defenses and documentation to lay the proper foundations if and when an audit or investigation happens.  Our team counsels clients on business opportunities within and compliance with the CARES Act and related IRS rules and regulations, including significant tax benefits to businesses and individuals such as Employee Retention Tax Credits and Federal Payroll Tax Deferrals.  If an audit, investigation, or proceeding against you or your business begins, our PPP Audit Defense Team will creatively design the specific legal strategies and steps for you to take to protect you and your business.

Our team provides the following services:

• Pre-audit and pre-investigation consulting and preparation
• SBA, IRS, and Virginia Employment Commission audit and investigation defense
• Department of Justice and IRS criminal and civil litigation defense
• PPP, CARES Act, and tax law advice and compliance guidance

If you would like to speak to an attorney about a legal issue you are facing, please contact a member of our PPP Audit Defense Team.