Salon Today
MenuMENU
SearchSEARCH

Navigating the Confusion Around PPP

While the PPP loans helped many owners through an unimaginable crisis, there still is a lot of confusion and frustration around the loans. Kopsa Otte's April McDaniel shares those frustrations and provides the latest document to address some of the concerns.

by April McDaniel, CPA, CRSP, Kopsa Otte
June 1, 2020
Navigating the Confusion Around PPP

 

2 min to read


"We are in this together!"  This has been a  common theme during this Covid 19 pandemic, for sure. 

As an accountant who typically spends my time helping salon owners understand their financials and save money on taxes, I’d never have guessed how I’d spend the Spring of 2020. I’m sure I share this feeling with all my friends in the beauty industry and those in the professional accounting/tax world.

Ad Loading...

Times are not normal.  Our lives are not about tax savings and financial statements right now.  It’s about surviving this crisis.  It’s about pivoting and providing what our clients need us to do RIGHT NOW. 

Right now, that’s dissecting and communicating the vague and late-coming guidance surrounding the Paycheck Protection Program – the dreaded PPP loans.  I say dreaded because it’s SO complicated. 

It was sold by many to be free money as long as you spend 75 percent on payroll.  Well, we all know there are always rules that go along with any government program. 

I have to give props to our fearless leaders in Washington D.C. for getting this program out so quickly.  The challenge has been that guidance on these programs has followed too late. 

My conversations with owners vary from ending in tears because there is no opening date to celebrating grand re-openings.  My days are filled with walking through a forgiveness calculator with clients that changes weekly, sometimes daily. 

Ad Loading...

For some, the risk of paying payroll without the rules is too much.  To complicate things further, they can’t match what their team is getting on unemployment.  Another big flaw.

Our role has been to provide guidance to our clients on what we do know and expose the risk associated with what we don’t know.  And, I have to say I’m tired of saying “I don’t know!” 

I’m hopeful that the 8-week period will be extended and that we get more clarification on the rules, but unfortunately for those who got their money early in the first round, the answers may come too late.

We will keep doing our best to help given the guidance and lack of guidance that we have.  I’m proud to be part of the Kopsa Otte team & be surrounded by this wonderful industry. 

Here are some links to some new, and not so new information, surrounding this topic: 

Ad Loading...

Journal of Accountancy Article on the new Interim Final Rules, issued May 22.

The most up-to-date FAQ for the PPP Program


Subscribe to Our Newsletter

More Salon Management

Ad Loading...
Cover of whitepaper

How AI Is Closing Revenue Gaps for Salons and Spas

The beauty and wellness businesses pulling ahead aren’t just working harder—they’re using AI to capture demand, personalize pricing, and convert more of every guest interaction into revenue. Here’s what the benchmark data reveals about the growing gap between AI adopters and everyone else.

Sponsored by Zenoti

copy of the whitepaper cover

The Premium Talent Magnet: The Modern Salon Playbook for Attracting Six-Figure Stylists

Stop chasing recruitment ghosts on generic job boards and start curating an elite team. Discover the framework that top-tier salons use to bypass phone tag, automate visual portfolio vetting, and attract high-earning, culture-first beauty professionals directly through real-time messaging. Turn your recruitment process into an exclusive brand invitation that keeps your highest-ticket chairs permanently filled.

Sponsored by Beautista

Cover of the whitepaper

Five Revenue Leaks Hiding in Your Salon

Your calendar looks full, but is all of that demand actually converting to revenue? From phantom rebookings to underpriced peak hours, the 2026 Benchmark Report exposes five revenue leaks that most beauty and wellness businesses don’t even know they have.

Sponsored by Zenoti

Nicki Wenz (above) and Allison Stock of Zandi K Salon

The Heartbeat of Zandi K's Success

After moving to Colorado and teaching at a cosmetology school, Allison Stock joined Zandi K as a stylist, eventually becoming part of the Leadership Team, Education Team and Master Bridal Team. Today, as Director of Operation, Stock is Owner Nicki Wenz's right hand, managing human resources and operations, education and career development, and coaching and culture.

Ad Loading...
Solar panels on a commercial building.

Shedding Light on Solar Tax Credits for Your Beauty Business

Buried inside the One Big Beautiful Bill Act are federal solar tax credit changes that deserve your attention now. Two of the credits that matter most to commercial property owners, the Investment Tax Credit and the Production Tax Credit, are still available, but only if you move fast. A third, the Commercial Building Energy Efficiency Deduction, has a hard termination date that is closer than most people realize.

The Salon Ghost Report: Stop Wasting Hours Chasing Unqualified Applicants

Up to 40% of hair stylists ghost the salon interview stage, leaving owners trapped playing endless phone tag with uncommitted applicants. This data-driven report breaks down why traditional job boards create recruitment friction and reveals the modern messaging strategies high-growth salons use to get pre-qualified talent to actually show up. Learn how to transition from cold calling to high-conversion conversations that protect your time and fill your chairs.

Sponsored by Beautista

2026 Beauty & Wellness Summer Marketing Calendar

Keeping your appointment book full when clients are in vacation mode takes more than a good Instagram post. It takes a plan. The 2026 Summer Marketing Calendar from Meevo gives salon, spa & med spa owners a month-by-month roadmap with sharp themes, key opportunity dates, and campaign ideas specifically designed for the beauty & wellness industry. Here’s to your summer season working as hard as you do!

Sponsored by Millennium Systems International

Ad Loading...