One of the top issues with the Paycheck Protection Program (PPP) was the Internal Revenue Service (IRS) stance that forgiven expenses would not be tax deductible. That has changed as…
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Paycheck Protection Program eligible expenses expanded with the signing of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act on December 27, 2020. This will make it much…
The opportunity for business to take a second Paycheck Protection Program (PPP) loan became a possibility on December 27, 2020 with the signing of the Economic Aid to Hard-Hit Small…
NOTE: This has been changed with the passing of the COVID-related Tax Relief Act of 2020, enacted as part of the Consolidated Appropriations Act, 2021 (Act), Public Law 116-260, which…
Following up on our blog Paycheck Protection Program (PPP) Loan Forgiveness – November 2020 Update, there is one more point to make: tax implications. As I noted many times on…
We have begun preparing Paycheck Protection Program (PPP) loan forgiveness applications. There is a lot to this forgiveness process so here is a highlight of some key considerations as your…
It’s been a while since we chatted about the Paycheck Protection Program (PPP). Here is an update with insights and analysis on the latest with PPP. Forgiveness Processing We have…
Today, September 1 is the first day of the payroll tax deferral program per executive order by President Trump. Two weeks ago, I wrote an article 2020 Employee Payroll Tax…
With Congress unable to agree upon a new COVID relief \ stimulus package, President Trump signed an executive order on August 8, 2020 for an employee payroll tax deferral period….
The Paycheck Protection Program Flexibility Act was signed into law on June 5, 2020 creating a number of great provisions for existing and future borrowers. I have spent the past...
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