COVID-19 Relief bill:Consolidated Appropriations Act, 2021
On December 21, 2020, U.S. Senate and House of Representatives passed a $900 billion COVID-19 relief bill, ...
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The possible tax consequences of PPP loans
If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with ...
Frequently Asked Questions on PPP Loan Forgiveness
Small Business Administration released guidance to address borrower and lender questions concerning ...
Senate passes changes to PPP Loan
On Wednesday, June 3, the U.S. Senate passed the Paycheck Protection Flexibility Act and President ...
Additional PPP Guidance Released May 22, 2020
SBA released new Paycheck Protection Program (PPP) guidance on Friday, May 22nd. The new interim final rules build ...
Record Keeping for PPP Loan
(This information is from the Forgiveness Application that was released on May 15, 2020)
Documents ...
Fortunate enough to get a PPP loan? Forgiven expenses aren’t deductible
The IRS has issued guidance clarifying that certain deductions aren't allowed if a business has received a ...
SBA released PPP loan forgiveness application
On Friday, May 15th, SBA released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed ...
Hardship certification for PPP loans under $2,000,000
The PPP loan application requires all applicants to make a hardship certification. The wording of the ...
SBA allows for an increase to existing PPP loans to partnerships
On May 13th, the SBA issued a new interim final rule allowing partnerships to increase existing PPP ...