Dec 16, 2020 | Business, Tax Planning
You have asked us about the tax consequences of the Paycheck Protection Program (PPP) loans you have taken out in connection with the coronavirus (COVID-19) crisis that were subsequently forgiven. An eligible recipient may have a PPP loan forgiven in an amount equal...
Dec 1, 2020 | Business, Tax Planning, Tips
2020 has been quite a challenge, to say the least. The COVID-19 crisis brought massive unemployment, business closures, and an enormous amount of uncertainty. All of this has made 2020 seem like the year that never ends. In fact, I’m sure some of us can’t...
Aug 26, 2020 | Accounting, Business, News
Businesses Await Answers No Tax Deduction for Expenses Paid with Forgiven PPP Funds A tax surprise could be around the corner for business owners who participate in the federal government’s forgivable loan program — unless Congress intervenes. The PPP was created by...
