WASHINGTON – The Treasury Department and the Internal Revenue Service recently issued guidance allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the...
Paycheck Protection Program
Eligible Paycheck Protection Program Expenses Now Deductible
WASHINGTON – The Treasury Department and the Internal Revenue Service issued guidance allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the Paycheck...
New Stimulus Has Plenty for Small Business
The pandemic relief package (Consolidated Appropriations Act, 2021) gives a break to small businesses by reopening the Paycheck Protection Program so that some of the hardest-hit small businesses can apply for a second loan. The new round of loans will be limited to...