Recent

January 21, 2021

The New Changes In Employee Retention Credit: Explained

The Consolidated Appropriations Act, 2021, has brought a few changes to the employee retention credit. In this article, we’ll explain how the new changes in the employee retention credit differ from previous guidelines and what that means for small business owners.

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December 28, 2020

New Legislation Allows Tax Deductibility for Business Expenses Paid with Forgiven PPP Loans

All basic eligible expenses from PPP1 will transfer to PPP2. A few exceptions might include forgiveness for worker protection and PPE, and other necessary expenses such as software and account services.

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December 17, 2020

Payroll Expenses Paid For by PPP Ruled Non-Deductible

Small business owners will not be able to claim a deduction for otherwise deductible expenses if they were paid for by funds from a PPP loan. However, Congress says they are committed to addressing this issue by the end of the year.

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October 20, 2020

Do You Qualify For The Streamlined PPP Loan Forgiveness Application?

Learn the key points for the streamlined PPP loan forgiveness and if you qualify for the application.

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August 11, 2020

New SBA PPP Loan Forgiveness Guidance

Don’t forget to check out these essential key points and provisions about the new SBA PPP Loan Forgiveness Guidance to ensure a loan is applicable for forgiveness.

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May 14, 2020

PPP Safe Harbor Guidance for Small Businesses

Good News on Good Faith Certification for Small Businesses After much back-and-forth and a lot of confusion within the SBA and between the SBA, Department of the Treasury and Congress, we are very pleased to report that the most recent guidance, issued yesterday by Treasury, clarifies and simplifies the process for confirming that the PPP […]

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