April 14, 2021

With the COVID-19 pandemic still ongoing, the SBA has announced that beginning April 6, 2021, eligible small businesses and non-profit organizations can apply for up to 24 months of financial relief. In this article, we’ll explore the key takeaways from this newest announcement from the SBA, and how small businesses can best benefit from them.

December 28, 2020

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.

December 17, 2020

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.

November 30, 2020

While the Paycheck Protection Program (PPP) has been a lifeline for small businesses, it also comes with a variety of tax implications including questions surrounding whether or not forgiven loans are taxable or can be counted as grants.

October 20, 2020

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

September 2, 2020

The new IFR can greatly impact PPP loan forgiveness for rent or mortgage interest as well as S- and C-corporation employee-owners’ payroll compensation.

May 28, 2020

Do you know how to maximize your PPP Loan Forgiveness? Check out these clarifications for owner-employees and sole proprietors