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January 25, 2021

Small Business Owner’s Guide to Receiving Both PPP Loans and the ERC

Thanks to a slew of changes in the existing Employee Retention Credit (ERC), businesses can be eligible for both ERC and PPP loans. In this article, we’ll discuss how businesses can get both PPP loans and the ERC.

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January 21, 2021

Everything You Need To Know About Tax Deductions And Allowable Expenses For PPP Loans

The forgivable PPP loan was introduced to revitalize struggling businesses but it came with a tax caveat. In this article, we’ll explore how the new changes impact eligible expenses and deductible tax.

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January 15, 2021

Maryland Offers “Economic Stimulus” Tax Relief to Some Businesses, Workers

Maryland is now offering a tax-relief to small businesses, independent contractors, and other self-employed citizens in response to the COVID-19 pandemic. Income tax returns and payments will now be extended until April 15.

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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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