The Biden Administration Announces Changes to PPP to Help Small Businesses
The latest round of Paycheck Protection Program (PPP) funding opened just one month ago. Compared to the same point in the Program last year: The share of funding going to …
Don’t Miss Your Chance to Get a PPP Loan
Did you miss out on the first two opportunities to receive your tax-free Paycheck Protection Program (PPP) cash? Many did miss out. Why? One reason: the word “loan.” Who wants …
Paycheck Protection Program (PPP) Re-Opens on January 11th
The SBA and the Treasury have announced that they will re-open applications for PPP Loans. PPP loans are low-interest loans provided through SBA-approved lenders and can only be used for …
What’s in the Proposed Coronavirus Relief and Omnibus Spending Bills?
Congress is on the verge of passing the next Coronavirus Relief bill and a large Omnibus Spending bill after months of gridlock. The two bills come in at $2.3 trillion, …
The IRS Clarifies their Position on PPP Loans
The IRS has issued new guidance on tax liability for PPP loan recipients. According to the new guidance, taxpayers cannot claim a deduction for any otherwise deductible expense if the …