As of today, congress has yet to present legislation to repair the glaring taxation burden that has arisen as a result of the Payroll Protection Program loan forgiveness. The tax code states that expense paid for from funds for which the business owner has no basis...
Over the last few months, we have instructed many of our clients that, even when their banks begin accepting PPP loan forgiveness applications, to hold off on submitting theirs. One of the reasons for that advice has been to allow the forgiveness process to continue...
Another day, another dummy. It seems that every day there’s a new story like the one linked below. Make sure you have documented and used your PPP funds only for approved purposes. By doing so, you will maximize your loan forgiveness and avoid the ‘cuffs this...
The SBA has released a new, streamlined, and simplified forgiveness application for borrowers whose loans were for an amount of $50,000 or less. The application is MUCH simpler than previous versions and will speed the forgiveness processing times for lenders. View...
