Summary: IRS releases guidance on deductibility of expenses related to loans forgiven under the Paycheck Protection Program. It’s been a while since the Internal Revenue Service issued a late night batch of tax rules, but they did it again last night on November 18, 2020. They released their Revenue Ruling 2020-27 and Revenue Procedure 2020-51. […]
Just when it seemed like things in the tax world were starting to get back to a somewhat normal feeling, the US Treasury and Small Business Administration decided to release new Frequently Asked Questions on Paycheck Protection Program Loan Forgiveness. The Treasury’s website was updated today, August 4, 2020, with a new PDF document. You
NEW Frequently Asked Questions on PPP Loan Forgiveness 4 Aug 2020 Read More »
Howdy y’all. It’s Saturday morning on May 23, 2020 and I wanted to send out a quick update. Last night around 9:30 pm CDT on May 22, 2020, the Treasury dropped a couple new Interim Final Rules on their website related to the Paycheck Protection Program. Yes, you read that correctly, it was on the
PPP Forgiveness Guidance 5/23/2020 Read More »
The U.S. Department of the Treasury has released information related to the Paycheck Protection Program (PPP) for small businesses. This Program consists of loans to small (and not so small) businesses to help cover expenses like payroll, rent, and utilities. Background on the loans: The loans provide businesses with funds to pay up to 8
Paycheck Protection Program loan details revealed Read More »
This week has been the 2018 Small Business Week and there have been online resources available each day, as well as live events around the country. These resources were all publicized this week, however, most of them are available all year-long.Â
While #SmallBusinessWeek is ending, resources are available year-round Read More »
The 2018 Small Business Week started April 29, 2018 and runs through May 5, 2018. I wanted to take this opportunity to share some tax information for people thinking about starting their own small business.
Tax Topics for 2018 Small Business Week – Getting Started Read More »
The 2018 Small Business Week starts today and runs through the end of this week. This is an annual event hosted by the U.S. Small Business Administration. The SBA provides resources year-round for all small businesses and this week is the celebration of the contributions by entrepreneurs and small business owners. If you are starting
The 2018 Small Business Week starts today Read More »