SBA

IRS releases guidance on deductibility of expenses related to loans forgiven under the Paycheck Protection Program.

IRS drops a bomb and answers the question: Can a taxpayer deduct expenses related to their Paycheck Protection Program (PPP) Loans?

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. […]

IRS drops a bomb and answers the question: Can a taxpayer deduct expenses related to their Paycheck Protection Program (PPP) Loans? Read More »

NEW Frequently Asked Questions on PPP Loan Forgiveness 4 Aug 2020

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

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Paycheck Protection Program loan details revealed

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

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While #SmallBusinessWeek is ending, resources are available year-round

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. 

While #SmallBusinessWeek is ending, resources are available year-round Read More »

The 2018 Small Business Week starts today

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 »