There’s both good news (for some) and bad news (for many) as we round the corner into December.
And I’m not talking about our culture, or politics, or sports, or anything like that.
I’m talking about TAXES.
I’ll start with … Read More
PPP Loans
The IRS has clarified that if your loan money is forgiven, it won’t be considered taxable income. BUT, nor will it be eligible for tax deductions, even though you likely used it for expenses that normally would be … Read More
While the deadline gives everyone some breathing room, there are several different permutations that will be calculated to determine the best way for you to file for forgiveness. And there will be a flood of applicants at the end of … Read More
The SBA has issued more clarifications on the PPP… YES, it continues to get more complex. See the details below and please contact us if you have questions about how (and when) to best document, calculate and submit your Loan
As a small business owner, you may not feel you can justify the expense of a full time CFO. But there are times you absolutely need someone with a trained financial mind to help you make big decisions, plan for … Read More
GREAT news if you have a PPP loan or are still considering applying for one.
Congress moved quickly this week, and the president JUST signed it into law. We share the highlights of the new legislation below.
The SBA has released the much-anticipated form for businesses to apply for PPP Loan Forgiveness. The 11-page application goes a long way to resolve many of the questions and concerns businesses had anxiously wondered about loan forgiveness. At Emerald Financial
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