PPP Loan Deductibility
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
Some PPP Forgiveness News…
Will PPP Loans and EIDL Advance be Taxable?
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
PPP Loan Forgiveness Applications Due Dec. 31, 2020 – But Please Don’t Wait Until the Last Minute!
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
More PPP Guidance Released by the SBA
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
Every Small Business Owner Needs a CFO – Especially Now
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
SBA Clarifies Last Week’s PPP Legislation
PPP Restrictions Eased – New PPP loan Legislation Just Passed
SBA Releases PPP Loan Forgiveness Application – Key Takeaways
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