Many business owners were nervous about taking the PPP loan because it was unclear if you could demonstrate the need for a loan if you had reserves to get through the crisis without it. The SBA has now made it … Read More
14
May, 2020
5
May, 2020
Loan Forgiveness under PPP Loan Provisions
Well, you probably saw this coming…
Turns out … if you received a PPP loan, the expenses you pay from the proceeds of this (forgivable) loan … are not deductible.
Ouch.
The IRS just released new guidance to this … Read More
2
Apr, 2020
Understanding the Paycheck Protection Provision Loan Program
Yes, the CARES Act for the Paycheck Protection Program was passed last Friday. It’s 800 pages and the banks are still feeling their way around to determine how to process these new loans. The complete guidelines have not been developed … Read More
