One major change is that PPP loans don't have to be spent almost entirely on payroll to qualify for forgiveness. Here's more on some of the changes to PPP loans. Originally, PPP loans were ...
I feel for the owners of small and midsized businesses right now: They are like sailors facing headwinds and choppy waters of a very tough business environment with very little visibility, and the ...
The Consolidated Appropriations Act (CAA) indicates that PPP loan forgiveness is non-taxable and all related deductions to the PPP loan forgiveness is allowed. Does this mean that the interest ...
8 Tips and Warnings on PPP Loan Forgiveness The Coronavirus Aid ... Another option would be to take the disputed deductions but file a Form 8275 Disclosure with the IRS, relying upon the statutory ...