If you or your business received funds from the Paycheck Protection Program (PPP), the recently passed Emergency Coronavirus Relief Act of 2020 will help to dramatically cut your tax bill. Here’s what you need to know. Background The CARES Act created the PPP program in March 2020. The program helps businesses adversely affected by the […]
PPP Loan Expenses Are Now Tax Deductible
Posted on 26. Jan, 2021 by Linda in COVID-19, IRS, PPP, Small Business Tips, Tax Updates
SBA Re-Opening Paycheck Protection Program to Small Lenders on Friday, January 15
Posted on 14. Jan, 2021 by Linda in COVID-19, PPP
The U.S. Small Business Administration, in consultation with the U.S. Treasury Department, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications on Friday, January 15, 2021 at 9 am ET. The portal will fully open on Tuesday, January 19, […]
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