Businesses
PPP Expenses not Deductible
The IRS has come out with Revenue Ruling 2020-27, which gives us some direction on how to treat the PPP loan and the related expenses.
November 30, 2020
The IRS has come out with Revenue Ruling 2020-27, which gives us some direction on how to treat the PPP loan and the related expenses.
Paycheck Protection Program (PPP) borrowers of $50,000 or less now have an opportunity to apply for forgiveness using a simplified application that has been released.
The SBA has updated its website and created a user friendly site outlining all of the loan programs available to small businesses as emergency loans.
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