Understanding & Planning for PPP Forgiveness

Join our upcoming webinar to learn about the PPP forgiveness timeline, eligible expenditures, and get guidance maintaining documentation. Our presenters will also cover recent updates, and provide tips on how to integrate PPP into your business planning. This webinar will feature a live Q&A session – so bring your questions!

By |2020-06-01T13:07:14-04:00May 29th, 2020|Categories: |Tags: , , , |Comments Off on Understanding & Planning for PPP Forgiveness

Fortunate Enough To Get A PPP Loan? Forgiven Expenses Aren’t Deductible

The IRS has issued guidance clarifying that certain deductions aren’t allowed if a business has received a Paycheck Protection Program (PPP) loan. Specifically, an expense isn’t deductible if both: The payment of the expense results in forgiveness of a [...]

By |2020-05-18T12:30:50-04:00May 18th, 2020|Categories: Blog, COVID-19, Tax|Tags: , , , |Comments Off on Fortunate Enough To Get A PPP Loan? Forgiven Expenses Aren’t Deductible

PPP Update: SBA Issues Loan Forgiveness Application

On Friday afternoon, the SBA released additional guidance on several key elements related to PPP forgiveness, as well as a PPP Loan Forgiveness Application. Some areas that have been better defined, include: Alternative Payroll Covered Period Added For payroll [...]

By |2020-05-16T15:17:45-04:00May 16th, 2020|Categories: Blog, Consulting, COVID-19, Frank Balestreri, Small Business Services|Tags: , , , , , , |Comments Off on PPP Update: SBA Issues Loan Forgiveness Application

Paycheck Protection Program: Forgiveness Checklist

If you've secured funding from the Paycheck Protection Program – now is the time to get a head start on gathering the documents you'll need to apply for forgiveness. Our checklist provides: A quick overview of what to expect [...]

By |2020-05-14T14:48:55-04:00April 24th, 2020|Categories: Blog, Consulting, COVID-19, Frank Balestreri, Kevin Shives, Small Business Services|Tags: , , , , |Comments Off on Paycheck Protection Program: Forgiveness Checklist

The SBA EIDL and PPP Loans and Their Tax Implications

Among the many relief provisions passed by Congress in recent days are loans focused on small businesses. This isn't entirely new to the SBA, which has long been in the loan business, but recently passed laws supercharged the offerings. [...]

By |2020-04-02T21:34:01-04:00April 2nd, 2020|Categories: Blog, COVID-19, Small Business Services|Tags: , , , |Comments Off on The SBA EIDL and PPP Loans and Their Tax Implications