Tax & Accounting Blog
Tax & Accounting Blog
The Biden administration on Monday, February 22 announced changes to the payroll protection program with the goal of helping small and minority owned firms as…
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Individuals who may be held responsible include CEOs, CFOs, Directors States are taking an aggressive approach to enforcing a business’ sales and use tax liability…
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The SBA and Treasury announced that it will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in…
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Late Friday evening, January 8, the SBA and the Treasury announced that the Paycheck Protection Program (PPP) will re-open the week of January 11 for…
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This week, the SBA and Treasury issued two interim final rules and a three-page document providing further guidance for the second round of PPP. The…
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Today, the Treasury and IRS issue formal guidance in Revenue Ruling 2021-02 https://www.irs.gov/pub/irs-drop/rr-21-02.pdf allowing tax deductions for eligible expenses tied to forgiven PPP loans, revoking last…
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I reported last week that the Covid-relief bill contained a provision that allowed business owners to deduct expenses paid for with PPP loans proceeds, which…
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More than 110,000 restaurants have closed permanently or long-term across the country as the industry grapples with the devastating impact of the Covid-19 pandemic. And…
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Online Sales for the Entire Holiday Shopping Season Forecasted at $184 Billion In my previous blog, I described how the consumer move to online shopping…
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After months of difficult, partisan discussions, Congress has agreed to the next Covid-19 economic relief package. At the time of this writing, the bill text…
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