Financial News

01/07/2021

Update on Treatment of PPP Covered Expenses (now fully deductible) & More Good News for SBA Debt Relief Payments

Many of you have read our recent blog regarding the position taken by the IRS on the deductibility of PPP...

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Financial News

01/06/2021

PPP2 is (almost) here!

On December 27, 2020, the Consolidated Appropriations Act was signed into law. This new bill included a $900 billion stimulus...

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Financial News

01/05/2021

Changes to the Employee Retention Credit Good News for Employers – Allows for Retroactive Tax Credit (or Payroll Tax Refund)

Included in the COVID Relief stimulus package signed into law on December 27, 2020 were significant changes to certain payroll...

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Financial News

01/05/2021

COVID Relief Act Provides NOL Carryback Changes for Farmers

In 2019 and prior years, farmers that generated a loss had two options: 1) carryback back the net operating losses...

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Financial News