Paycheck Protection Program
Latest
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Second Stimulus Check Update: Trump Signs Bill Authorizing Second Round of Stimulus Checks
Coronavirus and Your Money President Trump has signed a bill authorizing a $600-per-person second stimulus check. Hints that "much more money is coming."
By Rocky Mengle Published
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A Second Round of PPP Loans is Coming (With Some Improvements)
Coronavirus and Your Money PPP loans are getting a second life. There will be some helpful changes, like tax deductions for expenses paid with forgiven loan proceeds.
By Rodrigo Sermeño Published
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Good News! Business Owners Who Took PPP Will Get to Deduct Expenses After All
small business On Dec. 21, Congress finally delivered the news that struggling business owners were waiting for: They will be allowed to deduct the expenses they covered with loans from the Paycheck Protection Program on their taxes for 2020. Business owners now can breathe a sigh of relief.
By Eric Boughman, Attorney and Founding Partner Published
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IRS Leaves Business Owners Who Took PPP in a Tax Quandary
small business loans Can business owners deduct the expenses they covered with loans from the Paycheck Protection Program? The legislators who wrote the law say yes, they can. The IRS says no. Where does that leave businesses?
By Eric Boughman, Attorney and Founding Partner Published
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PPP Loan Forgiveness Applications are Now Easier
Coronavirus and Your Money Small businesses that received PPP loans of $50,000 or less can now apply for forgiveness using a simplified application form.
By Rodrigo Sermeño Published
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7 Ways PPP Loans Just Got Better
small business loans The Paycheck Protection Program Flexibility Act makes a number of changes to the popular small-business loan program. See how your business might benefit from the improvements.
By Rodrigo Sermeño Published
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8 Tips and Warnings on PPP Loan Forgiveness
loan forgiveness Not having to pay back Paycheck Protection Program loans is a huge benefit for small-business owners. But there are a lot of rules that must be followed to have a PPP loan forgiven.
By Rodrigo Sermeño Published
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Small-Business Owners Terrified of Keeping PPP Money Face Deadline Today
business The rules of the Paycheck Protection Program keep changing. And the latest rules change has some business owners thinking about giving their money back. Before they do, they should read this.
By Bruce Willey, JD, CPA Published
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The Stunning IRS Ruling That May Bankrupt Small Businesses That Took PPP Loans
small business loans The Paycheck Protection Program rolled out with great fanfare to help save small businesses during the coronavirus pandemic. But something the IRS just did could decimate much of that benefit.
By Bruce Willey, JD, CPA Published
small business loans