May 1, 2020 | COVID-19 Response, Firm Updates
The Small Business Administration (SBA), in consultation with the Department of the Treasury, has provided guidance to assist businesses in calculating their payroll costs for purposes of determining the amount of a Paycheck Protection Program (PPP) loan businesses...
May 1, 2020 | COVID-19 Response, Firm Updates
The forgiveness of the Paycheck Protection Program (PPP) was deemed as nontaxable by the CARES Act. However, last night, 4/30/2020, the IRS released IRS Notice 20-32 which provided guidance that the expenses used to document and earn forgiveness for the PPP loan would...
