Coronavirus relief legislation passed in 2020 included an additional $284 billion for Paycheck Protection Program (PPP) loans to help small businesses pay employees and stay open. That second round of funding is now available. Some eligibility requirements have changed, and forgiveness rules have been eased a bit. In addition to first-time applicants, some businesses that …
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The rules and requirements associated with the Paycheck Protection Program (PPP), administered through the Small Business Administration, have undergone some changes as the program has evolved. If you’ve received these funds, check with your lender or CPA periodically to ensure that you’re in compliance.
June 30th is the deadline to apply if you haven’t already and are eligible. Let’s review the basics.
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The Tax Cut and Jobs Act was President Trump’s first attempt at tax reform and makes major changes to both individual and business income taxation. Initially touted as simplifying tax code, it actually added more than 500 pages. Generally affecting tax years beginning after December 31, 2017, some provisions are intended to be permanent and …
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