PPP

There are 5 phases of PPP. Most businesses are somewhere in phase 2. There is a long road ahead with a lot of work left to be done and a lot of uncertainty. Companies that are truly relying on loan forgiveness for survival will be in real trouble if part Read more…

Taxability of PPP loan forgiveness As I write this on July 6, 2020, there is an 800-pound gorilla hanging out in the back of the PPP room that isn’t getting much attention these days. As things stand today, and despite the best efforts of Congress, the IRS has ruled that Read more…