Will I be taxed for my forgiven PPP loan?

2020-11-28T16:52:12+00:00

  The CARES Act spells out that the forgiven loan amount won’t be included in taxable income. That means you don’t pay taxes on the money that you receive. The aim of this loan is to provide businesses with the money to keep running and continue paying employees, not to create a tax burden for businesses receiving the [...]

Will I be taxed for my forgiven PPP loan?2020-11-28T16:52:12+00:00

THE 2020 ECONOMY MANADATES EARLY TAX PLANNING

2020-11-28T16:26:22+00:00

Every financial transaction, whether you are an individual or a business owner, has the potential to affect your tax strategy. The many twists and turns of 2020 have added new complexities.  Combinations of Paycheck Protection Program (PPP) loans, Cares Act payroll tax deferral, unemployment benefits are just of few of the unfamiliar issues that are new [...]

THE 2020 ECONOMY MANADATES EARLY TAX PLANNING2020-11-28T16:26:22+00:00
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