Unfortunately, the COVID-19 pandemic has forced many businesses to shut down. If this is your situation, we’re here to assist you in any way we can, including taking care of the various tax obligations that must be met. Of course, a business must file a final income...
If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be aware of the potential tax implications. PPP Basics The Coronavirus Aid, Relief and Economic Security (CARES) Act,...
By: John “Jack” Kiley, CPA, CISP As the second tranche of Paycheck Protection Program (PPP) Loans draws to a close and the Country begins to open for business, the Government deserves some credit. The program was bold and with good intent (as many...
