…Federal funding Cannot receive a Paycheck Protection Program (PPP) loan on or after December 27, 2020 (i.e. Round 2 PPP loan) Cannot be a strip club or similar business Cannot…
…(“PPP”) loan. This notice clarifies that no deduction is allowed under the Internal Revenue Code (“IRC”) for an expense that is otherwise deductible if the payment of the expense results…
SBA PPP LOAN FORGIVENESS RULES Many taxpayers have applied for or are in the process of applying for Payroll Protection Loans. These same taxpayers hope that they will qualify for…
…COVID-19 business assistance programs The law provides the following regarding COVID-19 business assistance programs: Retroactively allows the up to $100,000 Virginia-specific deduction for Paycheck Protection Program (“PPP”) loan forgiveness recipients…
…equal to the amount of its pandemic-related revenue loss, subtracted by the total amount a qualifying business received in all PPP loans. The Small Business Administration (SBA) will administer and…
…other sources are obligated to reimburse HHS has specified that providers who received PPP loans are eligible for these grants; however, the grant funds cannot be used to cover expenses…
…the conference on Techniques for Projections, Treatment of Paycheck Protection Program (PPP) Loans, Capitalized Cash Flow (CCF) vs Discounted Cash Flow (DCF) and more, Continue to the full article: 2021…
…state, regional or local agency or authority (including any Payroll Protection Program (PPP), Economic Injury Disaster Loan or any other federal funding related to the pandemic relief) Who is Not…
…to Paycheck Protection Program (PPP) loan forgiveness. Historically, Virginia generally conformed to the IRS and federal tax rules other than in limited circumstances. However, in recent years, Virginia has not…
SBA PPP LOAN FORGIVENESS RULES By Carroll D. Hurst, CPA | Director These are unprecedented times in our economy. Many difficult decisions are being contemplated by our government and those…
…informational purposes only based on the date published. The FFCRA, CARES Act, and SBA Paycheck Protection Program (PPP) are continually releasing new guidance that may change the information provided within…
…CARES Act, and SBA Paycheck Protection Program (PPP) are continually releasing new guidance that may change the information provided within this content. Keiter recommends that you perform your own independent…