by Rupinder | Dec 21, 2020 | Uncategorized
Legislative text has been released for the next bipartisan economic relief package, which includes changes and enhancements to the Paycheck Protection Program (PPP). The 5593-page Consolidated Appropriations Act, 2021 includes several tax-related provisions. *Please...
by Rupinder | Dec 21, 2020 | Uncategorized
The bipartisan push on Capitol Hill for Paycheck Protection Program (PPP) deductibility has succeeded. Lawmakers confirmed late in the day on December 20 that a provision clarifying the congressional intent for the PPP that ordinary and necessary business expenses are...
by Rupinder | Dec 9, 2020 | Uncategorized
Treasury and the Small Business Administration (SBA) late in the evening of December 9 updated the Paycheck Protection Program (PPP) Loans FAQs regarding the recently imposed and controversial loan necessity questionnaires. Specifically, number 53 of the updated FAQs...
by Rupinder | Dec 7, 2020 | Uncategorized
The National Society of Accountants (NSA) attended on behalf of NSA members the U.S. Small Business Administration’s (SBA) Office of Advocacy December 4 Tax Roundtable discussion on the Paycheck Protection Program (PPP). The overarching consensus among guest speakers...
by Rupinder | Dec 2, 2020 | Uncategorized
The U.S. Small Business Administration (SBA) released late in the evening of December 1 the names, addresses, and precise loan amounts of all Paycheck Protection Program (PPP) borrowers. The disclosure comes after the United States District Court for the District of...
