Reporting PPP forgiveness for income taxes
With all this talk about forgiveness, you would think we all did something wrong. That is certainly not the case! Thankfully, most of you who…
With all this talk about forgiveness, you would think we all did something wrong. That is certainly not the case! Thankfully, most of you who…
President Joe Biden signed the Paycheck Protection Extension Act of 2021 into law today. The new law extends the filing deadline for Paycheck Protection…
There is a new Paycheck Protection Program (PPP) formula for business operations that report their taxes on a Schedule C with their personal tax returns.
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The Employee Retention Credit — ERC tax credit — was not available to you in 2020 if you took Paycheck Protection Program…
Now that the Coronavirus Economic Relief for Transportation Services (CERTS) Act and a second round of PPP have become law, motorcoach operators are seeking…
PPP forgiveness is a hot topic for small businesses these days. While the Small Business Administration started accepting PPP forgiveness applications in August, it just…
Tracy Fickett has successfully paired her love of accounting with her passion for the motorcoach industry.
Her mom, Elaine Fickett, and sister, Jody Merritt, operate…
Today House lawmakers approved the Paycheck Protection Program Flexibility Act, a measure that will modify the Paycheck Protection Program to address the concerns of…
The Paycheck Protection Program has been an anchor for the family-owned Annett Bus Lines in Sebring, Florida as the operator weathers the pandemic-triggered economic crisis.
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Editor’s note: The answers to these questions reflect the latest information based on the guidance from the U.S. Treasury as 4/29/20.
President Donald Trump and…