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  • Read more about the article PPP Second Draw

    PPP Second Draw

    • Post author:bullcpa
    • Post published:January 19, 2021
    • Post category:Coronavirus News/PPP loans
    • Post comments:0 Comments

    Changes to Paycheck Protection Program Second Draw At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the COVID-19…

    Continue ReadingPPP Second Draw
    Read more about the article Great News Regarding PPP Loan Forgiveness!

    Great News Regarding PPP Loan Forgiveness!

    • Post author:bullcpa
    • Post published:December 28, 2020
    • Post category:2020 Tax Updates/PPP loans
    • Post comments:0 Comments

    The CARES Act provides that a recipient of a PPP loan may use the loan proceeds to pay payroll costs, certain employee benefits relating to healthcare, interest on mortgage obligations,…

    Continue ReadingGreat News Regarding PPP Loan Forgiveness!
    Read more about the article Loan Forgiveness for the Paycheck Protection Program

    Loan Forgiveness for the Paycheck Protection Program

    • Post author:bullcpa
    • Post published:November 24, 2020
    • Post category:2020 Tax Updates/PPP loans
    • Post comments:0 Comments

    The IRS recently released two documents related to PPP loan forgiveness.Revenue Ruling 2020-27: This addresses the deductibility of covered expenses when the loan is expected to be forgiven. Situation 1-During…

    Continue ReadingLoan Forgiveness for the Paycheck Protection Program

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