The U.S. Small Business Administration (SBA) recently launched a streamlined application portal to allow borrowers with Paycheck...

On March 3, SBA released the latest guidance, benefitting specifically Schedule C filers (NOT S corps or partnerships). Here it is, in a...

At the direction of the White House and effective on Wednesday, February 24, 2021, the SBA will establish a 14-day, exclusive PPP loan...

Today, the Biden-Harris administration announced the following modifications to the PPP program: Institute a 14-day period, starting...

Congress passed, and President Trump signed, the Consolidated Appropriations Act, 2021. Included in its approximately 5,600 pages is a...

Congress passed, and President Trump signed, the Consolidated Appropriations Act, 2021. Included in its approximately 5,600 pages is a...

The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP loan to apply for a Second...

After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters,...

After several months of the Republicans and Democrats not being able to agree on additional COVID-related tax relief and other matters,...

On December 21, Congress passed a much needed COVID-19 relief bill and the President is expected to sign the bill today. The key points...

Previously we shared that the IRS will disallow deductible expenses for businesses with PPP loans and to write your congressional...

With the debate between Congress and IRS continuing, this an opportune time for small business owners to try to influence congressional...

In response to the IRS ruling on the deductibility of forgiven PPP loans, Congress recently made a joint statement saying the Treasury is...

In guidance issued on Wednesday, November 18, IRS reiterated its position that taxpayers cannot claim a deduction for any otherwise...

The whole process of obtaining a PPP loan and applying for forgiveness has been complicated from the start...