Not Your Ordinary Bean Counters
November 2023 This article aims to get the IRS to owe you money. Of course, the IRS will not likely cut you a check for this money—although in the right circumstances, that will happen. But in most cases, you’ll probably realize the cash when you pay less in taxes. This article gives you six powerful … Read more
This is likely it—your last chance to obtain first- and second-draw Paycheck Protection Program (PPP) monies. A new law, the PPP Extension Act of 2021, extends the expiration date to the later of May 31 or when the money runs out. Note the phrase “when the money runs out,” and be forewarned that this can … Read more
Small businesses could have an easier time getting full forgiveness under the proposed legislation. The Republican-driven Health, Economic Assistance, Liability Protection and Schools (HEALS) Act would make some major changes to how forgiveness works under the Paycheck Protection Program (PPP). The proposed legislation would make a wider range of expenses eligible for forgiveness. It would … Read more
The U.S. Treasury has issued borrower guidance related to calculating eligible loan amounts and the required supporting documents. Please review this guidance and provide the required information and supporting documents required for your entity type. You will be required to certify the accuracy of this information on your loan application. Please be advised that not … Read more