Sign Up for Our Newsletters

Congress made changes to the PPP loans in the end of year Pandemic Relief Package.  If you received a PPP loan four major changes impact you: The regular business expenses paid with the PPP proceeds will be tax-deductible. While only 40% of PPP proceeds can be used...

The year-end pandemic relief bill expanded the employee retention tax credit beginning January 1, 2021.  The prior credit was limited to $5,000 per employee.  The expanded credit can apply to up to $14,000 per employee. Under the previous rules, an employer had to...