The possible tax consequences of PPP loans

(CARES ACT), COVID-19, Income Tax, Internal Revenue Service (IRS), Paycheck Protection Program, Small Business, Small Businesses Administration /

If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be aware of the potential tax implications. PPP basics. The Coronavirus Aid, Relief and Economic Security (CARES) Act, which was enacted on March 27, 2020, is designed to provide financial assistance […]

The possible tax consequences of PPP loans Read More »