PPP Loan Recipients: Take Advantage of the Employee Retention Credit Retroactively!

Before the December 27, 2020, enactment of the new COVID-19 relief law, you may have chosen the Paycheck Protection Program (PPP) loan and given no thought to the employee retention credit. Remember, under the original law, you had to choose

Eligible Paycheck Protection Program Expenses are Now Tax Deductible

The Treasury Department and the IRS issued guidance allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the Paycheck Protection Program (PPP). Revenue

Tax Updates for 2021

Does it seem like you just did your taxes? Even though you may have filed your individual return during the summer of last year, your 2020 tax return is due on April 15th! There are lots of changes this year,

Tax Updates for 2022

Does it seem like you just did your taxes? Even though you may have filed your individual return during the summer of last year, your 2021 tax return is due on April 18th! There are lots of changes this year, so let’s go over some of the most important ones. The Recovery Rebate Credit/Coronavirus Stimulus

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