by Franskoviak Tax Solutions | Jan 15, 2021 | current events, Information, PPP
The US Small Business Administration has approved, and lenders will now be open for funding of PPP1 and PPP2 first and second round draws loans as of Monday January 19, 2021. They anticipate there will be enough funding for all borrowers for PPP2. as is the case for...
by Franskoviak Tax Solutions | Dec 23, 2020 | Information, PPP, tax planning, taxes
Many of our clients have been asking about the Paycheck Protection Program loans and the tax effects of forgiveness and deductibility of related expenses. This has been a point of great consternation in the months since the CARES Act was passed. The Internal Revenue...