Haven’t filed your 2019 business tax return yet? There may be ways to chip away at your bill

The extended federal income tax deadline is coming up fast. As you know, the IRS postponed until July 15 the payment and filing deadlines that otherwise would have fallen on or after April 1, 2020, and before July 15. Retroactive COVID-19 business relief The Coronavirus Aid, Relief and Economic Security (CARES) Act, which passed earlier […]

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SBA Updates on PPP Loan Forgiveness

The U.S. Small Business Administration (SBA) released a new Interim Final Rule (IFR) which revises two previously-released IFRs.  These IFRs deal with Paycheck Protection Program loan forgiveness and SBA loan procedures.  The changes are due to the recent amendments to the PPP Flexibility Act (PPPFA). The new IFR is inline with previous rules reflecting PPPFA […]

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