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Double Benefits: Claiming Both the ERC and Tax-Free PPP
First, say thanks to the Consolidated Appropriations Act, 2021 (CAA), enacted December 27, 2020. It opened the door (retroactively and going forward) for Paycheck Protection Program (PPP) participants to also […]
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New Stimulus Law Grants Eight Tax Breaks for 1040 Filers
The new, massive stimulus bill enacted into law on December 27, 2020, contains eight new tax breaks designed to help the non-business taxpayer. None of these tax breaks are earthshaking […]
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If the SBA Makes Loan Payments on Your Behalf, Are You Taxed?
The Small Business Administration (SBA), Paycheck Protection Program (PPP) loans, and Economic Injury Disaster Loans (EIDLs) have gotten the most attention from businesses seeking a quick cash infusion during the […]
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Business Tax Breaks Thanks to the Recently Enacted CAA
The Consolidated Appropriations Act (CAA) was signed into law on December 27, 2020. The legislation adds a few new federal income tax breaks for business and extends a bevy of […]
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