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PPP Round 2

A new round of Paycheck Protection Program (PPP) loans have been announced as part of the massive legislation that was signed into law on December 27, 2020. As with the first PPP, the loan is forgiven if spent on allowable expenses and the funds are limited. It is...

COVID-19 and the IRS

We knew COVID-19 was going to have an effect on tax return processing, but we didn’t know it would still be going on. Honestly, the IRS didn’t think it would either. During the midst of the pandemic, a lot of federal offices closed, including the IRS....