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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....

Important Update Regarding PPP Expenses

As many of you have started to receive funds from the Small Business Association’s (SBA) Paycheck Protection Program (PPP) loans provided by their lenders, I wanted to offer you some suggestions for tracking the use of these PPP loans. It is essential that you are...

Where Is My Stimulus Payment??

This week was the one that millions of Americans have been waiting for: their stimulus payments. On April 15th 2020 people began receiving the $1,200 stimulus checks from the federal government as part of the $2.2 trillion-dollar Coronavirus Aid, Relief, and Economic...