Whether expenses paid with PPP funds are deductible or not is an issue that is still undecided according to this post from late 2020 via the Journal of Accountancy.
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Whether expenses paid with PPP funds are deductible or not is an issue that is still undecided according to this post from late 2020 via the Journal of Accountancy.
SBA settles confusion over PPP forgiveness application due date By Jeff Drew October 13, 2020 Fears of a late-October PPP surprise came to the SBA’s attention because the program’s loan forgiveness application forms display an expiration date of “10/31/2020” in the upper-right corner. This prompted the SBA to release a new entry in its loan […]
The U.S. Small Business Administration (SBA), in consultation with Treasury, released guidance Tuesday answering 23 frequently asked questions regarding the forgiveness of Paycheck Protection Program loans.