by Integrated Tax Services | Jan 4, 2021 | Business
If you or your business received funds from the Paycheck Protection Program (PPP), the recently passed Emergency Coronavirus Relief Act of 2020 will help to dramatically cut your tax bill. Here’s what you need to know. Background The PPP program was created by the...
by Integrated Tax Services | Dec 3, 2020 | COVID-19
The time has come for businesses to start the application process for Payroll Protection Program (PPP) loan forgiveness. Last week, the IRS released Revenue Ruling 2020-27 which provides clarification on PPP loan forgiveness and deductibility of expenses incurred with...
by Integrated Tax Services | Aug 3, 2020 | Business, COVID-19
More than 70% of small businesses in America now have loan proceeds from the Paycheck Protection Program (PPP) to help retain employees during the current pandemic. The entire amount of a PPP loan is eligible to be forgiven if the funds are used for qualified...
by Integrated Tax Services | Jun 29, 2020 | Business
Small business owners, self-employed workers and freelancers received some welcome news when Congress recently passed the Paycheck Protection Flexibility Act. This new law clarifies how businesses can qualify to have all or a portion of its Paycheck Protection Program...
by Integrated Tax Services | Jun 12, 2020 | COVID-19, Integrated Tax Services
Thinking about the Payroll Protection Program loan forgiveness? You are not alone. For those of you who received funding in the first round of payments, that 8-week deadline for using the funds is fast approaching. Many of you have looked at the loan forgiveness...
