IRS ISSUES GUIDANCE ON DISALLOWANCE OF EXPENSES PAID WITH FORGIVEN PPP FUNDS
Article by: Jeff Skolnick, CPA, M.S. Taxation On Wednesday November 18th, 2020 the IRS issued guidance on the disallowance of…
PPP LOAN NECESSITY QUESTIONNAIRES
Article by: Jeff Skolnick, CPA, M.S. Taxation The SBA has developed two forms relating to the Payroll Protection Program (PPP).…
END OF YEAR STRATEGIES THAT CAN SAVE THOUSANDS!
Article by: Jeff Skolnick, CPA, M.S. Taxation It is already November and i you are looking to reduce your income…
DEDUCTING LONG-TERM CARE EXPENSES
Article by: Jeff Skolnick, CPA, M.S. Taxation According to a survey on the Genworth website, the cost of assisted living facilities…
SIMPLIFIED PPP FORGIVENESS FOR PPP LOANS $50,OOO AND UNDER
Article by: Jeff Skolnick, CPA, M.S. Taxation On Thursday October 8th, the Treasury and the SBA issued an Interim Final…
TREASURY ISSUES GUIDANCE ON PAYROLL TAX DEFERRAL
Article by: Jeffrey Skolnick, CPA, M.S. Taxation On August 28th, the Treasury issued Notice 2020-65 to provide guidance on the…
SBA ISSUES PPP FORGIVENESS FOR OWNERS WITH LESS THAN 5% OWNERSHIP
Article by: Jeffrey Skolnick, CPA, M.S. Taxation On August 24th, the SBA issued their latest Interim Final Rule on PPP…
PRESIDENT ISSUES 4 EXECUTIVE ORDERS RELATING TO CORONAVIRUS
As most people know the $600 per week Pandemic Unemployment Assistance (PUA) officially ran out on July 31st. While Congress…
SBA & TREASURY ISSUE FAQs ON PPP LOAN FORGIVENESS
On Tuesday, August 4th, 2020, the SBA and Department of Treasury issued a list of Frequently Asked Questions (FAQs) regarding…
WHY YOU SHOULDN’T RUN TO PPP FORGIVENESS & HOW TO STILL APPLY FOR PPP
Article by: Jeffrey Skolnick, CPA, M.S. Taxation I want to start this article off by discussing why I believe it…