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Applying for PPP loan forgiveness-Can I do it myself?

Applying for PPP loan forgiveness-Can I do it myself?

by diamondcpas | Mar 26, 2021 | Business Accounting

The latest relief bill reduces paperwork and expands coverage for PPP Loan Forgiveness Program While owners of businesses of all sizes gear up to apply for the Paycheck Protection Loan Forgiveness Program, many are wondering if it’s possible to complete the detailed...
Deductibility of expenses used to qualify for PPP loan forgiveness

Deductibility of expenses used to qualify for PPP loan forgiveness

by diamondcpas | Oct 11, 2020 | Business Taxes

Many business owners who faced enormous stresses during the COVID-19 pandemic took a forgivable loan under the federal Paycheck Protection Program to help them meet their business expenses. Now, as they plan for their 2020 income tax returns, they are faced with...
PPP Flexibility Act – Congress Passes Changes to PPP Loan Forgiveness

PPP Flexibility Act – Congress Passes Changes to PPP Loan Forgiveness

by diamondcpas | Jun 4, 2020 | Business Accounting

The PPP Flexibility Act passed both the House and the Senate Wednesday and is expected to be signed by the President Thursday.  The Act provides additional relief to business that may not have qualified for full forgiveness under the current law.  Here is a summary of...

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