The IRS has released an official notice which explains that the eligible expenses paid for with PPP funds, are non-deductible up to the aggregate amount forgiven.
If you received PPP loans but are unsure how this will affect your business position, schedule a consultation to get help working through the details.
https://lnkd.in/eBExSut
#ppploanforgiveness #tax #incometax #taxlaw #taxation #taxlaws #taxes #irs #taxcredits #deductions #statetax #ppploan
GO.ONCEHUB.COM
Online appointment scheduling
As we start the weekend with our families, let us say thank you for those who gave the ultimate sacrifice.
New article regarding Covid-19 Benefits and S-Corporation Owners
#taxlaws #coronavirusrelief #taxation #governmentaffairs #tax #incometax #internationaltax
Steven Bayne LLC
stevenbaynellc.com
sb@stevenbaynellc.com
Follow the link below to schedule a consultation
https://lnkd.in/eBExSut
https://www.linkedin.com/pulse/covid-19-tax-benefits-s-corporations-steven-bayne-ea/?published=t
LINKEDIN.COM
Covid-19 Tax benefits for S-Corporations
Paycheck Protection with no Employees?
https://www.linkedin.com/pulse/ppp-employees-steven-bayne-ea
LINKEDIN.COM
PPP With No Employees?
Should you file, or wait until the new deadline?
Read my latest article...
https://www.linkedin.com/pulse/should-you-file-now-wait-new-deadline-steven-bayne-ea
LINKEDIN.COM
Should you file now, or wait for the NEW deadline?
California's new law is upsetting many business owners and entrepreneurs. Does it affect you?
If you are unsure, visit my calendar and schedule an appointment: https://go.oncehub.com/StevenBayneEAConsultation
Real my latest article from my Linked In profile here:
https://www.linkedin.com/pulse/does-californias-ab-5-turn-your-contractors-employees-bayne-ea
LINKEDIN.COM
Does California's AB 5 Turn Your Contractors into Employees?