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IRS Clarifies Deductibility of PPP Loan Expenses

  • Dec 4, 2020
  • Tax

Taxpayers who received a PPP loan need to know about a recent IRS guidance if they expect to have expenses covered under the loan agreement. The CARES Act specifically makes the discharge of PPP loans a non-taxable transaction. Originally businesses…

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Be on High Alert for Ransomware Attacks

The FBI has warned of a staggering increase in ransomware attacks against businesses since the start of the COVID-19 pandemic. Here's what business owners and managers should know about these attacks to help prevent them — and manage an attack if preventive…

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