Tag Archives: PPP Loans

Brewing Tax Battle: Deductibility of Business Expenses Financed by Paycheck Protection Program Loans

Author:  Attorney Daniel Glinert An ongoing tax controversy has left unanswered questions in the minds of U.S. business owners. The stakes are incredibly high. As of June 30, 2020, the federal government’s Paycheck Protection Program (PPP) has allowed over 521 billion dollars of PPP loans to be issued to over 4.8 million businesses. The federal […]

SBA Announces Deadline to Return PPP Loans Extended

By Joseph A. Camilli Originally published: May 6, 2020 What deadline is this? Under the CARES Act’s Payroll Protection Program (PPP), qualifying small business owners and independent contractors are able to apply for forgivable loans through the federal Small Business Administration (SBA).   Applicants for the PPP loans must certify that current economic uncertainty makes the […]