The IRS recently released additional guidance about the tax treatment of expenses paid with proceeds of Paycheck Protection Program loans. The PPP loans are a COVID relief program enacted as part of the CARES Act....more
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes provisions to provide employment tax credits and relief to businesses and to reduce or eliminate the restrictions on the use of losses or deductions....more
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes provisions beneficial to nonprofit organizations.
Paycheck Protection Program Loans -
A significant feature of the CARES Act is the loan...more