Employers who do not receive forgivable loans under the Paycheck Protection Program (PPP) of the CARES Act will be interested to know that the IRS has provided new guidance to the Employee Retention Credit generally helpful...more
The IRS recently announced that business expenses paid to qualify for loan forgiveness under the Paycheck Protection Program of the CARES Act (PPP) are not deductible. This agency decision “prevents a double tax benefit”...more
From the initial real estate purchase to completing construction, the entire real estate industry has been hit hard by the economic downturn caused by COVID-19. Some of the new relief bills have helped, especially the...more