by Megan Kosciolek, EA, MST | Mar 4, 2021 | Business
When the Small Business Administration (SBA) launched the Paycheck Protection Program (PPP) last year, the program’s stated objective was “to provide a direct incentive for small businesses to keep their workers on the payroll.” However, according to federal...
by Brian Hare, CPA, CGMA | Jan 19, 2021 | Business, COVID-19
The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get PPP loans to help during the COVID-19 crisis (or you received one last year), you may wonder about the tax...
by Brian Hare, CPA, CGMA | Jan 12, 2021 | Tax
COVID-19 has shut down many businesses, causing widespread furloughs and layoffs. Fortunately, employers that keep workers on their payrolls are eligible for a refundable Employee Retention Tax Credit (ERTC), which was extended and enhanced in the latest law....
