Tag: loan forgiveness

California PPP loan
California: Update to Paycheck Protection Program Loan Conformity

Assembly Bill 80 (AB 80) allows qualifying taxpayers to exclude from California gross income Paycheck…

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Paycheck Protection Program
PPP Round 2: Key Details & Loan Eligibility Requirements

New PPP funding is available for businesses impacted by COVID-19. Here is a summary of…

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COVID Relief Bill
Congress Passes COVID Relief Bill, Includes PPP Update, ERC Extension & More

Congress passed the Consolidated Appropriations Act of 2021, which includes an extension & expansion of…

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PPP Loan Forgiveness May Impact R&D Credit
PPP Loan Forgiveness May Reduce R&D Credit

PPP loan recipients should be aware that forgiveness of the loan may cause 2020 qualified…

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Simplified Paycheck Protection Loan Forgiveness
Paycheck Protection Program Loan Forgiveness Simplified

Many small and midsize businesses with Paycheck Protection Program (PPP) loans under the CARES Act…

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Accounting for PPP Loans
Accounting for Paycheck Protection Program (PPP) Loans and Forgiveness

Currently, there is no formal guidance that states how businesses should account for PPP loan…

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