Construction

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Congress passes second Coronavirus relief bill, includes new funding and updates to PPP

December 22, 2020

The U.S. House of Representatives and U.S. Senate have passed the¬†Coronavirus Response & Relief Supplemental Appropriations Act, and President Trump has signed the bill. The…

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The top 5 things contractors need to know about the PPP necessity form

December 10, 2020

As millions of Paycheck Protection Program (PPP) borrowers begin to fill out their loan forgiveness applications, another form is looming on the horizon. Protection of taxpayer…

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How construction firms can prepare for cash flow challenges in 2021

December 10, 2020

The construction industry has faced unique and varying challenges a result of the coronavirus pandemic, but the restarting of projects and improved processes have put the industry…

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Guidance issued on deductibility of expenses with a PPP loan

November 19, 2020

On Nov. 18, the IRS and Treasury issued Revenue Ruling 2020-27 which provides long-awaited guidance on the tax treatment of expenses related to Paycheck Protection Program (PPP) loans. The…

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2020 tax planning considerations for businesses, individuals

November 13, 2020

 This year has been unique and beyond comparison in many ways, and tax planning is just one of the implications of current events. Both individual…

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Tax planning considerations: Election results, sunset provisions

November 13, 2020

According to news outlets, as of this writing, Joe Biden has been named the president-elect of the U.S. Vote counting is still ongoing and election…

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Understanding the 3 PPP forgiveness applications: Which one to use

November 5, 2020

The Paycheck Protection Program (PPP) from the Small Business Administration (SBA) and Treasury has had many updates over the past few months including changes to…

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House, Senate approve 5-week PPP loan application extension

July 2, 2020

The U.S. Senate and House of Representatives have both unanimously agreed to extend the Paycheck Protection Program (PPP) by five weeks in an effort to…

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SBA issues update first PPP interim final rule following PPP Flexibility Act

June 10, 2020

On June 10, 2020, the Small Business Administration (SBA) issued an updated interim final rule for the Paycheck Protection Program (PPP) in response to the…

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PPP Extension Bill

June 5, 2020

On June 5, 2020, the president signed into law the Paycheck Protection Program Flexibility Act after it passed the Senate with a unanimous vote. The…

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