As you probably know if you’re reading this, small businesses suffering from 25 percent or bigger revenue reductions may receive a second draw PPP … [Read more...] about Calculating Revenue Reductions for Second Draw PPP Loans
COVID-19
PPP Loan Amount Increases
A week or two from now, you may get a chance to get a PPP loan amount increase. We just need Congress to pass and the President to sign the … [Read more...] about PPP Loan Amount Increases
PPP Second Draw Loans
Very soon, maybe right after the holidays, some borrowers will be able to get a second PPP loan. So a second bite at the apple. Accordingly, I want … [Read more...] about PPP Second Draw Loans
Why PPP Borrowers Should Get PPP Tax Break
Sometime soon, Congress will pass additional Covid-19 relief. And probably a key feature of this relief? Giving PPP borrowers a tax deduction for the … [Read more...] about Why PPP Borrowers Should Get PPP Tax Break
PPP Loan Tax Returns: What We Know Now
The IRS provided additional rules for PPP loan tax return preparation this week. In this short post, therefore, I want to review what we now know … [Read more...] about PPP Loan Tax Returns: What We Know Now
Rubio’s New PPP Bill: The Two Minute Overview
Senator Marco Rubio’s new PPP bill, the “Continuing Small Business Recovery and Paycheck Program Program Act,” continues to inch along. And my hunch? … [Read more...] about Rubio’s New PPP Bill: The Two Minute Overview
Covid-19 Closures Killing Millions of Small Businesses
Some bad news, I’m afraid. Covid-19 closures appear to be killing millions of small businesses. That’s maybe not a huge surprise. Also, we’ve had … [Read more...] about Covid-19 Closures Killing Millions of Small Businesses
Post-Pandemic Covid-19 Small Business Planning
Okay, this may sound crazy. But I’m going to say it anyway. A good chance exists you and I need to start thinking more—and thinking more … [Read more...] about Post-Pandemic Covid-19 Small Business Planning
PPP Loan Amount Increases After-the-fact
The proposed “Continuing Small Business Recovery and Paycheck Protection Program Act” tweaks the Paycheck Protection Program in a bunch of … [Read more...] about PPP Loan Amount Increases After-the-fact
How You Should Have Done Your PPP Loan
Hindsight is 20/20, the saying goes. But in most cases, hindsight doesn’t matter much. Knowing now that I should not have sold those Microsoft … [Read more...] about How You Should Have Done Your PPP Loan