Search

Year End Planning for Small Business Owners

This is the season for year-end planning for small business owners. For PPP loan recipients, the issue of tax treatment on expenses (usually deductible) and debt forgiven (usually treated as taxable income). If the SBA forgives the debt, it won’t be treated as income; however, the expenses covered by the loan won’t be tax deductible. This article provides answers to questions to optimize a PPP loan forgiveness outcome.




5 views0 comments

Recent Posts

See All

CASH FLOW ANALYSIS - Are you on Track to Profitability?

Reviewing your actual results tells you what has happened in your business in the past. But, the real power of these statements comes when you analyze them in comparison to what you had planned and wh

ADAPT..CHANGE..THRIVE

The pandemic ushered in a friendlier climate for small businesses to migrate online. According to Shopify’s Future of Commerce 2021 report, 50% of consumers seek out independently owned businesses to

The New and Improved 2021 PPP Loan

Paycheck Protection Program has reopened and is accepting new applications PPP has provided $525 billion to America’s small businesses said Treasury Secretary Steven Mnuchin Benjamin Franklin on the $