PPP Loan Deductibility & Why Tax Planning is Really Important
On April 30, 2020, the IRS issued Notice 2020-32 to address the deductibility of loan amounts received under the Paycheck Protection Program (PPP) of the CARES Act. What does that mean to you who have received a PPP loan?
We're going to quickly go over and simplify what all of this means to you. In this video we're are also going to talk about covered expenses, payroll expenses, how does this affect C-Corps & S-Corps, and more!
If you have questions or need some help, contact us today!