Expenses Paid with PPP Loans: an Unexpected Turn

  |  December 28, 2020

The recently passed "Consolidated Appropriations Act, 2021" contains a welcome surprise for business owners affected by the COVID-19 pandemic. In a significant turn away from guidance originally published by the IRS, the new legislation intends to allow a business to deduct expenses in full, even if paid with forgiven PPP funds. Read more. Read More