Small Business Alert as of August 12 2020: The Small Business Administration has opened the forgiveness portal for its Paycheck Protection Program loans. Be sure you have evaluated all of your documentation and your options before you rush to file.
The window is open, just take the time to review the rules and consult with experts. Many questions remain unanswered like will expenses covered by these forgivable loans be deductible on tax returns?
Disagreements among lawmakers creates confusion for business owners.
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