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Summary of American Rescue Plan Act of 2021 for Individuals

Below is a summary of the American Rescue Plan for Act 2021 (H.R. 1319) for individuals. The bill was signed into law on 3/11/2021....

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Summary of American Rescue Plan Act of 2021 for Businesses

Below is a summary of the American Rescue Plan for Act 2021 (H.R. 1319) for businesses. The bill was signed into law on 3/11/2021. Grants...

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How to Deduct Meals and Entertainment for 2020

One of the common topics that comes up with small business owners is regarding deductions for business-related meals and entertainment....

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Qualified Expenses Not Deductible in 2020

Update for November 25, 2020 The IRS issued a ruling on November 18th that borrowers expecting Paycheck Protection Program loan...

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Paycheck Protection Program Update - October 8th

There have been a couple of significant updates to PPP loan forgiveness in recent weeks. Although these updates may not apply to...

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Helpful Third Party Resources

Government Agencies Social Security Online U.S. Small Business Administration United States Department of Commerce United States...

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Paycheck Protection Program Update - June 10

The legislation titled HR7010 has passed, offering adjustments to PPP loans—particularly regarding forgiveness calculations. Key changes...

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Paycheck Protection Program Loan Forgiveness Worksheets

The spreadsheets below are tools to help you fill out the PPP Loan Forgiveness Application. The first two spreadsheets are to be used for...

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Paycheck Protection Program Update - May 20, 2020

The Small Business Administration (SBA) has now published a Loan Forgiveness Application, which you can find here: We encourage you to...