Business Travel Deductions for 2021
This article discusses how under previous law, deductions for business meals were limited to 50% of the cost, but through…
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President Signs Additional Stimulus Legislation
On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021 (CAA2021), which includes $892 billion in…
Changes to the Paycheck Protection Program
As a follow-up to our communication on December 3 regarding key provisions of the Paycheck Protection Program (PPP) and loan…
New Paycheck Protection Program Guidance Released
On Wednesday, January 6, the U.S. Small Business Administration (SBA) and the Treasury issued joint guidance regarding the latest updates…
Trends Driving Small Business in 2021
This article discusses how the COVID-19 pandemic has changed the landscape on which most small businesses operate. However, trends such…
IRS Releases Anticipated Guidance Regarding PPP Loans and Expense Deductibility
On November 18, the Internal Revenue Service (IRS) released Revenue Ruling 2020-27 and Revenue Procedure 2020-51. The two releases offer…