Watch Second PPP Loan Program Funding Approved Video | How to Prepare for PPP 2.0

25 sec read

“Can you deduct business expenses? Of course. But can you deduct them if you use forgiven PPP loan money to pay for them? Until now, the debate has raged, with the IRS saying multiple times “no way, no tax deduction.”

“But finally, Congress has come to the rescue and said that the whole point of the program was to provide needed loan money for wages and other key expenses.

“The loan forgiveness was key too, saying that despite normal tax rules, if the loan is forgiven, that will not be income. Now the third piece of the puzzle is finally in place, you can still claim normal tax deductions for business expenses paid with PPP money.”

Read more at Forbes

Watch Professional Gamer Ninja Reveals He Has Skin Cancer…

“American gamer and Twitch superstar Tyler “Ninja” Blevins revealed he was diagnosed with melanoma, a form of skin cancer. “The 32-year-old, who boasts 19...
JM
14 sec read

Watch Brittany Snow Details Divorce Drama With Ex Tyler…

“Two years after her dramatic split from Selling the OC star Tyler Stanaland, Brittany Snow is opening up about her ex-husband’s seemingly unfaithful behavior...
JM
16 sec read

Watch Dollar Tree to Raise Prices Again in 2024…

“Shoppers at Dollar Tree could soon end up with sticker shock. “In an earnings call held this month, Dollar Tree, Inc. announced it’ll be...
JM
25 sec read