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Fiffik Law Group, PC:

(412) 391-1014
Fiffik Law Group
Fiffik Law Group
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    New Relief Bill Has Good News for Businesses that Received a PPP Loan
    Fiffik Law Group, PC
    • Dec 22, 2020
    • 2 min

    New Relief Bill Has Good News for Businesses that Received a PPP Loan

    The U.S. Senate and House of Representatives overwhelmingly passed a new $900 billion COVID-19 relief bill this week. The legislation, the Consolidated Appropriations Act, 2021, also ensures tax deductibility for business expenses paid with forgiven Paycheck Protection Program (PPP) loans. The bill also specifies that business expenses paid with forgiven PPP loans are tax-deductible. This supersedes IRS guidance that such expenses could not be deducted and brings the policy i
    Paycheck Protection Borrowers Get Break on Loan Forgiveness
    Fiffik Law Group, PC
    • May 5, 2020
    • 2 min

    Paycheck Protection Borrowers Get Break on Loan Forgiveness

    We can help you apply for your PPP Loan Businesses that received Paycheck Protection Program (PPP) loans are getting a break pertaining to laid off employees. For purpose of loan forgiveness calculations, borrowers can exclude laid-off employees if the employees turn down a written offer to be rehired, according to new guidance from the U.S. Small Business Administration (SBA). The loans can be forgivable — meaning they won’t necessarily have to be paid back. But there are c

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