Everyone’s good buddy, the IRS, did struggling small businesses dirty when no one was watching. Paycheck Protection Program loans were designed to help small business that were reeling with the COVID tsunami. The basics of the program were fairly straight forward: spend the money mostly on payroll to take care of your employees and the loan will be forgiven. It was a lifeline to small businesses when they needed it most. I applied and helped other clients apply as well. But n

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