
IRS Rule Hurts Businesses with PPP Loans
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