Guidance released by the IRS on November 18, 2020 affects taxpayers who have received Payroll Protection Program (PPP) loans. Unfortunately, at least for the time being, the guidance has dashed…
Archives for November 2020
Form 1099 Changes for Tax Year 2020: Is Your Business Prepared?
Taxpayers have experienced many changes this year, thanks to the COVID-19 pandemic. As 2020 draws to a close, there is one more area of change that may be lower profile,…
RKL Video Update: New Necessity Questionnaire for PPP Loans above $2 Million
The Small Business Administration (SBA) recently issued two versions of a new questionnaire (one for for-profit borrowers and one for nonprofit borrowers) to gauge necessity as part of its review…