Home-based care providers who received loans under the Paycheck Protection Program (PPP) could face unexpected expenses when it comes time to file their 2020 taxes. That is, unless the government intervenes. “Congress clearly intended that PPP funds would be nontaxable,” Leon LaBrecque — a lawyer, accountant and chief growth officer at Sequoia Financial Group — […]
The deadline to get a Paycheck Protection Program (PPP) loan is just a few days away, with $130 billion still available to small businesses ahead of the June 30 final deadline. But even with the cutoff around the corner, the Small Business Administration (SBA) continues to issue new guidance on the ever-evolving program. To date, […]
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