PPP loans

Deadline Coming: Follow Up on Your PPP Loans

August 13th, 2021|Categories: Accounting, Burns Firm, Covid-19, COVID-Related Tax Relief Act (COVIDTRA), CPA Dallas, Dallas CPA, Dallas tax return preparer, PPP, Small Business, The Burns Firm|Tags: CPA Dallas, Dallas CPA, Forgiveness Application Deadline, PPP loan deadline, PPP loan deadline approaching, PPP loans, tax PPP loans, The Burns Firm, when is my application for forgiveness due for the PPP loan|

Payroll Protection Plan (PPP) loans were a lifeline for many small business owners during the worst of the pandemic-driven economic slowdown. In total, the Small Business Administration (SBA) approved nearly 12 [...]

The Possible Tax Consequences of PPP Loans

August 20th, 2020|Categories: Accounting, Burns Firm, Business, Services, Tax, Tax Planning|Tags: Dallas CPA, do not deduct expense paid with PPP loan, PPP basics, PPP loan tax consequences, PPP loans, tax, tax on PPP loan, tax on PPP loans, The Burns Firm|

If your business was fortunate enough to get a Paycheck Protection Program (PPP) loan taken out in connection with the COVID-19 crisis, you should be aware of the potential tax [...]