With the recently released IRS Revenue Ruling, many business owners who took out PPP Loans wondering if they could deduct associated expenses will now have their answer. Please see this article from the tax advisory firm Baker Tilly, “Treasury guidance disallows deductions related to PPP loan proceeds if forgiveness expected”, written by Paul Dillon, Michelle […]
Am I eligible? IF you employ 500 of fewer employees and are You are eligible. Certain businesses with more than 500 employees can still qualify, depending on the industry. What about loan forgiveness? The Treasury states “that loans are fully forgiven when used for payroll costs, interest on mortgages, rent, and utilities (due to likely […]
Please find the following article (in English and Italian) provided by Hanz Chiapetta, a partner in the law firm of Lawtelier: If you are a US based business who has had to suspend, or reduce, operations as the result of the Coronavirus pandemic, financial aid is on the way to help you keep your employees […]