New PPP Loans and Tax Credit are on Their Way
You’ve probably heard the news that a new PPP package was passed this week. Here are the highlights: PPP income is NOT Taxable. And purchases made with the funds are eligible for deductions. New PPP loans are on the way. There is a new tax credit in place. PPP is not taxable The biggest news of all. After the PPP 1.0 rollout, guidance was lacking and there was confusion over whether or not purchases made… Read more