New PPP loan legislation carries considerations for tax professionals
New PPP loan legislation carries considerations for tax professionals 14 Jan 2021 A new Thomson Reuters Institute webinar discusses the tax implications that the new PPP legislation will have for tax advisors. The recently enacted fourth round of COVID-19-related legislative relief that was signed into law on December 27, 2020 looked to re-open and expand this critical relief effort for American small businesses. Indeed, the new legislation included provisions to reopen the Paycheck Protection Program (PPP) to new qualifying borrowers of first draw PPP loans, certain borrowers of existing PPP...
Source: thomsonreuters.com