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SBA Releases PPP Flexibility Act Guidance and Revised Forgiveness Application Form
Richard A. Huffman, CPA, MST
Wright Ford Young & Co., CPAs
The Small Business Administration has released additional Paycheck Protection Program (PPP) guidance and revised the forgiveness application form to align with the Paycheck…

BREAKING NEWS: Significant Taxpayer Friendly Changes to the Paycheck Protection Program.
Richard A. Huffman, CPA, MST
Wright Ford Young & Co., CPAs
The Senate just passed the House bill, called the Paycheck Protection Flexibility Act which is expected to be signed into law by the president. The law will extend the Paycheck…

Non-Deductibility of PPP Related Expenses to the Extent of Forgiven PPP Funds (IRS Notice 2020-32)
Janet Kim, CPA, MST
Wright Ford Young & Co., CPAs
The IRS released Notice 2020-32 on April 30, 2020, which provides guidance on the deductibility of expenses paid with Paycheck Protection Program (PPP) loan proceeds that…