Industry News: Expenses paid with 2020 PPP loans can be deducted on 2021 tax returns

Industry News:   Expenses paid with 2020 PPP loans can be deducted on 2021 tax returns   Expenses paid with 2020 PPP loans can be deducted on 2021 tax returns The IRS announced a safe harbor for certain businesses that received first-round Paycheck Protection Program (PPP) loans but did not deduct any of the original eligible … Read more

Industry News: 3 Tips for a Less Taxing Tax Day This Mental Health Month

3 Tips for a Less Taxing Tax Day This Mental Health Month Tax Day in 2021 coincides with Mental Health Month — and while that’s almost certainly a coincidence, it’s a coincidence that certainly feels apt. This won’t be lost on already under-the-gun tax professionals, for whom the lead-up to the filing … Tax Day … Read more