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6
May
2020

Deadline To Return PPP Loans Extended

6.05.2020

MAY 6, 2020 In the May 5th update of the Paycheck Protection Program Frequently Asked Questions, the Trump Administration announced that it would be extending the deadline for borrowers to return Paycheck Protection Program loans by one week from May

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1
May
2020

IRS Disallows Tax Deductions For Eligible PPP Expenditures

1.05.2020

MAY 1, 2020 On April 30, the IRS issued Notice 2020-32 providing guidance regarding the deductibility for federal income tax purposes of certain otherwise deductible expenses incurred in a taxpayer’s trade or business when the taxpayer receives a loan (covered

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1
May
2020

Notice 2020-32 Guidance

1.05.2020

MAY 1, 2020 The IRS released an advance version of Notice 2020-32 offering guidance regarding the deductibility for federal income tax purposes of certain otherwise deductible expenses incurred in a taxpayer’s trade or business when the taxpayer receives a loan

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30
Apr
2020

An Update To Our Clients – April 30, 2020

30.04.2020

APRIL 30, 2020 On March 14, Brown Edwards sent our first message to our clients regarding the COVID-19 crisis. It’s hard to believe that was almost 7 weeks ago. As we move into May, we wanted to give you an

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24
Apr
2020

Congress Expands Small Business COVID-19 Relief

24.04.2020

APRIL 24, 2020 Congress and the Trump administration have struck a deal on another piece of legislation, the latest in a series of federal measures intended to provide relief in response to the novel coronavirus (COVID-19) pandemic. The $484 billion

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