Deductions Disallowed for Expenses Related to Payroll Protection Program Loan Forgiveness
On April 30, 2020 the IRS released Notice 2020-32 (the Notice) answering a major tax question involving the Paycheck Protection Program (PPP); understandably,
Documenting PPP “Need and Liquidity”
This article was updated on May 1, 2020. Updates to this article will be made as new information becomes available. Schneider Downs continues to track
Manage Your Emotions During Volatile Times
The history of the stock market has always had a consistent message; volatility is a normal part of investing. Another consistent message is that the U.S.
The Employee Retention Credit – Significant IRS Guidance Just Released
As discussed in our article on March 30, “2020 CARES Act - The Employee Retention Credit”, the CARES Act (the Act) provided for a new employer