Small businesses that participated in the Paycheck Protection Program won’t be able to deduct expenses covered by this forgivable loan. The end result could be higher quarterly tax payments in July.
Tax surprise awaits small businesses that can’t deduct some expenses covered by PPP
More Stories
How to land a good work-from-home job
Pfizer’s COVID-19 vaccine has begun rolling out of its Michigan plant in a truck convoy
Iran Sets Out Ambitions to Hike Oil Production Next Year