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Track Your Way to Financial Success

The Easy-to-Use Financial KPI Template

Get the free template

Legal Wise Toolkit

Streamline your back-office accounting process and up your documentation game

Get the free toolkit
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Day: December 3, 2020

Well, it looks like it is final, PPP expenses are not deductible (Just Kidding, they are now deductible!)

PPP Expenses

1.7.21 Update: The stimulus bill passed in late 2020 made the PPP expenses deductible, Yippee! The IRS dropped the official guidance (again so we knew they were serious) we have been waiting for…the portion of a PPP loan that is forgiven is not deductible for tax purposes. This means you can not reduce your income […]

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