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New IRS Notice 2021-25: Some Business Meal Expenses are 100% Tax Deductible for 2021 and 2022
New IRS Notice 2021-25: Some Business Meal Expenses are 100% Tax Deductible for 2021 and 2022 A 2020 COVID-19 relief bill made taxpayer-friendly changes. The “Taxpayer Certainty and Disaster Tax Relief Act of 2020” (the Act), enacted as part of the “Consolidated Appropriations Act, 2021” (CAA 2021), which increased the business-meal deducti... Read More

PPP Loans Round 2: Requirements, Eligibilty, Application Process for Small Businesses
PPP Loans Round 2: Requirements, Eligibilty, Application Process for Small Businesses Congress passed a 2nd COVID economic stimulus package, which is another round of PPP loans for businesses. The $284 Billion of PPP round 2 loans come with some changes to loan forgiveness, eligibility requirements and limits on loan amounts. Here is... Read More

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