News
Members of Congress push to reverse IRS ruling on Paycheck Protection Program tax liability
A bipartisan coalition of 179 members of the House of Representatives is asking House leadership to include “a fix” in the coronavirus assistance package currently being negotiated to allow Paycheck Protection Program loan recipients to take normal business expense deductions paid with the loan proceeds.
Business
‘It’s going to kill us:’ Small business owners face surprise tax bite in PPP loan program
Small business owners who borrowed operating cash through the Paycheck Protection Program this year may be facing substantial unexpected tax bills under an IRS ruling issued last month.
Business
More than 1,450 businesses across the North Fork received paycheck protection loans totaling at least $78 million
More than 1,450 local businesses and nonprofit organizations across the North Fork obtained Paycheck Protection Program loans from the Small Business Administration...
