Did your business receive a Paycheck Protection Program (PPP) loan in 2020? Your tax preparer will need all the info on this loan. If your PPP loan is forgiven, you CANNOT count the expenses the money from it was used to pay. If your business received a PPP loan, now is a good time to talk with your tax preparer to ensure you have all the information needed. The link below gives some basic information on the PPP and qualifying for loan forgiveness. https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program
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