Businesses with Forgiven PPP Loans Will Lose Tax Deductions

If you received a PPP Loan, be sure to familiarize yourself with the tax ramifications. You will not be able to deduct the payroll expenses associated with loan forgiveness.

Work with a good tax professional to guide you through this process of seeking loan forgiveness.

https://www.cpapracticeadvisor.com/tax-compliance/news/21136566/businesses-with-forgiven-ppp-loans-will-lose-tax-deductions?utm_source=CPA+Tax+Practice+Advisor&utm_medium=email&utm_campaign=CCSN200503004&o_eid=7000E7501089B0B&rdx.ident%5Bpull%5D=omeda%7C7000E7501089B0B&oly_enc_id=7000E7501089B0B

Dakri Sutton, CPA
(928) 493-2377