PPP Loan and Taxes

Angela HudginsPersonal Stories, UncategorizedLeave a Comment

PPP Loan and Taxes

We wanted to share some information regarding tax liability on PPP loans with our small business community. We are passing on this information gathered from consulting with our accountant, doing a preview of our tax liability for 2020. We received a PPP loan. Our accountant informed us that we need to pay taxes on the money according to the current tax law. However, we plan … Read More