3 Questions to Find the Right Accounting Partner for Your Construction Business
This article was originally written in October 2020. It has been updated with new references and information.
1 min read
Alex Helkamp, CPA, CCIFP
:
December 22, 2020
December 22, 2020 – This week, votes are being cast on two large measures put together by congressional leaders toward both a $900 billion Covid-19 relief bill and $1.4 trillion omnibus spending bill.
Included are a revival of the Paycheck Protection Program (PPP) and various tax extenders that come in addition to money for direct economic relief, healthcare, testing, and vaccination costs, schools, rental assistance, food and farm aid, surprise medical bills, water projects, the postal service, and child care.
Paycheck Protection Program expenses are now deductible, even if your loan is forgiven.
This article was originally written in October 2020. It has been updated with new references and information.
Editor's note: this blog was updated in 2025 with additional resources for business owners.
In a significant shift on Friday, March 21, the Financial Crimes Enforcement Network(FinCEN) has revised its Beneficial Ownership Information (BOI)...