IRS Guidance Addresses the Taxability of PPP Loan Forgiveness

IRS Guidance Addresses the Taxability of PPP Loan Forgiveness

Businesses that received Paycheck Protection Program (PPP) loans can apply for forgiveness once all loan proceeds for which they are requesting forgiveness have been used. On November 18, 2021, the IRS issued a series of three Revenue Procedures addressing the tax...
Financing the Growth of Your Business

Financing the Growth of Your Business

In order to bridge the financial gap created by government mandated shut downs and decreased business during the pandemic, some businesses might need to apply for affordable conventional loans — or negotiate more favorable terms for their existing debt. Doing so can...
Payroll Tips for Contractors

Payroll Tips for Contractors

Processing payroll is a critical administrative task that directly ties to your construction company’s labor costs, profits, and ability to comply with labor laws. Yet staying on top of payroll can be daunting. Depending on the job, your payroll staff may have to...