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...
When Subsequent Events Count

When Subsequent Events Count

The value of a business interest is valid as of a specific date. The effective date is a critical cutoff point because events that occur after that date generally are not considered when estimating value. However, there are two key exceptions. 1. When an Event Is...
7 Personal Financial Resolutions for 2022

7 Personal Financial Resolutions for 2022

It’s almost time to ring in the New Year — and many people are looking forward to putting 2021 in the rearview mirror. While New Year’s resolutions often focus on eating less and exercising more, you should also give some thought to your financial fitness. Here are...