KERNUTT STOKES BLOG

Year-End Tax Planning

By Matthew Diment, Senior Manager With the end of the year quickly approaching, now is the time for any last-minute planning to reduce taxable income for the year and plan for 2020 and 2021 taxes. As a reminder, any loan forgiveness under the Paycheck Protection...

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How COVID-19 Has Changed Business Forever

This article discusses how the coronavirus pandemic is impacting a number of industries in multiple ways. No matter your industry, being aware of these trends and how they will impact businesses on a day-to-day basis will provide a competitive edge during this unstable time.

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SBA Issues 23 New PPP FAQs

On August 4th, the U.S. Small Business Administration (SBA) released additional guidance regarding forgiveness of Paycheck Protection Program (PPP) loans. In consultation with the U.S. Department of the Treasury, the SBA added 23 new questions to their PPP FAQ page. Read more here.

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SBA and Treasury Release Interim Final Rule on Loan Forgiveness after the Flexibility Act

On June 22, the Small Business Administration (SBA) and the Department of the Treasury released the latest Interim Final Rule (IFR) regarding the Paycheck Protection Program (PPP). The IFR primarily focuses on loan forgiveness and modifications required as a result of the Paycheck Protection Flexibility Act (the Flexibility Act) which was signed into law on June 5.

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