PPP Second Draw Program Application
11 March

Applying to the PPP Second Draw Program

Another calendar year into the COVID-19 pandemic, the Payment Protection Program (PPP) stimulus initiative is accepting Second Draw loan applications until March 31, 2021. [1] Some things have remained the same: as with the initial administration, loan amounts are based on payroll expenses, and the covered period is eight to twenty-four weeks. Other elements of the program, however, are different. …

06 September

Lower gas costs = lower business driving tax deductions

This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business went down. The reason? Compared with last year, the cost of driving is less because gas prices are lower. Two options If you use a vehicle for business, you can generally deduct the actual expenses attributable to your business use. This …