Steel Erectors Association of America

  • Home
  • Membership
    • Get Connected
    • Member Spotlight Form
    • AISC Member Benefit
    • Awards
    • Craft Training
    • Membership Application
  • Events
    • SEAA Convention & Trade Show
    • Trade Show Exhibitor Info
    • Golf Tournaments >
      • Dave Schulz Memorial Golf Tournament
      • George Pocock Memorial Golf Tournament
    • Career Fair
    • Meetings
  • News
    • Publications
    • Connector Archives
    • Subscribe
    • Photo Gallery
  • Resources
    • Safety Stand-Down
    • Steel Day
    • Member Directory
    • Online Store
    • Downloads
    • Industry Links
    • Job Board
    • About Career Plug
  • About SEAA
    • Our History
    • Get Involved
  • Contact Us
  • Login
  • Home
  • Membership
    • Get Connected
    • Member Spotlight Form
    • AISC Member Benefit
    • Awards
    • Craft Training
    • Membership Application
  • Events
    • SEAA Convention & Trade Show
    • Trade Show Exhibitor Info
    • Golf Tournaments >
      • Dave Schulz Memorial Golf Tournament
      • George Pocock Memorial Golf Tournament
    • Career Fair
    • Meetings
  • News
    • Publications
    • Connector Archives
    • Subscribe
    • Photo Gallery
  • Resources
    • Safety Stand-Down
    • Steel Day
    • Member Directory
    • Online Store
    • Downloads
    • Industry Links
    • Job Board
    • About Career Plug
  • About SEAA
    • Our History
    • Get Involved
  • Contact Us
  • Login
Picture

What the New IRS Guidance Means for Your Firm's PPP Loan

12/1/2020

0 Comments

 
Picture
The United States Internal Revenue Service (IRS) has released several items containing guidance related to Paycheck Protection Program (PPP) loans—specifically for businesses planning to seek forgiveness for the loans.


In short, the IRS says that since businesses will not be taxed on the proceeds of a forgiven PPP loan, if a business reasonably believes the loan will be forgiven in the future or the business qualifies for forgiveness, costs related to the loan can not be used as a tax deduction for federal taxes. If the business expects the loan to be forgiven, and the loan is not, in fact, forgiven, the business will be able to deduct the costs from its taxes.  

Click here to read the entire article.

0 Comments



Leave a Reply.

    archive

    January 2021
    December 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020

    Categories

    All
    Business Operations
    Employment
    Finance
    Health & Safety
    Sanitization
    Stimulus Relief

    RSS Feed

Back to Top
CRAFT TRAINING
CONTACT
SITE MAP
PRIVACY POLICY
DIRECTORY
EVENTS
Picture
Steel Erectors Association of America 
353 Jonestown Rd
Suite 207
Winston-Salem,  NC 27104
Phone: (336) 294-8880
info@seaa.net
©Copyright Steel Erectors Association of America. All rights reserved.