Back to News AICPA and Trade Associations Ask Congress to Fix PPP Loan Deductibility In a letter to Congress dated Thursday, December 3, hundreds of national trade associations and their…
Back to News Expenses Used for PPP Loan Forgiveness: Deductible or Not? Two experts look at the issue of deductibility of expenses paid with Paycheck Protection Program loan funds and…
Back to News IRS Doubles Down on Nondeductibility of PPP-Funded Expenses The Internal Revenue Service has issued guidance for taxpayers who pay otherwise deductible expenses with Paycheck Protection Program loan…
Back to News November 2020 Staff Spotlight Lian Jia Staff Accountant Lian recently joined us as a Staff Accountant in September 2020, looking for a chance to learn more about…
Back to News How PPP Forgiveness Could Impact Taxes and Financial Reporting Paycheck Protection Program (PPP) loan forgiveness and its tax and financial reporting implications are steeped in uncertainty. The…
Back to News Transition to Working Remotely Dear Valued Clients and Friends, With Governor Inslee’s November 15th update to the Washington Stay at Home order, our offices will remain open only…
Back to News October 2020 Staff Spotlight Alejandra Ortiz Briseno Staff Accountant Alejandra is a recent addition to our Hawthorne & Co. CPAs team, having joined us as a Staff…
Back to News SBA Settles Confusion Over PPP Forgiveness Application Due Date The Small Business Administration has released guidance that confirms Paycheck Protection Program loan-forgiveness applications are not due Oct.…
Back to News SBA Clarifies Deferral Period for PPP Loan Payments The Small Business Administration has released guidance clarifying that lenders must recognize the previously established extended deferral period for…
Back to News PPP Forgiveness Simplified for Loans of $50,000 Or Less Paycheck Protection Program borrowers of $50,000 or less have an opportunity to apply for forgiveness using a simplified…
