Tax Planning and Reporting Questions for PPP Forgiveness

How PPP Forgiveness Could Impact Taxes and Financial Reporting

Presented on November 30, 2020

Torre Hammer, Principal, Assurance Services
Sarah McKnight, Principal, Tax Services

Paycheck Protection Program (PPP) loan forgiveness and its tax and financial reporting implications are steeped in uncertainty. The key challenges are the timing of income recognition and deductibility of expenses, among other tax and reporting questions. Learn more about these complexities and other considerations in the following video.

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