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Schechter Dokken Kanter CPAs

You are here: Home / Archives for Beth Johnson

January 18, 2021

Virtual Currency Activity? The IRS Wants to Know About it

Virtual Currency Activity? The IRS Wants to Know About it

Virtual currency: Is it an investment? Is it currency? Is it a side hustle? For a growing number of us, the answer matters. Included in “us” is the IRS, which no surprise, wants a piece of the action.

Article by Beth Johnson / Articles Leave a Comment

January 6, 2021

Eligible Paycheck Protection Program expenses now deductible

From the IRS Newswire The Treasury Department and the Internal Revenue Service issued guidance today allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the Paycheck Protection Program (PPP). Today’s guidance, Revenue Ruling 2021-02, reflects changes to […]

Article by Beth Johnson / Articles Leave a Comment

December 30, 2020

Trump signs stimulus bill providing new round of the Paycheck Protection Program

The Act provides assistance to qualifying small businesses by reformulating and reopening the Paycheck Protection Program (PPP). Here are some of the details you should know: To qualify for the second draw, businesses must have less than 300 employees and have experienced a reduction of at least 25% of their gross revenues in any quarter […]

Article by Beth Johnson / Articles

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