ERC Tax Return Amendment Rules Change

On March 20, 2025, the IRS issued updated FAQs clarifying that taxpayers no longer need to file protective claims for amended tax returns related to the Employee Retention Credit (ERC). This update replaces earlier guidance, which recommended protective claims as a...

PPP Loans Out of Money — What To Do Now?

The Small Business Administration announced on Thursday, April 16th all federal funds set aside for the Paycheck Protection Plan (PPP) Loans have been allocated to those business owners who were persistent (and fortunate) enough to get through the application process...

How the Paycheck Protection Loans Work

 On Friday, March 27, 2020, the Paycheck Protection (Loan) Program (PPL) for small businesses was approved as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.  This new law is intended to help small business owners in an unprecedented way.  On...