Jennifer Berman is an employee benefits attorney for MZQ Consulting and Kelly Benefit Strategies.
have added flexibility, there are still more expenditures that may qualify for reimbursement than you'd think.One unique aspect of the PPP is its approach to what's considered a "utility." Under new, these expenses, along with rent and mortgage interest, are now forgivable for up to 40% of the loan.
For example, if in 2018 you used a company car and deducted the appropriate mileage or depreciation on your taxes, you can choose to allocate PPP loan dollars to that expense and be eligible for forgiveness. Of course, now that Congress has extended the PPP spending timelines from eight to 24 weeks, small businesses have much more time to expend funds on payroll and may not be as focused on ensuring other expenses are covered.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Phone booth-like tiny room could be an office inside your living room - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Facebook's bad week, inside The Athletic, and Red Bull's reckoning - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I thought he had enough money to get a decent haircut Don't give up Mark!
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Orum House, the Bel Air mansion shaped like a propeller: photos - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Prefer the house of Bill Gates at Seattle: a mix of human warm in natural paradise with all possible Tech inside. Elegancy and classy are not an invention, are ancient education in ancient dna🤩👏👏👏👏👏👏👏👏👏👏👏❤️
Source: BusinessInsider - 🏆 729. / 51 Read more »
As many as 14% of small businesses may lay off workers when their PPP loans run out - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. I think that numbers to low
Source: BusinessInsider - 🏆 729. / 51 Read more »
Shoppers spent more money outside the grocery store in May - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Tesla used faulty battery cooling system design for Model S in 2012, insiders say - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. PhenomenalPoto lopezlinette Criminal. lopezlinette I'm guessing even with the flaw that the Model S was still safer than 99% of combustion engine cars. lopezlinette This sounds similar to many things happening for COVID19 too.
Source: BusinessInsider - 🏆 729. / 51 Read more »