thumbnail image of a PKF Texas white paper about the November 18 PPP Loan ruling impacting tax planningThe IRS released new ruling and guidance on November 18, 2020 for businesses who received a Paycheck Protection Program (PPP) Loan, Revenue Ruling 2020-27 and Revenue Procedure 2020-51, which clarifies the tax deductibility of expenses related to loans that have not been forgiven.

The PKF Texas team wants to share with you a special information document with timely considerations to start thinking about. Click the image to the right or download the document from our website.

There is not a uniform answer on when it is the best time for a business to apply for PPP Loan forgiveness, so please reach out to the PKF Texas accountants and advisors who can co-develop a solution which makes most sense for your business.

Byron Hebert, CPA, CTP
Chief Growth Officer & Practice Leader, EAS
BHebert@PKFTexas.com
www.PKFTexas.com/ByronHebert

Matt Goldston, CPA, CVA, CM&AA
Director, EAS
MGoldston@PKFTexas.com
www.PKFTexas.com/MattGoldston

Sam Razmandi, CPA
Director, EAS
SRazmandi@PKFTexas.com
www.PKFTexas.com/SamRazmandi

Danielle Supkis Cheek, CPA, CFE, CVA
Director, EAS
DCheek@PKFTexas.com
www.PKFTexas.com/DanielleSupkisCheek

Del Walker, CPA
Practice Leader & Director, Tax
DWalker@PKFTexas.com
www.PKFTexas.com/DelWalker

Frank Landreneau, CPA
Director, International Tax
FLandreneau@PKFTexas.com
www.PKFTexas.com/FrankLandreneau

For more information related to COVID-19, visit our website with the latest updates: www.PKFTexas.com/COVID-19.