The Justice Department has charged more than 120 defendants with fraud related to PPP loans. Some cases are substantial. For example, in March, a Texas man pleaded guilty to a scheme applying for 15 ...
The bulk of the loan money handed out through the government’s $800 billion Paycheck Protection Program (PPP) didn’t go to workers—it helped business owners and shareholders. That’s the finding of a ...
The Paycheck Protection Program (PPP), a federally-funded loan program created as part of the CARES Act as an incentive for small businesses to maintain their payrolls, stopped accepting loan ...
Add Yahoo as a preferred source to see more of our stories on Google. Ron Sachs - CNP/Newscom The pandemic-era Paycheck Protection Program (PPP) was a bloated, wasteful mess—and now the guy ...
Since the Paycheck Protection Program was passed in March, the forgiveness/payback rules have changed. This is the 21st edition of my New Regular series, which is devoted to helping your business ...
A PPP loan isn’t taxable income. Generally, businesses are not required to report that they received a PPP loan. However, they would need to report certain information if the loan was forgiven and if ...