Paycheck Protection Program loan recipients face a new challenge: Taxes

Nov 17, 2020
As the year draws to a close, small business owners are starting to figure out their tax liabilities for 2020. That's complicated for businesses that got Paycheck Protection Program loans.
Empty chairs are seen inside a restaurant in New York on Nov. 13, 2020. Businesses whose PPP loans are forgiven are not allowed to claim deductions on expenses that were paid for using loan money.
Kena Betancur/AFP via Getty Images

Small businesses await clarity before applying for PPP loan forgiveness

Oct 5, 2020
The uncertainty over whether there'll be another round of loans — and whether small loans will be forgiven automatically — is holding them back.
Chairs are stacked on tables at a closed restaurant in New York City. Many small businesses are waiting until they hear from Congress to apply for PPP loan forgiveness.
Stephanie Keith/Getty Images

As Feds go after PPP fraud, businesses apply for loan forgiveness

Sep 23, 2020
Getting that debt pardoned is a rigorous process right now. Some want to simply excuse loans under $150,000.
A small boutique selling masks and gloves in Arlington, Virginia in April.
Olivier Douliery/AFP via Getty Images

Some businesses now have an easier way to apply for PPP loan forgiveness

Jun 18, 2020
The SBA and the Treasury Department released a streamlined forgiveness application for PPP loans this week.
A restaurant owner waits for customers in Key West, Florida.
Joe Raedle/Getty Images

Student loan changes ahead

Jan 25, 2018
Congress is going to change how much graduates need to pay back and how quickly. Pell Grants and loan forgiveness are part of the Republican overhaul, too. A Senate committee will hold a hearing today with new details of an ambitious plan to reboot the nation’s student financial aid system. Until now, proposals for how […]