Last month's COVID-19 relief bill has accountants recommending some deductions to clients, and wondering about the applicability of others.
The Internal Revenue Service and the Treasury Department released guidance on claiming deductions for expenses associated with Paycheck Protection Program loans that have been forgiven.
Accounting firms Crowe LLP and BKD LLP released year-end tax-planning guides Wednesday, during a time of great uncertainty over future tax changes in the midst of the novel coronavirus pandemic and the upcoming election.
Crowe has joined the growing number of firms offering solutions to aid in Paycheck Protection Program participation.