GRANTHAMPOOLE ARTICLES

The Latest Guidance on PPP Loan Forgiveness

A little more than three weeks ago, President Trump signed into law the PPP Flexibility Act of 2020 (Flexibility Act) which made some significant changes to the Paycheck Protection Program (PPP), a loan program introduced in the CARES Act of...

Valuation News and Insights – Tax-Affecting Earnings of PTEs

Whether to tax-affect earnings of pass-through entities (“PTE”) has been a hotly debated topic among business valuators for over two decades.  Historically, the IRS has held that PTE earnings are after-tax since there is no tax at the entity...

CARES Act Makes Long-Awaited Correction to the “Retail Glitch”

The Tax Cuts and Jobs Act (TCJA) was a major overhaul of the U.S. Tax Code passed in 2017.  Of course, 2017 seems like decades ago considering all that has transpired since then, most notably the coronavirus pandemic.  Unfortunately, it took a...

Mississippi Coronavirus Relief Bill Signed

Last week, Governor Tate Reeves signed a bill to provide $300 million in relief to small businesses in Mississippi.  The $300 million is part of the federal relief provided to states in the CARES Act passed in Washington on March 25. The...

Returning to Business – But Not “As Usual”

I started joking weeks ago that overuse of the word “unprecedented” resulted from everyone’s avoiding use of more colorful terms when distinguishing the new world from pre-pandemic reality. You’ve barely been able to get through a news conference since...

Your Business Got a Paycheck Protection Program Loan! Now What?

Recipients of PPP loans have 8 weeks from the date of funding to spend the loan on specific allowable expenses if they want to benefit from the program’s forgiveness provisions.   Taking care of some details on the front end will surely help with...

Share This