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Tax Law for the Closely Held Business

Legal Updates & Commentary for Tax & Estate Planning

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Deductions for PPP Covered Expenses – Almost There; How Will Your Business Use the Tax Savings?

By Farrell Fritz P.C. on May 18, 2020
Posted in Federal

What Did You Do Last Night?

“Friday night, May 15 . . . You didn’t watch the roll call vote in the House? . . . On CSPN . . . The HEROES Act. . . . C’mon, seriously. . . . Really? . . . You had no interest whatsoever? . . . Foregone…

Opting Out of the PPP? There Are Some Tax Benefits to Consider

By Farrell Fritz P.C. on May 11, 2020
Posted in Federal

So Much Promise

I am not embarrassed to say that I was excited at the introduction of the bill that would eventually be enacted as the CARES Act.[i] In particular, I viewed the Paycheck Protection Program[ii] as a practical means of getting funds into the hands of those closely held businesses that needed…

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