PPP loans were authorized to assist small businesses adversely affected by the COVID-19 pandemic. With new guidance from the IRS, taxpayers may be able to amend their 2020 tax returns to take advantage of the Revenue Procedures.
Although the ERC calculations can be meticulous, the potential benefits that practices had seen are worth examining. We have worked with many business owners in the healthcare industry to help calculate and claim this credit. Get the details here.