Restaurant Accounting for PPP Forgiveness & Tax Credits/Deferrals Under the FFCRA & CARES Act
Description
This year's tax season has the ability to get ugly if you're not sure where to look for answers. With the constant changes throughout the last year within the PPP, the FFCRA, and the CARES Act, questions are starting to swirl about the accounting for loan forgiveness, and what's involved with the possible tax credits or deferrals.
RASI Director of Compliance, Brian Smith, and Sydney Lynn, Director of Client Advisory Services, take a deep dive into Tax Season 2021 to untangle the web of stimulus legislation and outline everything you need to know to ensure your books are in tip-top shape.
Read the full Blog Post: https://rasiusa.com/blog/ppp-loan-forgiveness-tax-credits-deferrals-under-the-ffcra-cares-act/
Watch the full Video: https://youtu.be/Vme7Cut8L2A
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