INSIGHTS

It is important for our attorneys to be at the forefront of legal updates and new regulations; we feel it is equally important to help keep our clients abreast of the same industry news affecting their businesses.

IRS issues new guidance on the deductibility of business expenses paid for with PPP funds

Last week, the Internal Revenue Service (IRS) issued Revenue Ruling 2020-27, providing clarity on the ability of a Paycheck Protection Program (PPP) loan recipient (i.e. business owner) to deduct business expenses paid for using PPP loan proceeds. The updated ruling reinforces previous guidance issued in May through Revenue Ruling 2020-32 and if not followed, may increase the audit risk of a business owner by potentially understating their total net income (or overstating their potential loss).
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PA Funeral Board to determine which criminal convictions disqualify someone from being a funeral director – implications for applicants and employers

  The Pennsylvania State Board of Funeral Directors will soon consider which criminal convictions create a presumption that an individual should be denied a funeral director’s license. Historically, an applicant for a professional license who had a criminal...

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Lancaster

280 Granite Run Drive, Suite #300
Lancaster, PA 17601
Phone: (717) 556-1000
Fax: (717) 441-3810

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Harrisburg

4250 Crums Mill Road, Suite #201
Harrisburg, PA 17112
Phone: (717) 216-5505
Fax: (717) 547-1900

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Malvern

100 Deerfield Lane, Suite #240
Malvern, PA 19355
Phone: (484) 328-8500
Fax: (484) 713-5241

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