Nov19Thu

Member News from PA DCED

FOR IMMEDIATE RELEASE
November 19, 2020
Office of International Business and Development Recognized for Efforts to Link Community, Commerce Across the Atlantic
HARRISBURG, PA — Today, Department of Community and Economic Development (DCED) Secretary Dennis Davin celebrated the nomination of Deputy Secretary of the Office of International Business and Development (OIBD) Joseph Burke for a Golden Bridges Award at the 12th annual Golden Bridges Conference and Awards sponsored by The Irish Echo and Ireland Northwest.

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Nov19Thu

Member News from Mazars

IRS Guidance Issued on Deductions Funded with PPP Loans

November 19, 2020

On November 18, 2020, the Internal Revenue Service (IRS) released Revenue Ruling 2020-27 and Revenue Procedure 2020-51 providing taxpayers guidance on the treatment of expenses related to forgiven Paycheck Protection Program (PPP) loans.  This guidance is a follow-up to the IRS’s previous guidance on the disallowance of deductions for expenses related to the forgiveness of a PPP loan, under Notice 2020-32.

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