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.
The Museum is Temporarily Closed Due to Covid-19
The Museum of the American Revolution is now temporarily closed to the public through Jan. 1, 2021, in accordance with new guidelines released by the City of Philadelphia. All scheduled onsite programs and events during that time will be cancelled or postponed. The Museum will reopen when City restrictions are lifted.
We are committed to providing a safe environment for our visitors, staff, and community and will continue to follow guidance from public health authorities. For updates, visit our health and safety protocols page on our website.
Female Irish Entrepreneur Launches Bakery Despite Pandemic
Washington, DC – Tuesday, November 17th, 2020
Caroline Johnston, from the beautiful town of Greenisland, was taught from a young age to bake by her mother, a home economics teacher. Caroline’s soon-to-be 100-year-old grandmother was also an inspiration while growing up in Northern Ireland.
She never thought, as a multi-lingual international business executive, who this past year established a DC metro based women-focused coaching & consulting company called Caroline Sarah Ventures, that she would have an opportunity to launch a brand new Irish & European Bakery in the middle of a global pandemic. GreenIsland Bakery (GIB), named after her hometown in Northern Ireland, has spent the past four months running a pilot test pop-up shop in partnership with Christy & Libby Hughes, owners of The Irish Inn at Glen Echo.
Global Database is a B2B online platform that provides information for over 80 million companies across 190 countries worldwide. In Ireland, Global Database has information for every single registered company – 232.559 active companies.
Congratulations to Shari Kruzinski of WSFS Bank on being named to the Philadelphia Business Journal’s Women of Distinction 2020!
