Category Archives: Loans

Deductible Expenses with PPP Loans & the 2nd Round of PPP Loans

By Rolf Neuweiler 01-04-2021

The US Congress rules that expenses covered by PPP loans are tax-deductible; second round of PPP loans have simplified application for loans under $150k. Expenses With PPP Money Are Tax Deductible Out of the window now: all IRS rules about not allowing deducting expenses with Paycheck Protection Program (PPP) loans on tax returns. New rules […]

Apply Non-deductible Business Expenses Related to PPP Loans in 2020 Taxes

Accounting Financial Statements Loans PPP loans and forgiveness

By Rolf Neuweiler 12-01-2020

The IRS rules that payroll and business expenses that PPP loans helped to cover in 2020 are not deductible in determining 2020 business taxes. For businesses that took out PPP loans in spring 2020, the IRS does not allow “double dipping” by deducting business expenses associated with the forgivable portions of your PPP loan, as […]

PPP loan increases businesses taxable income, by Rolf Neuweiler, a2zCFO, (925) 216-5058 or email: rolf@a2zCFO.com

PPP Loans Affect 2020 Business Taxes

Accounting CFO Debt & Loan Management Loans Taxes

By Rolf Neuweiler 11-15-2020

Though the forgiven portion of a PPP loan is non-taxable, taxable income is also higher since payroll and other expenses are not deductible. The US Federal government doled out more than $500 billion forgivable PPP loans under the CARES Act to small businesses in order to help keep employees on payroll and pay for rent […]

dollars and calculator with plus red button, used for an article about Pay Check Protection SBA loans due to Covid-19 for small businesses, written by Rolf Neuweiler, consulting CFO at www.a2zCFO.com

PPP Loans’ New & Better Terms, – 6 days left to apply!

Cash flow Debt & Loan Management Financing Loans

By Rolf Neuweiler 06-22-2020

The Paycheck Protection Program (PPP) loan program is scheduled to end June 30, 2020. The new PPP legislation has changed the Paycheck Protection Program Loan to make it easier to qualify for forgiveness up to 100%: You now have up to a 24-week Covered Period (previously 8 weeks) to spend loan funds starting the date […]

Good bookkeeping & accounting practices help avoid financial and management pitfalls for a growing small business, Rolf Neuweiler, A2ZCFO (image: money pitfall)

Financial and Management Pitfalls for a Growing Small Business – Part 1 of 2

Accounting Budgeting Business Management Cash flow CFO Consulting Debt & Loan Management Financial forecast Financial Statements Financing Line of credit Loans Profit margin Strategies Taxes

By Rolf Neuweiler 01-29-2019

Part 1 of 2: PITFALLS FOR A GROWING SMALL BUSINESS In January 2019, I talked about financial and management pitfalls for growing small businesses at a professional networking group meeting. Here in Part 1 of the two parts, we first focus on each potential pitfall related to lacking strategic goals and skills. In Part 2 […]

Cash flow can be mitigated with finance solutions, lines of credit, & non-financing improvement of management systems. Rolf Neuweiler, A2ZCFO (image:chalkboard)

Cash Flow Problems and Solutions for Startups and Small Businesses (3rd of 3 parts)

Accounting Budgeting Business Management Cash flow CFO Consulting Debt & Loan Management Financial forecast Financing Line of credit Loans Profit margin Strategies

By Rolf Neuweiler 10-27-2018

This is the last of three parts about cash flow problems and solutions for small businesses. In Parts 1 and Part 2, we discussed seven preventive strategies for all businesses: 1.) Get accounting books organized. 2.) Use a cash-flow budget. 3.) Get customers to pay quickly. 4.) Rein-in unnecessary spending and stay alert to potential […]