President Trump just signed The Emergency Coronavirus Relief Act (ECRA), which, among many other things, makes Paycheck Protection Program (PPP) money that was previously expected to be taxable, now tax-free. I’m no accountant, but it seems to me that if you had been (rightly) saving some of your PPP money to pay taxes, you now have all of that money available for your business: A true Christmas miracle for small business owners and entrepreneurs!Now, there are two types of entrepreneurs. There are those who like to put money away to save for a rainy day, and there are those …
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