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How to Prove a 25% Revenue Decline: Qualifying for a Second Draw Paycheck Protection Program Loan

March 28, 2021

Second-round Paycheck Protection Program (PPP) loans are available to businesses that have already taken out their first PPP loan.

How your Paycheck Protection Program (PPP) Loan Amount is Calculated

March 17, 2021

Chugh CPAs, LLP Partner and CPA Sukhpaul Hundal explains how your Paycheck Protection Program (PPP) loan amount is calculated during this three-minute video.

New Legislation Expands Financial, Tax, and Other COVID-19 Relief for Businesses and Individuals

March 16, 2021

On March 10, 2021, Congress passed the American Rescue Plan Act of 2021 (ARP) to help individuals and businesses cope with the impact of the COVID-19 pandemic.

Are Expenses Paid with Paycheck Protection Program Loans Tax-Deductible?

March 11, 2021

This tax season, many business owners are wondering whether expenses paid using funds from their Paycheck Protection Program (PPP) loans are tax-deductible.

Tax Tips for 2020 and 2021: What Every Individual and Business Filer Should Know

March 3, 2021

Tax season is a complicated time. Luckily, the experts at Chugh CPAs, LLP are here to help.

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