Paycheck Protection Loan Forgiveness Just Got Easier
#TaxTwitter where tax professionals of various sorts kind of swap professional recipes and engage in remote group therapy practically turned into all Paycheck Protection all the time as CPAs and others who often are a business’s most trusted advisers threw themselves into helping their clients.
For Some Churches, SBA’s Paycheck Protection Program Is Better Than Bingo
If churches want to be treated like the other 501(c)(3) when it comes to receiving government bailouts, they should probably be treated the same when it comes to disclosure and file 990s. And if ministers want their paychecks protected like everybody else’s, maybe they should not be able to exclude cash housing allowances. Just saying.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.