Expenses Paid with PPP Loan Proceeds Now Deductible in Kentucky

On March 15, 2021, Kentucky Governor Andy Beshear signed into law House Bill 278, which allows expenses paid with PPP loan proceeds to be tax deductible for Kentucky income tax purposes, providing much needed relief for taxpayers. The passage of the Consolidated Appropriations Act (“CAA”) in late December provided taxpayers

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President Biden Signs the American Rescue Plan of 2021

[UPDATE: On Thursday, March 11, 2021, President Biden signed into law: H.R. 1319, the “American Rescue Plan Act of 2021,” which provides additional relief to address the continued impact of the COVID-19 pandemic on the economy, public health, State and local governments, individuals, and businesses. On March 10, 2021, the

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