Payroll Protection Plan and Tax Issues for School Bus Contractors
Now that the Payroll Protection Plan loans have started funding – the questions re: how to qualify for forgiveness and how to coordinate these funds with other benefits are on everyone’s mind. School bus contractors have their own unique difficulties in this area, especially in coordination with their contracts and the school year calendar. Just like the application process, the tax issues are as clear as mud in many regards. Some questions can be answered, but some just cannot, so far. So, Rich Kelly has invited me (Joanne Natale, CPA, CFA of Proactive Tax Strategies, Inc.) to write today’s Legal Focus article about the Payroll Protection Plan and tax issues for school bus contractors.
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