Is the EIDL Taxable? How to account for PPP and EIDL on your books!

Is the EIDL grant and EIDL loan taxable?

I also discuss, in detail, how to account for the PPP loan on your financial statements if you use accounting software. I also go in detail on how to account for the EIDL loan and EIDL grant.

Please check out my other videos on information on the PPP loan, the EIDL loan, and the EIDL grant as well as anything related to those stimulus packages.

#EIDL #PPP

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PPP Playlist:
https://www.youtube.com/playlist?list=PL_NsTNDu5AJfIvbNI6pqiCNN6Xx-GMAmV

EIDL Playlist:
https://www.youtube.com/playlist?list=PL_NsTNDu5AJe7GgKLSPl8TgwoLJygX_lh

COVID-19 Playlist:
https://www.youtube.com/playlist?list=PL_NsTNDu5AJd0-oafYxfqXBmZk9EmSiwF

Music by Adam:
https://bit.ly/2WUgQ8J

This video is for entertainment purposes only. The information portrayed in this video should not be considered as tax or legal advice. Consult with your own tax professional and attorney to get proper advice for yourself.

Видео Is the EIDL Taxable? How to account for PPP and EIDL on your books! канала Nguyen CPAs