File folders Businesses would do well to start their tax preparation as early as possible, given the complexity of last year’s finances for many businesses.  (Photo: Shutterstock)

Of all the measures taken by the Federal government to address the economic impact of the COVID-19 pandemic, the Paycheck Protection Program (PPP) probably received the most attention. With many small businesses forced to shut their doors—at least temporarily—millions of employees were left without a source of income. The domino effect of this collapse threatened to trigger the most severe economic downturn since the Great Depression; a prospect that, sadly, came to fruition.

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