Afternoon Edition

New national cemetery to open, Guidance on PPP loan expenses, Self-Care webinar available

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We found a lot of information over the Thanksgiving holiday weekend that we thought was worthy of distribution to you.  Included in today’s message you will find information on our nation’s newest veteran’s cemetery to be dedicated today in western New York state.  The cemetery, eleven years in the making, has been designed to serve veterans from the Buffalo and Rochester areas.

You will also find information from our friends at Clifton Larson Allen concerning last Spring’s Payroll Protection Program and information on the deductibility of certain expenses related to that program according to a November 18 ruling by the Internal Revenue Service.

And, we’ve included a link to register for a Webinar set for later this week about the “Importance of Self-Care”.  That webinar is brought to you by the Funeral Service Foundation and the National Funeral Directors Association.

In this article you can read about the new Western New York National Cemetery in Pembroke, New York.  Today’s dedication ceremony, which is closed to the public because of COVID-19, marks the culmination of an eleven year effort to bring a national cemetery closer to the areas of Buffalo and Rochester, New York.

When the first phase is totally complete, sometime in 2021, the cemetery will have space for 4,000 veterans.

In this article from Clifton Larson Allen entitled “Treasury disallows 2020 deduction for expenses paid using forgivable PPP Loan Funds” you can read about the IRS Ruling 2020-27 that appears to say that a PPP borrower may not deduct eligible expenses on its 2020 tax return if the borrower has a reasonable expectation that its PPP loan will be forgiven.

From this link you may register for the above mentioned webinar entitled, “You Matter: The importance of Self-Care” .  According to the registration form it is a free event for funeral service professionals presented by the Funeral Service Foundation.

Featured in the webinar will be Dr. Alan Wolfelt and Ms. Lisa Baue.  You can learn more about them on the registration form.

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