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Tag Archives: year

Latvian Lingerie Designer Looks to Expand in Leesburg

A Latvian-born Loudouner who at one point in his life resolved to design racecars is now working to expand his online lingerie business to give customers an in-person chance to peruse items before swiping their cards. Armands Kruze owns and operates his Lavinia Lingerie company out of an office in …

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The Deductibility Of Expenses Paid With Forgiven PPP Loan Proceeds

On April 30, 2020, the Internal Revenue Service (the “IRS”) released Notice 2020-32. The Notice sets forth the IRS’s position that no deduction is allowed for federal income tax purposes for any expense paid with loan proce that are received and forgiven under the Paycheck Protection Program (“PPP”), provided for …

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