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HOLDING ON: Joseph A. Mansour Jr. is the president of Marcovich, Mansour & Capobianco LLC in Lincoln, an accounting firm that represents about 400 businesses that received Paycheck Protection Program loans. Mansour said he’s advising those clients to keep some of that money, if possible, in case they have to pay taxes on the funds in April 2021. / PBN PHOTO/MICHAEL SALERNO

Tax questions over PPP loans remain unresolved

Accountants who helped shepherd businesses through the process of obtaining federal Paycheck Protection Program loans this year are now cautioning them to not assume...
TAX GUIDES: Anthony Scorpio speaks with Judith Giannini at Mullen Scorpio & Cerilli in Providence. The certified public accountants help small businesses apply new tax laws, such as the Qualified Income Business Deduction. / PBN PHOTO/MIKE SKORSKI

Deductions, depreciation are adding up for some small-business owners

Small-business owners in Rhode Island are taking advantage of tax credits and cuts first made available in 2018 but which are becoming more commonly...
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