New Haven Biz quoted Tax Partner Michael Maksymiw in an article about PPP2, the new round of Paycheck Protection Program funding for small businesses.
New Haven Biz
By Natalie Missakian
“Michael Maksymiw Jr., a CPA and partner with accounting and advisory firm Marcum LLC, said the most common question he gets from clients is how to show the required 25 percent drop in gross receipts. He said businesses should use the same accounting method they use on their tax return.
“Most of these businesses file on a cash basis. So they can look at their 2020 tax return compared to their 2019 return,” he said.”
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