There's debate on PPP Timing. Originally the IRS said you need to account for it in the year you "reasonably believe" the expenses were used and will be forgiven. Now the conversation is turned to "you can't account for it until it's officially cancelled/forgiven by the bank". Like most of us, I know my clients and I know they utilized it 100% correctly and will be forgiven. Waiting until 2021 will cause a host of problems. I believe we will see it done both ways.