Has the Paycheck Protection Program outlasted its usefulness?

On May 26, 2020, thought leaders Gary Boomer, Allan Koltin and Gary Shamis shared their insights on the new challenges facing accounting firms and their leaders, and the steps they should be taking to survive the pandemic and thrive in its aftermath.

Two AGL CPA partners developed the tool to assist CPA firms and clients in navigating the Paycheck Protection Program.

Bill Smith, managing director of the National Tax Office of CBIZ MHM, discusses the loan forgiveness provisions of the PPP, along with the employee retention credit, net operating loss carrybacks and economic impact payments, along with the prospects for the next round of stimulus in Washington.

The Bonadio Group, a Top 100 Firm based in Rochester, New York, began returning to its offices this week as the stay-at-home order to combat the spread of the coronavirus was lifted in some parts of the state.

The act increased many of the limits from the Tax Cuts and Jobs Act, and the IRS has offered more guidance.

The extended tax deadline is helpful — but practitioners still find themselves with plenty to do.

In response to the coronavirus, the Internal Revenue Service and the Treasury are giving renewable energy companies more time to develop projects using sources such as wind and geothermal.