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The Governmental Accounting Standards Board released a proposed technical bulletin Thursday from its staff with application guidance on the CARES Act and outflows incurred by state and local governments in response to the COVID-19 pandemic.
June 11
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The institute released guidance on how to account for forgivable loans under the Small Business Administration’s Paycheck Protection Program.
June 10
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A fresh look at the Paycheck Protection Program suggests other ways businesses may want to think about it.
June 9
UHY Advisors -
The Internal Revenue Service won’t charge people who threw their stimulus money away because they thought the envelope was junk mail.
June 8
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The financial landscape is looking worse than lawmakers expected, sending states to ferret out every opportunity to expand, demand, and open new and broader tax pipelines. No business will be spared.
June 4
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The bill, which passed the House last week on a 417-1 vote, now heads to President Donald Trump’s desk for his signature.
June 4
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The payroll provider has been partnering with accountants to help them secure loans for their small businesses.
June 3
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The CARES Act included several provisions allowing companies to claim net operating losses for past tax years, temporarily reversing some of the limitations in the Tax Cuts and Jobs Act.
June 2
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Senate Majority Leader Mitch McConnell will attempt to expedite approval of changes to the popular Paycheck Protection Program aimed at giving small businesses more flexibility in using the money from the fund, according to Senate aides.
June 2
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Has the Paycheck Protection Program outlasted its usefulness?
May 29
