CARES Act

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

The House voted Thursday to give small businesses financially strapped by the COVID-19 crisis more flexibility to spend forgivable loans for payrolls and expenses from the government’s popular Paycheck Protection Program.

Tosha Anderson of The Charity CFO shares the strategies that not-for-profit organizations are taking to weather COVID-19.

The release of the SBA's loan forgiveness application highlights the questions that remain around the Paycheck Protection Program.

Waiting for refunds; EIP debit cards; using state-level OICs; and other highlights from our favorite tax bloggers.

The Treasury Department and the Small Business Administration released an interim final rule after posting the loan forgiveness application.

The class action claims banks aren’t paying practitioners their fair share.

From more OICs and higher state taxes, to managing NOLs and the long-term ramifications of the PPP, experts advice predictions for practitioners.

A bipartisan group of lawmakers has introduced legislation to close a loophole in the CARES Act.

The Internal Revenue Service issued its annual inflation adjustment Wednesday for health savings accounts for 2021, at a time when many taxpayers are worried about their health in the midst of the novel coronavirus pandemic.

Both pieces of legislation have caused sweeping changes to retirement planning and wealth management.

The Top 100 Firm has its eye on more COVID-19 solutions.

For families who employ a nanny to care for their children in the home, there is the extra concern of what to do with their employee.

The application from the Treasury leaves many questions unanswered.

The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.

Crowe has joined the growing number of firms offering solutions to aid in Paycheck Protection Program participation.

The Internal Revenue Service is bringing in more help to deal with the flood of calls about economic impact payments.

Members of the American Accounting Association's Financial Reporting Policy Committee denounce provisions in the CARES Act they see as threatening FASB’s independence and setting a dangerous precedent with serious potential to undermine confidence in corporate financial reporting.