Economy

The service issued guidance that levies a 21 percent excise tax on some nonprofit employees’ salaries above $1 million.

ConvergenceCoaching announces Transformational Leadership Program graduates; Baker Tilly admits 23 partners; and more CPA news.

Small businesses have run into roadblocks trying to apply for PPP loans since the pandemic triggered mandatory closures.

The bill, which passed the House last week on a 417-1 vote, now heads to President Donald Trump’s desk for his signature.

The payroll provider has been partnering with accountants to help them secure loans for their small businesses.

Employment growth at small businesses improved slightly in May, up 0.25 percent, as stay-at-home orders eased in most states, but that was only after reaching historic lows in April, according to payroll giant Paychex.

EY adds to global executive team; BKD breaks out big data & analytics into new national practice; and more CPA news.

Could your accounting firm thrive as a multifamily office?

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.

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.

The SBA’s form clarifies some issues, but still leaves questions to be answered.

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

Your clients' businesses evolve over time — and the business environment in which they operate changes as well, especially at a time like this.

Grant Thornton appoints leaders of 18 offices; Clayton & McKervey introduces PPP consulting services; and more CPA news.

Business operations need cash influxes now more than ever.

Equip your boots on the ground to recognize R&D worthy of credit.

Many will reconfigure what they do to the new reality and will make some investments in updating and formalizing some of their Band-Aid processes.

The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.