Paycheck Protection Program

The latest stimulus package includes a number of provisions that make some major adjustments to the Paycheck Protection Program. Erik Asgeirsson of CPA.com and Lisa Simpson of the AICPA discuss the latest changes, and how accountants should be working with clients to make the most of them.

As the time comes for businesses to apply for PPP loan forgiveness, CPAs can provide vital assistance to ensure success for their clients.

The pandemic reshaped the profession throughout the year — and will continue to do so in 2021.

With only a few days to go before the end of a difficult year, some accountants and tax professionals are still hoping to finish up some perplexing issues for their clients before New Year’s Day.

The provision could amount to $120 billion in write-offs.

A critical PPP deduction, tax extenders, business meal deductions and more are among the critical points.

The latest round of coronavirus stimulus legislation includes some major tax provisions and changes for accountants to watch out for in the New Year.

Small business owners who got Paycheck Protection Program loans could qualify for big write-offs from their rescue money, amounting to what Treasury Secretary Steven Mnuchin has called a tax-break “double dip.”

Lawmakers are seeking to address some of the PPP’s more obvious failings in the latest coronavirus bill.

The first round of the Paycheck Protection Program brought booming business to firms. Accountants should be prepared for more of the same in 2021.