Paycheck Protection Program

Working at home and tax breaks; yet more PPP; down under; and other highlights from our favorite tax bloggers.

The U.S. Small Business Administration has posted rules about how businesses who have been turned down for forgiveness of their Paycheck Protection Program loans can appeal the decision.

Among the pandemic-related issues covered are how to handle the Paycheck Protection Program and other stimulus efforts.

It was the best of times for some tax pros — and the worst for others.

The American Institute of CPAs joined with more than 170 organizations in asking congressional leaders to allow businesses to write off expenses associated with loan forgiveness under the Paycheck Protection Program.

Granting and forgiving loans in different years can create problems.

Tax pros share lessons from this July 15 — and for next year.

Time is running out for further relief efforts before the August recess.

In a letter to leading legislators, the group also urged them to make businesses expenses paid with PPP money deductible.

Firms may want to trade short-term cash for long-term goodwill.

The American Institute of CPAs offered six policy suggestions for the next phase of federal COVID-19 relief legislation under consideration in Congress.

The speed and scale of the Paycheck Protection Program made it particularly susceptible to fraud, explains Juliette Gust, a forensic accountant and founder of Ethics Suite -- and that means businesses need to take steps to protect themselves.

Borrowers or their accountants can fill out the forgiveness application and the tool produces all government-mandated forms automatically.

Meanwhile, the AICPA is working to come up with a uniform approach for the applications.

Property tax disparity; finding clients with social media; remembering Kleinbard; and other highlights from our favorite tax bloggers.

The American Institute of CPAs has organized a coalition of 21 business trade groups to push for help for businesses' short-term liquidity needs.

The Trump administration released details of almost 4.9 million loans to businesses – from sole proprietors to restaurant and hotel chains – under the federal government’s largest coronavirus relief program so far, the $669 billion Paycheck Protection Program.

With a resurgence of the coronavirus threatening a nascent rebound of the U.S. economy, the White House and Congress are under increased pressure to come to terms on another round of stimulus.

The House gave final last-minute congressional approval Wednesday to extending the popular loan program for small businesses until Aug. 8, hours after the deadline for applications lapsed with more than $130 billion still available.