Paycheck Protection Program

The Senate has passed an extension of the popular Paycheck Protection Program for small businesses, which was set to close down Tuesday night with more than $130 billion in funding left over.

As small businesses in different parts of the country reopen in the midst of the novel coronavirus pandemic, they are beginning to increase the number of hours worked by their employees, according to payroll giant Paychex, although spikes in the virus are threatening to set back those gains.

The head of a federal watchdog agency had some direct experience with the shortcomings of one of the coronavirus stimulus programs — a check from the IRS made out to his late mother.

Notices finally arriving; big breaks for Oprah and Walmart; the snares of working remotely; and other highlights from our favorite tax bloggers.

Tax pros share what they’re telling clients about relief for the jobless during the pandemic.

The Trump administration, following a backlash, said it would release details about companies that received loans of $150,000 or more from a coronavirus relief program for small businesses.

For B2B sellers, extending credit to customers always carries a degree of risk — payments could be delayed, or worse yet delinquent, jeopardizing working capital. But in an economic crisis, that risk is compounded.

The Small Business Administration and the Treasury Department unveiled a simpler loan forgiveness application for the Paycheck Protection Program to reflect changes under the PPP Forgiveness Act.

The lender portal for the Federal Reserve’s Main Street Lending Program has opened as the long-awaited alternative to the problem-plagued Paycheck Protection Program after weeks of delays.

The institute released guidance on how to account for forgivable loans under the Small Business Administration’s Paycheck Protection Program.

As applications for the second wave of PPP loans move into the final phase, many businesses will be asking: What do I do next if I don’t secure this loan?

A fresh look at the Paycheck Protection Program suggests other ways businesses may want to think about it.

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.

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.

The latest update adds a loan forgiveness estimator and PPP-specific reports to QuickBooks Online, among other tools.

Has the Paycheck Protection Program outlasted its usefulness?

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.