Paycheck Protection Program

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.

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.

Research credits could look very different for some companies in 2020 compared to other years.

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

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.

Mute points; a twist on taking the AOTC; abolishing estate exclusions; and other highlights from our favorite tax bloggers.

The application from the Treasury leaves many questions unanswered.

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

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.

Tax practitioners share the questions they’re getting asked most, and how they’re answering.

The Small Business Administration’s troubled Paycheck Protection Program appears to be providing more businesses with long-awaited loans, despite the rocky rollout and ever-changing guidance, according to a new survey.

The Internal Revenue Service guidance caused some consternation among some small businesses and tax experts.

Divorce and COVID-19 each bring various tax considerations.

Republicans universally rejected a $3 trillion stimulus measure drafted by House Democrats to bolster the U.S. economy, but the draft plan has the seeds for an eventual, smaller compromise.

House Democrats proposed a $3 trillion virus relief bill Tuesday, combining aid to state and local governments with direct cash payments, tax breaks, expanded unemployment insurance and food stamp spending as well as a list of progressive priorities like funds for voting by mail and the troubled U.S. Postal Service.

Padgett Business Services’ Roger Harris suggests some exceptions for employers with fewer than 50 staff.

More PPP details; virtues of reading instructions; the IRS slowly returns; and other highlights from our favorite tax bloggers.

We have all spent so much time and energy applying for the Paycheck Protection Program, trying to interpret and decipher the intent behind the words.