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.

The American Institute of CPAs has joined with over 560 business and trade organizations in urging Congress to pass legislation.

Economic experts believe the current surge is not enough to stop continued losses incurred by various segments of economy.

With a CARES Act fix stalled along with stimulus legislation, the institute is urging CPAs to put pressure on their representatives.

The top Republican and Democrat on the Senate Finance Committee said the Treasury Department “missed the mark” in new guidance that limits tax breaks for businesses that get their Paycheck Protection Program loans forgiven.

The guidance clears up the tax treatment of expenses when a loan from the Paycheck Protection Program hasn’t been forgiven by the end of the year.

The single-family house on Forestview Avenue in Euclid, Ohio, a suburb of Cleveland, shows no signs of farming activity. The only things growing on the one-eighth-acre plot are trees, shrubs and grass.

Practitioners share how they're helping individual clients navigate financial issues and more.

It’s not too early to start planning how to make your firm better next year.

Practitioners share how they handled charging for stimulus services, and interacting with clients.

PPP questions; differentiating data; partner preparation; and other highlights from our favorite tax bloggers.