Paycheck Protection Program

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.

The coronavirus slowdown has hit the IRS and tax professionals,

For a few months this year, a U.S. government aid program meant for struggling small-business owners was handing out $10,000 to just about anyone who asked. All it took was a five-minute online application. You just had to say you owned a business with at least 10 employees, and the grant usually arrived within a few days.

COVID-19, the election and much more all need to be taken into account.

Wagering and taxes; taming email; to NEC or not; and other highlights from our favorite tax bloggers.

Accountants and tax professionals have been helping their small business clients deal with the economic fallout from the COVID-19 pandemic, shifting away from their routine compliance work after the end of the prolonged tax season.

The coronavirus pandemic has introduced a number of new areas that companies need to address.

The U.S. Small Business Administration and the Treasury Department are making it easier for companies to get their Paycheck Protection Program loans of $50,000 or less forgiven.

The coronavirus pandemic is creating new exposures for accounting firms, and exacerbating others.

More bucks for the IRS; deductible haircuts; virtues of virtual learning; and other highlights from our favorite tax bloggers.