Paycheck Protection Program

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.

Small-business employment and hours worked grew a bit in September, especially in the Northeast and within the construction industry, according to the latest monthly report from payroll giant Paychex.

An inside look at how three firms handle their Paycheck Protection Program services.

The Internal Revenue Service said Tuesday that lenders who make Paycheck Protection Program loans that are later forgiven under the CARES Act should not file information returns or furnish payee statements to report the forgiveness.

The cloud-based solution provides dashboard visualization and other tools for managing clients' loan forgiveness applications.

But the federal government has been able to correct some of its earlier missteps, like sending millions of stimulus checks to the deceased, according to the Government Accountability Office.

Delivering advisory services to help small businesses through the pandemic is a win for everyone.

It's been a most unusual year for tax pros, and National Conference of CPA Practitioners president Neil Fishman dives into the major issues — and what's to come.

Senate leaders will be trying to hold their parties together for a vote Thursday to advance a slimmed-down stimulus bill that Democrats have already rejected, with both sides jockeying for advantage in public perceptions two months before the election.

With the forgiveness process now open, accountants, tax professionals and auditors are working around the clock to submit forgiveness applications on behalf of their clients. There are several steps you can take to increase the likelihood of loan forgiveness.

Requiring so little from applicants and giving so little guidance to them is virtually begging for fraudulent loan applications to be submitted or for good faith errors to be made.