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.

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.

To better understand how the U.S. tax rules apply to virtual currency, one can view the many technical issues that arise as answering one of four questions.

The SBA’s form clarifies some issues, but still leaves questions to be answered.

Opponents like Sen. Ron Wyden claims the rules are politically motivated.

The Internal Revenue Service and the Treasury Department issued proposed regulations Wednesday to update the income tax withholding rules for periodic retirement and annuity payments made after Dec. 31, 2020.

The council has opened a 90-day consultation period on proposed revisions to its International Integrated Reporting Framework, and named Conor Kehoe as its new chair.

The Financial Accounting Standards Board has appointed Hillary H. Salo, a partner at KPMG, as its new technical director and chair of the Emerging Issues Task Force.

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.