Regulation and compliance
Regulation
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Tax pros share what they’re telling clients about relief for the jobless during the pandemic.
June 22 -
The Trump administration, following a backlash, said it would release details about companies that received loans of $150,000 or more from a coronavirus relief program for small businesses.
June 22 -
The Internal Revenue Service provided guidance on expanded eligibility and more.
June 19 -
For B2B sellers, extending credit to customers always carries a degree of risk — payments could be delayed, or worse yet delinquent, jeopardizing working capital. But in an economic crisis, that risk is compounded.
June 19 -
The Small Business Administration and the Treasury Department unveiled a simpler loan forgiveness application for the Paycheck Protection Program to reflect changes under the PPP Forgiveness Act.
June 17 -
President Donald Trump recently highlighted the “opportunity zone” tax breaks he signed into law in late 2017 as a reason his administration “has done more for the Black Community than any president since Abraham Lincoln,” but a new study casts doubt on the program's effectiveness.
June 17 -
The lender portal for the Federal Reserve’s Main Street Lending Program has opened as the long-awaited alternative to the problem-plagued Paycheck Protection Program after weeks of delays.
June 16 -
A little-used part of the U.S. tax code allows foundations to use some of their endowments as “program-related investments.”
June 16 -
The Internal Revenue Service is giving investors in opportunity zone funds relief from some of the requirements in the controversial program because of the COVID-19 pandemic.
June 12 -
A backlash is growing among regulators and participants against EBITDA — earnings before interest, taxes, depreciation, amortization and coronavirus.
June 12 -
It won’t count as income to employees, but they also won’t be able to deduct it.
June 11 -
In the midst of a global pandemic, the gravitational pull toward digital transactions has been amplified.
June 11 -
The institute released guidance on how to account for forgivable loans under the Small Business Administration’s Paycheck Protection Program.
June 10 -
As applications for the second wave of PPP loans move into the final phase, many businesses will be asking: What do I do next if I don’t secure this loan?
June 10 -
A fresh look at the Paycheck Protection Program suggests other ways businesses may want to think about it.
June 9 -
But the ability to ship booze will bring complexities — with state sales tax not the least of them.
June 9 -
President Donald Trump said he’ll ask Congress to pass more economic stimulus, including a payroll tax cut, even after the government reported a surprise improvement in U.S. unemployment on Friday.
June 8 -
The service issued guidance that levies a 21 percent excise tax on some nonprofit employees’ salaries above $1 million.
June 8 -
Small businesses have run into roadblocks trying to apply for PPP loans since the pandemic triggered mandatory closures.
June 4 -
The bill, which passed the House last week on a 417-1 vote, now heads to President Donald Trump’s desk for his signature.
June 4
















