New PPP Guidance Issued by SBA, Treasury
Back to News New PPP Guidance Issued by SBA, Treasury The US Small Business Administration and Department of Treasury released guidance Wednesday night, January 6, for the revived and reconstituted…
COVID-19 Relief Bill Addresses Key PPP Issues
Back to News COVID-19 Relief Bill Addresses Key PPP Issues The $900 billion coronavirus relief package passed by Congress provides $284 billion for a revised Paycheck Protection Program and clarifies…
To Avoid Tax Surprises, Update Your W-4
Back to News To Avoid Tax Surprises, Update Your W-4 Americans should update their federal income tax withholding on the redesigned Form W-4 from the Internal Revenue Service to prevent…
Year-End Tax Planning Moves for Individuals
Back to News Year-End Tax Planning Moves for Individuals Now, as year-end approaches, is a good time to think about planning moves that may help lower your tax bill for…
IP PINs to be Available to All Individuals in 2021
Back to News IP PINs to be Available to All Individuals in 2021 The Internal Revenue Service says it will begin letting all individual taxpayers opt in to receive an…
AICPA and Trade Associations Ask Congress to Fix PPP Loan Deductibility
Back to News AICPA and Trade Associations Ask Congress to Fix PPP Loan Deductibility In a letter to Congress dated Thursday, December 3, hundreds of national trade associations and their…
Expenses Used for PPP Loan Forgiveness: Deductible or Not?
Back to News Expenses Used for PPP Loan Forgiveness: Deductible or Not? Two experts look at the issue of deductibility of expenses paid with Paycheck Protection Program loan funds and…
IRS Doubles Down on Nondeductibility of PPP-Funded Expenses
Back to News IRS Doubles Down on Nondeductibility of PPP-Funded Expenses The Internal Revenue Service has issued guidance for taxpayers who pay otherwise deductible expenses with Paycheck Protection Program loan…
How PPP Forgiveness Could Impact Taxes and Financial Reporting
Back to News How PPP Forgiveness Could Impact Taxes and Financial Reporting Paycheck Protection Program (PPP) loan forgiveness and its tax and financial reporting implications are steeped in uncertainty. The…
SBA Settles Confusion Over PPP Forgiveness Application Due Date
Back to News SBA Settles Confusion Over PPP Forgiveness Application Due Date The Small Business Administration has released guidance that confirms Paycheck Protection Program loan-forgiveness applications are not due Oct.…