January 14, 2021
The U.S. Small Business Administration and Treasury recently announced that the application window for Paycheck Protection Program forgivable loans will open at 9 a.m. ET on Friday, Jan. 15 for lenders with $1 billion or less in assets.
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January 11, 2021
The Paycheck Protection Program (PPP) reopened Monday, Jan. 11 for select lenders and borrowers.
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January 8, 2021
The U.S. Small Business Administration and Treasury recently announced the Paycheck Protection Program will reopen Monday, Jan. 11 for select lenders and borrowers.
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January 8, 2021
The U.S. Small Business Administration and Treasury recently issued guidance for the reconstituted Paycheck Protection Program.
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January 6, 2021
The Treasury Department and IRS recently issued guidance allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan (covered loan) under the Paycheck Protection Program.
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December 28, 2020
CPAs are meeting the moment when it comes to small business relief. This is a new advisory service for the profession, one that will last through 2021 and 2022, in terms of lingering pandemic impacts.
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December 9, 2020
The IRS recently issued Notice 2020-86 addressing certain provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) affecting safe harbor plans, including safe harbor 401(k) plans and certain 403(b) plans.
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November 19, 2020
The Treasury Department and IRS have launched the Employee Retention Credit to encourage businesses to keep employees on their payroll.
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November 13, 2020
The Department of the Treasury and IRS recently issued guidance for employers and employees with terminating 403(b) plans that fund benefits through 403(b)(7) custodial accounts.
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November 12, 2020
The IRS recently issued Notice 2020-75, which announces rules to be included in forthcoming proposed regulations regarding the deductibility of payments by partnerships and S corporations for state and local income taxes.
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