Paycheck Protection Program

melancon-barry-aicpa-accountants-club-virtual -meeting.jpg
Michael Cohn
January 19, 2021 3:28 PM

CPA firms will be in a great position to help their small business clients with the latest round of the Paycheck Protection Program, according to Barry Melancon.

7 Min Read
small-business-closed.jpg
Michael Cohn
January 14, 2021 10:54 AM

The U.S. Small Business Administration plans to reopen the Paycheck Protection Program to small lenders on Friday and to all lenders next Tuesday.

4 Min Read
A customer shops for paper towels at a supermarket in Trenton, New Jersey, U.S., on Monday, March 16, 2020. All New Jersey schools must close starting March 18 for at least two weeks as state officials try to slow the spread of the new coronavirus, Governor Murphy said. Photographer: David 'Dee' Delgado/Bloomberg
Michael Cohn
January 11, 2021 3:36 PM

The U.S. Small Business Administration and the Treasury Department relaunched the Paycheck Protection Program on Monday to new borrowers, prioritizing loans from community lenders.

3 Min Read
Paychex office
Michael Cohn
January 8, 2021 4:26 PM

Growth in small business jobs and wages declined last month as a result of the novel coronavirus pandemic, according to payroll giant Paychex.

3 Min Read
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By Laura Davison and David Hood
January 7, 2021 9:53 AM

The Internal Revenue Service will allow businesses that got their Paycheck Protection Program loans forgiven to write off expenses paid for with that money, shifting policy after Congress passed new legislation last month.

2 Min Read
IRS building 2
Michael Cohn
January 6, 2021 1:35 PM

The Internal Revenue Service and the Treasury Department released guidance on claiming deductions for expenses associated with Paycheck Protection Program loans that have been forgiven.

2 Min Read
By Jon Prior
January 4, 2021 9:00 PM

The recent stimulus law’s relief for renters and extension of the federal eviction ban were meant to ward off a housing crisis. But owners of 1- to 4-unit dwellings still face mounting mortgage and property tax debts, and delinquencies could start rising soon — followed by foreclosures.

4 Min Read
AT-070920-PPP loan Breakdown as of June 27 CHART
Justin Hatch
December 31, 2020 11:27 AM

As the time comes for businesses to apply for PPP loan forgiveness, CPAs can provide vital assistance to ensure success for their clients.

2 Min Read
2020 to 2021 with cubes
Michael Cohn
December 29, 2020 3:34 PM

With only a few days to go before the end of a difficult year, some accountants and tax professionals are still hoping to finish up some perplexing issues for their clients before New Year’s Day.

3 Min Read
U.S. Capitol
Michael Cohn
December 21, 2020 8:02 PM

The latest round of coronavirus stimulus legislation includes some major tax provisions and changes for accountants to watch out for in the New Year.

13 Min Read