Paycheck Protection Program

Treasury Department building
Roger Russell
May 19, 2020 11:12 AM

The application from the Treasury leaves many questions unanswered.

3 Min Read
Crowe's office in South Bend, Indiana
Ranica Arrowsmith
May 19, 2020 6:57 AM

Crowe has joined the growing number of firms offering solutions to aid in Paycheck Protection Program participation.

2 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
May 18, 2020 10:55 AM

The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.

3 Min Read
A medical personal directs a patient at a free Covid-19 testing site in Hayward, California, U.S., on Monday, March 23, 2020. Governor Newsom on March 19 ordered that all of the state’s 40 million residents go into home isolation while saying outdoor activity is permissible with proper social distancing. Photographer: David Paul Morris/Bloomberg
Jeff Stimpson
May 18, 2020 10:44 AM

Tax practitioners share the questions they’re getting asked most, and how they’re answering.

3 Min Read
May 15, 2020 2:19 PM

Democrats’ latest proposal to back debt collectors, enable loans for nonprofits and provide other relief could help steer negotiations with the Senate on more stimulus.

2 Min Read
Paychex office
Michael Cohn
May 14, 2020 4:56 PM

The Small Business Administration’s troubled Paycheck Protection Program appears to be providing more businesses with long-awaited loans, despite the rocky rollout and ever-changing guidance, according to a new survey.

3 Min Read
IRS headquarters in Washington, D.C.
IRS
Tracey J. Niemotko
May 14, 2020 3:52 PM

The Internal Revenue Service guidance caused some consternation among some small businesses and tax experts.

2 Min Read
coronavirus-concept.jpg
Brian M. Karpf
May 14, 2020 1:14 PM

Divorce and COVID-19 each bring various tax considerations.

4 Min Read
House Minority Leader Nancy Pelosi
By Erik Wasson, Steven T. Dennis and Laura Litvan
May 13, 2020 5:35 PM

Republicans universally rejected a $3 trillion stimulus measure drafted by House Democrats to bolster the U.S. economy, but the draft plan has the seeds for an eventual, smaller compromise.

7 Min Read
“The recovery may take some time to gather momentum, and the passage of time can turn liquidity problems into solvency problems,” said Fed Chairman Jerome Powell.
May 13, 2020 11:09 AM

The head of the U.S. central bank said its emergency credit programs were not designed to prop businesses up over the long term.

4 Min Read