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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.January 11
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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.January 6
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The program should do more to help the economy adapt to post-virus realities, writes economist Michael R. Strain.December 22
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There are still plenty of challenges and potential changes on the horizon. Here’s what to watch for.December 10
Vice ChairmanBaird
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The guidance clears up the tax treatment of expenses when a loan from the Paycheck Protection Program hasn’t been forgiven by the end of the year.November 19
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A moderate pick with financial sector ties could upset progressives, while the likely GOP majority in the Senate could balk at a nominee seen as too liberal. Here are some of the candidates.November 10
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If Republicans keep their majority, the incoming administration will likely have to pick moderates over progressives to have any chance of getting its nominees approved.November 9
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The final regulation includes guidance on the requirements needed for properties to qualify for the deduction.September 22
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Trump’s order defers the payment deadline to the end of the year, though Treasury Secretary Steven Mnuchin has said company participation is optional.August 28
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By law, these payments are taxable so clients will need to report them on their 2020 federal income tax returns.August 19
