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Letters sent to reps ask for extensive information on why they applied for a loan, how funds were received and used, and all compensation under the federal program.
January 22 -
The U.S. Small Business Administration released a one-page form aimed at simplifying the process of applying for forgiveness of Paycheck Protection Program loans, along with newly revised and updated forms to meet the requirements of the latest stimulus legislation.
January 22 -
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 -
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 -
A critical PPP deduction, tax extenders, business meal deductions and more are among the critical points.
December 22 -
The program should do more to help the economy adapt to post-virus realities, writes economist Michael R. Strain.
December 22 -
The latest round of coronavirus stimulus legislation includes some major tax provisions and changes for accountants to watch out for in the New Year.
December 21 -
The decisions clients make now can play a significant role in how much will be forgiven.
December 4 -
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 -
The firm determined that the staffers defrauded the SBA “by making false representations in applying for coronavirus relief funds for themselves.”
October 15