The SBA addresses those worried about the 10/31/20 expiration date on the 3508 series forms
The SBA addresses those worried about the 10/31/20 expiration date on the 3508 series forms. The deadline to apply for forgiveness of a PPP loan…
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SBA and Treasury Issue Simplified PPP Forgiveness Process for Loans of $50k or Less
On October 8th, the SBA and Treasury rolled out a simpler PPP forgiveness process for loans $50,000 or less. Instructions for the new $50k PPP…
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Special Report: How COVID-19 is changing business sales tax obligations and enhancing risk [Part 14]
Manufacturers and Distributors Sales and Use Tax Risk and Complexity Have Soared: Wayfair and the Pandemic Impact COVID-19 is changing the way we do business,…
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SBA Now Approving PPP Loan Forgiveness Applications
The Small Business Association (SBA) has said that it began approving PPP loan forgiveness applications on Friday, October 2nd. More than 5 million small- to…
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PPP2 Proposals in New House Democratic HEROES Bill
House Democrats have released a new comprehensive relief bill this week. This proposal is a slimmer version of the HEROES Act and include improvements to…
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Senate Republican Bill S_178 with additional PPP provisions failed to get needed votes
Senate Republican Leader Mitch McConnell placed a bill before the Senate Thursday 9/10. S 178 is a roughly $500B package that included many “small business-related…
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Special Report: How COVID-19 is changing business sales tax obligations and enhancing risk [Part 13]
Sales and Use Tax Compliance: Risk and Complexity Have Soared for Many Businesses COVID-19 is changing the way we do business, the way we buy,…
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PPP Key Issues for CPAs and Businesses to Consider Now
Accounting Today together with ADP and the AICPA conducted a webinar on 9/2 focused on key issues for CPAs and businesses to consider with regard…
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SBA Updates to Business Loan Program and PPP Treatment of Owners and Forgiveness of Certain Nonpayroll Costs
SBA released interim final rule #24 on 8/24/2020: https://home.treasury.gov/system/files/136/PPP–IFR–Treatment-Owners-Forgiveness-Certain-Nonpayroll-Costs.pdf This IFR covers PPP loan forgiveness requirements relating to: (1) owner-employees with less than a 5% ownership stake…
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Special Report: How COVID-19 is changing business sales tax obligations and enhancing risk [Part 12]
CPA Firms Building a Sales and Use Tax Practice: The Time is Now COVID-19 is changing the way we do business, the way we buy,…
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