Tax & Accounting Blog
Tax & Accounting Blog
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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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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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 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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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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The IRS has just released Draft Form 8829 (Expenses for Business Use of Home). Note the PPP deductibility reminder from the IRS. https://www.irs.gov/pub/irs-dft/i8829–dft.pdf Expenses Related…
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On August 8th, President Trump signed an Executive Order allowing employers to defer employees’ payroll taxes from September 1 through December 31, 2020. The loan forgiveness rules for…
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The Small Business Association issued a new PPP Interim Final Rule late evening 8/11. Appeal of SBA Loan Review Decision Under the Paycheck Protection Program.…
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As we approach the end of the day Friday, 8/7, and the shutdown of the PPP loan program tomorrow, 8/8, the Administration and Congressional leadership…
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The AICPA joined over 170 organizations in a letter sent to Congressional leadership on August 4th urging Congress to “include a technical correction addressing the…
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