Small Business

PPP Paycheck Protection Program

December 15, 2020 

Beware: Synthetic Identity Fraud in PPP Loans

Most banks and lenders are well aware of how synthetic identities can be used to fraudulently open a bank account and secure a credit card or other type of loan. According to McKinsey, synthetic identity theft is the fastest growing type of financial ...

cyber security data_10816596

December 15, 2020 

Don’t Let Covid Fatigue Put Your Clients’ Businesses at Risk

The bottom line is that we can’t let our guard down because the current working conditions are likely to continue for some time and may actually be permanent. And, these financial services firms provide valuable counsel that extends well beyond filing ...

small-business 1_10937161

December 15, 2020 

Survey: 49% Of Minority SMBs Can’t Pay December Rent

The ability of small businesses to pay their full rent in December continues to decline, as more COVID-related shutdowns occur. Overall, 35% of small business owners reported that they couldn't make rent this month...

 Get Ready for The Next Round of PPP

December 14, 2020 

Get Ready for The Next Round of PPP

During the initial rollout of PPP, CPA firms were forced to set up manual processes to serve clients and often operated with limited guidance. To provide better support, the AICPA, CPA.com and fintech leader Biz2Credit in September launched a ...

Small Business Coronavirus 2

December 10, 2020 

Businesses Remain Resilient in Face of Spike in Covid Cases

The percentage of respondents who said they were at least somewhat optimistic about the economy rose to 42% in the recent analysis, compared with 30% in the summer survey. This time around, 71% said they were at least somewhat optimistic about their ...

House for sale sign

December 8, 2020 

Housing Demand Likely to Stay High for Years to Come

Low rates of household formation since the Great Recession have caused 5.7 million "missing" households, a new Zillow analysis finds. These missing households represent people who historically would have moved into their own home but have been unable...

economy graph chart 1_10919395

December 1, 2020 

CEOs Say New Economic Stimulus Package is Necessary

More than two thirds (67.6%) of CEOs saw the passage of a new federal COVID-19 stimulus package as one of the three most important government policy initiatives for a Biden Administration, with nearly half (45.6%) selecting it as the top initiative.

PPP Paycheck Protection Program

November 28, 2020 

PPP Forgiveness and Your Clients

Although the CARES Act Payroll Protection Program’s (PPP) loan application period closed last August, you most likely have clients who received funding and now need to plan for loan forgiveness. The rules changed since the program began.

Nellie Akalp

PPP Paycheck Protection Program

November 23, 2020 

AICPA Urges Congress to Support PPP Expense Deductibility

The AICPA is now calling upon its members to ask Congress to pass bipartisan legislation S.3612 and H.R.6821 – the Small Business Expense Protection Acts of 2020, or H.R. 6754 - the Protecting the Paycheck Protection Program Act – that will ensure the ...