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IRS Chief Receives NATP’s Inaugural Vanguard Award
Growth Seen in Pilot Program that Reduces Barriers to Finishing CPA Licensure Education Requirement
Armanino Integrates Generative AI Updates to Audit Ally
BGM Acquires Minneapolis-Based M&A Firm SealedBid
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AICPA Recommends Lender Documents and Key Calculations to Use in PPP Applications
The American Institute of CPAs (AICPA) has recommended a defined set of documents for lenders to rely on as well as some key clarifications in the Treasury Department and Small Business Administration’s Paycheck Protection Program (PPP) application ...
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Report Simplifies Paycheck Protection Program Loan Application Process for 250,000 Businesses and Counting
Paycheck Protection loans, which are provided through SBA-approved lenders, are available to small business borrowers to cover payroll and other operating costs. Included among the application requirements is specific documentation related to payroll.
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AICPA Offers Resources for Firms Helping Small Businesses Access Paycheck Protection Program (PPP)
The federal Coronavirus Aid, Relief and Economic Security (CARES) Act includes the Paycheck Protection Program (PPP) to help more than 30 million U.S small businesses. The program offers $349 billion in loans to businesses and nonprofits with no more ...
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PPP Applicants Should Use Gross Payroll Approach in Calculations, Says AICPA
For the calculation of the Average Monthly Payroll cost under the Paycheck Protection Program (PPP), the Gross Payroll approach should be used for the application, according to the recommendation from the AICPA-led small business funding coalition.
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Social Security Recipients Not Required to File Tax Return for Covid-19 Stimulus Payment
The Department of the Treasury (Treasury) announced on April 1 that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an economic impact payment.
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PPP Small Business Loan Application – SBA – Downloadable Coronavirus Relief Form
Downloadable PDF of the Small Business Administration's Paycheck Protection Program borrower application form. For use by small businesses requesting Coronavirus relief loans from the SBA.
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6 Tips for Taking Your Firm Remote
There are many technology options to work remotely, including video conferencing technology to conduct employee and client meetings, tax software via the cloud, and a hosted desktop environment that employees can access from anywhere, anytime.
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AICPA Asks for More Action from IRS on Coronavirus Tax Relief
In response to the Internal Revenue Service’s (IRS’s) recent announcements concerning temporary closures of its Practitioner Priority Service line, e-Services, Filing Information Return Electronically, and Affordable Care Act Information Returns ...