Featured News
-
SBA Wisconsin to offer 2 PPP webinars this week
The Wisconsin district office of the U.S. Small Business Administration will host two PPP webinars on March 9 and 11.
-
SBA: PPP borrowers can use gross income
The SBA has issued new PPP rules that allow self-employed individuals who file Form 1040, Schedule C, to calculate their maximum loan amount using gross income instead of net profit.
-
CPA podcast analyzes COVID's impact on small firms
A recent episode of the AICPA’s Small Firm Philosophy podcast discusses how the COVID-19 pandemic affected small firms.
-
Cryptocurrency purchases made in USD not reportable to IRS
Cryptocurrency purchases made in fiat currencies are not subject to any type of IRS tax reporting according to updated FAQs on cryptocurrency from the IRS.
-
Interest rates to remain the same for Q2 2021
Interest rates will remain the same for the second quarter of 2021, the IRS announced March 2.
-
AICPA requests tax deadline postponements until June 15
The AICPA is requesting the IRS postpone tax deadlines until June 15 in response to several issues that make it impossible for many taxpayers to meet the April 15 deadline.
-
New issue briefs outline state laws on internet privacy, SSN usage
The Wisconsin Legislative Council recently issued new documents regarding state laws on personal internet account privacy, records containing personal information and use of SSNs.
-
AICPA urges Congress to extend PPP deadline
In a new press release, the AICPA called on Congress to extend the application period for the Paycheck Protection Program by at least 60 days.
-
DOR lists PPP loans now tax-exempt in Wisconsin
The DOR has published more information about COVID-19 relief loans granted by state programs that are now tax-exempt as a result of 2021 Wisconsin Act 1.
-
IRS issues guidance on the employee retention credit
The IRS recently issued guidance for employers claiming the employee retention credit for 2020, including the eligibility rules for PPP borrowers.