Featured News
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IRS updates Employee Retention Credit FAQs
The IRS has updated its FAQs document that provides information about the Employee Retention Credit under the Coronavirus Aid, Relief and Economic Security Act.
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PPP loan forgiveness recommendations
The AICPA sent recommendations to the U.S. Small Business Administration for helping small businesses calculate loan forgiveness under the Paycheck Protection Program.
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SBA to accept only small business PPP loans today
The smallest lenders and their small business clients have an exclusive opportunity today to submit applications for PPP loans to the U.S. Small Business Administration.
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A call for federal loans backed by accounts receivable
The AICPA has recommended the creation of a federally backed lending facility that would provide loans to small businesses that pledge their future receivables.
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Cloud-based tech helps firms respond to COVID-19
Accounting firms that had cloud-based technology in place prior to the COVID-19 pandemic fared far better than firms that did not, according to a new survey.
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Mission-critical IRS employees return to work
The IRS has recalled almost 10,000 employees back to work to continue mission-critical operations during the COVID-19 pandemic.
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Calculating PPP loans
The U.S. Small Business Administration has issued guidance on how to calculate Paycheck Protection Program loan amounts by business type and other issues.
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Wisconsin receives more than $3B in relief payments
The state of Wisconsin has received more than $3 billion in Economic Impact Payments since the start of the coronavirus relief program.
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New tax breaks for charitable giving
Donors who want to help others by making charitable donations during the COVID-19 pandemic may be eligible for tax incentives under the Coronavirus Aid, Relief and Economic Security Act.
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Beware COVID-19 scammers
The first wave of the U.S. government’s relief payments is attracting scammers, but consumers can protect their money by recognizing the warning signs.