As a fresh round of federal relief loans is getting distributed to U.S. small firms hit by a pandemic crisis that will soon stretch to a year, new research shows that last year’s tranches of the Paycheck Protection Program covered ...
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Feed SubscriptionIRS updates guidance on sick leave, family leave credits
The Internal Revenue Service is clarifying its guidance on provisions of the coronavirus relief legislation providing tax credits to employers offering paid sick leave and family leave to workers.
Read More »A dive into the stimulus package’s tax provisions
A critical PPP deduction, tax extenders, business meal deductions and more are among the critical points.
Read More »New coronavirus stimulus package contains some big tax items
The latest round of coronavirus stimulus legislation introduced in Congress on Monday includes some major tax provisions and changes for accountants to watch out for in the New Year.
Read More »Last chance: COVID-19 tax breaks lapse at year-end
The twin dynamics of expiring relief and a transition to a new presidential administration are making the end of 2020 a turbo-charged version of the usual rush to lock in tax reductions.
Read More »AICPA joins in calling for PPP expense forgiveness legislation
The American Institute of CPAs has joined with over 560 business and trade organizations in urging Congress to pass legislation.
Read More »The next stimulus should aim for a broad-based, inclusive recovery
Economic experts believe the current surge is not enough to stop continued losses incurred by various segments of economy.
Read More »AICPA prods Congress to allow PPP expense deductibility
With a CARES Act fix stalled along with stimulus legislation, the institute is urging CPAs to put pressure on their representatives.
Read More »IRS makes final push before stimulus payment deadline
The Internal Revenue Service reminded taxpayers Thursday that they only have until Nov. 21 at 3 p.m. Eastern Time to register for an Economic Impact Payment of $1,200 or more.
Read More »Election outcome narrows opportunities for tax changes
Regardless of who wins the White House, the scope for tax legislation in the near term will be limited.
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