The IRS Just Put a Monkey Wrench Into PPP Loans
The IRS issued Notice 2020-32, which “provides guidance regarding the deductibility for Federal income tax purposes of certain otherwise deductible expenses incurred in a taxpayer’s…
AICPA Demands Treasury and SBA Urgently Provide PPP Loan Forgiveness Calculation Guidance
The American Institute of CPAs (AICPA) renewed its urgent call for critical guidance on Paycheck Protection Program (PPP) loan forgiveness calculations. The nation’s 44,000 CPA…
Community Banks Moved Ahead of The Line For SBA PPP Funding This Evening
Small businesses working with small community lenders moved ahead of the line this evening for about 8 hours in the SBA Payroll Protection Program (PPP)…
AICPA Recommendations How to Receive Loan Forgiveness Under Payroll Protection Program
The SBA Payroll Protection Program (PPP) has many moving parts and some details keep getting tweaked. The primary benefit for many small business owners is…
American Institute of CPAs Suggests Federal Reserve Provide Loans on Receivables
The American Institute of C.P.A.s (AICPA) has called for the Federal Reserve to create a federally backed, short-term accounts receivable lending facility that would allow…
How Small eBay & Etsy Sellers, Uber & Lyft Drivers, and Gig Workers Can Get $1,000 From The SBA
With the SBA receiving additional funding last week for various small business programs, much of the focus has been on the Paycheck Protection Program loans….
The SBA Paycheck Protection Program Round 2 Starts Today Monday April 27
Last week, Congress and the President approved an additional $310 billion for the SBA Paycheck Protection Program (PPP) as part of a $480 billion in…
Survey Claims Only 8% of Small Businesses Owners Received Money From CARES Act
A survey conducted by Alignable, a four million-member strong small business referral network, claims that only 8% of small business owners have seen any money…
Law Firm Files Class Action Lawsuits Against Biggest Banks for Alleged PPP Loan Deception
Consumer attorneys with Stalwart Law Group have filed four class-action lawsuits in California federal court on behalf of small business owners after four major banks…
The Importance of Managing Backend Ecommerce Operations During COVID-19
Stay-at-home orders across the U.S. have radically changed how consumers think and go about shopping for essential and non-essential items. For many consumers, online shopping…