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COVID-19 Stimulus

AICPA Survey Shows 56 Percent of Executives Sought PPP Loans
Business

AICPA Survey Shows 56 Percent of Executives Sought PPP Loans

ByNewswire June 12, 2020June 14, 2020

Some 56 percent of business executives said their companies had sought relief funds through the Paycheck Protection Program (PPP), a $660 billion initiative under the…

AICPA Encourages Small Businesses Apply For PPP Loans Thanks to Bipartisan PPP Flexibility Act
Business

AICPA Encourages Small Businesses Apply For PPP Loans Thanks to Bipartisan PPP Flexibility Act

ByNewswire June 5, 2020

In reaction to today’s signing of the Paycheck Protection Program Flexibility Act, the American Institute of CPAs (AICPA) encouraged small businesses to apply for Paycheck Protection…

SBA Releases PPP Forgiveness Instructions – AICPA Says Questions Still Remain
Business

SBA Releases PPP Forgiveness Instructions – AICPA Says Questions Still Remain

ByNewswire May 16, 2020

The Treasury Department and Small Business Administration last night released a loan forgiveness application form for the CARES Act’s Paycheck Protection Program (PPP), which had…

AICPA Offers Loan Forgiveness Calculator for SBA Paycheck Protection Program
Business

AICPA Offers Loan Forgiveness Calculator for SBA Paycheck Protection Program

ByNewswire May 14, 2020

The American Institute of CPAs (AICPA) has created a loan forgiveness calculator for the Paycheck Protection Program (PPP), the main small business relief vehicle under…

List of Banks Accepting SBA Paycheck Protection Program Loans – Update 1/13/2021
Business

List of Banks Accepting SBA Paycheck Protection Program Loans – Update 1/13/2021

ByRichard Meldner May 13, 2020April 16, 2022

PPP Loan Update: (1/13/2021) SBA, in consultation with the U.S. Treasury Department, opened up the Paycheck Protection Program loan portal on Monday, January 11, 2021…

Small Business Advocates Frustrated by Lack of Clear Guidance on PPP Loan Forgiveness
Business

Small Business Advocates Frustrated by Lack of Clear Guidance on PPP Loan Forgiveness

ByNewswire May 12, 2020

The American Institute of CPAs (AICPA), National Federation of Independent Business (NFIB), the S Corporation Association (S-CORP) and four other small business advocates issued the…

The IRS Just Put a Monkey Wrench Into PPP Loans
Business

The IRS Just Put a Monkey Wrench Into PPP Loans

ByRichard Meldner May 2, 2020May 2, 2020

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
Business

AICPA Demands Treasury and SBA Urgently Provide PPP Loan Forgiveness Calculation Guidance

ByNewswire May 1, 2020

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
Business

Community Banks Moved Ahead of The Line For SBA PPP Funding This Evening

ByRichard Meldner April 29, 2020

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
Business

AICPA Recommendations How to Receive Loan Forgiveness Under Payroll Protection Program

ByNewswire April 29, 2020

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…

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