AICPA Survey Shows 56 Percent of Executives Sought PPP Loans
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
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…
Kabbage Received Approval For Over 110,000 PPP Loans to Help Small Businesses
Kabbage reports it has received SBA approval to fund over 110,000 Paycheck Protection Program (PPP) applications, surpassing $3.5 billion. With a focus on serving America’s…
SBA Releases PPP Forgiveness Instructions – AICPA Says Questions Still Remain
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
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
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
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
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)…