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AICPA raises PPP concerns with SBA
The AICPA sent a letter Wednesday urging the US Small Business Administration (SBA) to address problems small businesses are encountering when trying to apply for Paycheck Protection Program (PPP) forgivable loans.
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6 tips for CPAs on newest round of PPP funding
Business leaders and the CPAs who serve them will need to use a variety of strategies all at once as they pursue economic support in the newest round of Paycheck Protection Program (PPP) funding.
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PPP Calculations Guidance Releaased
The U.S. Small Business Administration (SBA) and Treasury issued an 18-page document Tuesday detailing how Paycheck Protection Program (PPP) borrowers should calculate revenue reduction and maximum loan amounts for second-draw PPP loans. The guidance also lists the documents borrowers must provide to support each set of calculations.
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New PPP Guidance Issued by SBA and Treasury
The U.S. Small Business Administration (SBA) and Treasury issued guidance late Wednesday night for the reconstituted Paycheck Protection Program (PPP). The guidance came in the form of two interim final rules (IFRs).
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AICPA Special News Alert Regarding Coronavirus Response & Relief Supplemental Appropriations Act
AICPA Special News Alert regarding federal stimulus legislation Coronavirus Response & Relief Supplemental Appropriations Act
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IRS Issues 2021 Mileage Rates
IRS Issues 2021 Mileage Rates
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Jones & Company, LTD Merges with Hudson Cisne & Co. LLP and Announce New Name
The certified public accounting firms of Hudson Cisne & Co. LLP, and Jones & Company, LTD, are pleased to announce their merger effective January 1, 2021. The combined firm will be known as HCJ CPAs & Advisors, PLLC.
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PPP borrowers, lenders get change-in-ownership guidance from SBA
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E-filing problems plague some Sept. 15 tax returns
Tax practitioners who use two CCH return preparation products reported problems with corrupted files and an inability to e-file returns on Sept. 15, resulting in tax returns that were not filed on time.
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Pandemic makes meeting Sept. 15 filing deadline difficult
With Sept. 15 tax filing deadlines looming, some tax practitioners have expressed concerns that they will not be able to meet those deadlines for a variety of reasons related to the global pandemic. Issues mentioned by AICPA members range from the extra time spent with economically challenged clients; to unexpected deadlines due to assisting with Paycheck Protection Program (PPP) loan applications and the PPP loan forgiveness process; to clients, members, and staff being incapacitated with COVID-19.