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PPP Reopening Dates Announced

January 14, 2021 The U.S. Small Business Administration and Treasury recently announced that the application window for Paycheck Protection Program forgivable loans will open at 9 a.m. ET on Friday, Jan. 15 for lenders with $1 billion or less in assets.

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TN Department of Revenue Updated F&E Tax Filing Procedure

January 6, 2021 With feedback from tax practitioners in mind, the Tennessee Department of Revenue has updated its procedures for managing the Tennessee franchise and excise tax (F&E) accounts of taxpayers who fail to select the “final” box on their last return.

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Congress Approves $900 Billion COVID-19 Relief Bill

December 22, 2020 On Dec. 21, 2020, Congress passed a $900 billion COVID-19 relief bill, the Consolidated Appropriations Act, 2021. Key features are $600 stimulus payments to individuals, $300 in added extended weekly unemployment benefits and $325 billion in small business aid.

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