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The AICPA has created a loan forgiveness calculator for the Paycheck Protection Program and recently shared it with the Treasury Department and Small Business Administration.
View MoreThe U.S. Small Business Administration recently posted guidance regarding the required certification concerning the necessity of Paycheck Protection Program loan requests.
View MoreThe Small Business Administration recently issued guidance stating businesses that received Paycheck Protection Program loans can exclude laid-off employees from loan forgiveness reduction calculations if the employee turns down a written offer to be rehired for the same salary/wages and number of hours as before.
View MoreIn an effort to make Paycheck Protection Program loans more accessible to small businesses, the Small Business Administration will allow the smallest lenders and their small business clients an exclusive opportunity to submit applications from 4 p.m. to 11:59 p.m. ET today, Wednesday, April 29.
View MoreThe Small Business Administration recently issued additional guidance for the Paycheck Protection Program, specifically addressing how self-employed and partner income should be included in the loan application.
View MoreRecently the U.S. Department of the Treasury and the Small Business Administration published an online FAQs on the Paycheck Protection Program, the $349 billion small business relief program that is part of the Coronavirus Aid, Relief, and Economic Security Act.
View MoreUnder the federal Paycheck Protection Program (PPP), small businesses and sole proprietorships affected by the coronavirus pandemic can apply for loans beginning Friday.
View MoreThe Office of Management and Budget has issued a memo extending the single audit deadline for certain entities due to the effects of COVID-19.
View MoreFASB recently voted unanimously to delay effective dates for private companies and certain other entities for standards on accounting for leases, credit losses and hedging.
View MoreThe AICPA recently issued new professional standards for members who perform forensic accounting services engagements.
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