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Additional Guidance on Payroll Tax Deferral

Last Friday, the IRS issued guidance on the payroll tax deferral that President Trump signed in a presidential memorandum on […]

Posted By Tonneson
In Business, Business Tax, COVID-19 Updates
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August 31, 2020Posted By Tonneson

PPP Forgiveness Rules for Owners and Related Party Expenses

The Small Business Administration (SBA) along with Treasury issued additional guidance regarding who is considered an owner for a C […]

August 5, 2020Posted By Tonneson

New FAQs for PPP Loan Forgiveness

On August 4, after several weeks of silence, the Small Business Administration (SBA) along with Treasury has issued a new […]

July 22, 2020Posted By Tonneson

PPP Loan Forgiveness Tool Now Available Ahead of Final Guidance

The AICPA has officially launched its PPP Loan Forgiveness Tool (the Tool) which will assist borrowers with filling out the […]

July 21, 2020Posted By Tonneson

SBA and Treasury Release Data on PPP Loan Recipients

On July 6, the Small Business Administration (SBA), in consultation with Treasury, released detailed loan-level data regarding the loans made […]

July 21, 2020Posted By Tonneson

AICPA Makes Recommendations for Inclusion in Next Relief Bill

With Congress back in session this past Monday, the AICPA has issued recommendations for the next relief package, which is […]

July 2, 2020Posted By Tonneson

News on the Paycheck Protection Program

Last evening the House passed the extension of the Paycheck Protection Program (PPP) which the Senate passed on Tuesday. The […]

July 1, 2020Posted By Tonneson

Latest News from IRS, Treasury and Congress

The IRS and Treasury have announced that they do not intend to extend the July 15, 2020 filing deadline further. […]

June 24, 2020Posted By Tonneson

New Guidance on Loan Forgiveness and SBA Loan Review Procedures

On June 22, the SBA issued the Loan Forgiveness Interim Final Rule (LF-IFR) and Loan Review Procedures Interim Final Rule […]

June 18, 2020Posted By Tonneson

Revised PPP Loan Forgiveness Application and New EZ Form for Certain Borrowers

On June 17, the Small Business Administration (SBA) and Treasury released a revised Paycheck Protection Program (PPP) loan forgiveness application […]

June 16, 2020Posted By Tonneson

Revised Application for PPP Loan

The SBA and Treasury have issued the new and revised Borrower Application for applying for a loan under the Paycheck […]

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