Accounting
Latest News
Zone & Co Launches ZoneBilling AI Assistant
IRS Extends Tax Deadlines Until May For Helene Victims
Avantax Acquires SEP Financial Services
Sovos Launches Indirect Tax Suite for SAP, Enhances Clean Core Readiness
NetSuite Brings Strategic Partnerships to Business Process Outsourcers
Learn how a thriving NetSuite Business Process Outsourcing Partner graduated from providing onsite accounting services to an outsourced, cloud-based accounting model to best support their clients.
AICPA Applauds Additional Clarity in Treasury FAQ on Paycheck Protection Program
The American Institute of CPAs (AICPA) is thanking the Treasury Department and Small Business Administration (SBA) for providing further clarity on the application process for the Paycheck Protection Program (PPP), the $349 billion small business ...
AICPA Recommends Lender Documents and Key Calculations to Use in PPP Applications
The American Institute of CPAs (AICPA) has recommended a defined set of documents for lenders to rely on as well as some key clarifications in the Treasury Department and Small Business Administration’s Paycheck Protection Program (PPP) application ...
Report Simplifies Paycheck Protection Program Loan Application Process for 250,000 Businesses and Counting
Paycheck Protection loans, which are provided through SBA-approved lenders, are available to small business borrowers to cover payroll and other operating costs. Included among the application requirements is specific documentation related to payroll.
AICPA Offers Resources for Firms Helping Small Businesses Access Paycheck Protection Program (PPP)
The federal Coronavirus Aid, Relief and Economic Security (CARES) Act includes the Paycheck Protection Program (PPP) to help more than 30 million U.S small businesses. The program offers $349 billion in loans to businesses and nonprofits with no more ...
PPP Applicants Should Use Gross Payroll Approach in Calculations, Says AICPA
For the calculation of the Average Monthly Payroll cost under the Paycheck Protection Program (PPP), the Gross Payroll approach should be used for the application, according to the recommendation from the AICPA-led small business funding coalition.
Social Security Recipients Not Required to File Tax Return for Covid-19 Stimulus Payment
The Department of the Treasury (Treasury) announced on April 1 that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an economic impact payment.
AICPA Addresses Ethical Considerations in Covid-19 PPP Program
Assisting an attest client with a COVID-19 PPP loan application is a nonattest service. If CPAs comply with the interpretations of the Nonattest Services subtopic, independence will not be impaired.