The Internal Revenue Service is clarifying its guidance on provisions of the coronavirus relief legislation providing tax credits to employers offering paid sick leave and family leave to workers.
As a fresh round of federal relief loans is getting distributed to U.S. small firms hit by a pandemic crisis that will soon stretch to a year, new research shows that last year’s tranches of the Paycheck Protection Program covered less than a month of business expenses.
Small businesses in Nebraska, Oklahoma and other rural states have been the most successful at getting federal pandemic relief in the $284 billion round of aid that opened this month, buoyed by a new rule that authorizes loans to many farms that didn’t qualify before.
Anders CPAs + Advisors announces its charity of choice; Brown Schultz Sheridan & Fritz donates $50,000 to nonprofits in Pennsylvania and Maryland; and a Cohnreznick partner is named to the American Cancer Society board of directors.
Senators and House members introduced legislation to help taxpayers survive the pandemic, with tax credits for developers revitalizing homes in “distressed” neighborhoods and enabling small businesses to pay essential expenses.
Citrin Cooperman expands advisory services practice; Weaver raises $60K for charity; and more CPA news.
The Internal Revenue Service is advising taxpayers who received a Form 1099-G for unemployment benefits they never got to contact their state because their identity may have been stolen.
It’s not too early to get ready for life — and business — after the coronavirus.
Accounting practices are major targets for hackers, ransomware and more
The coronavirus pandemic has hit revenues at most companies around the world, but almost none of them feel that they’re lagging behind their competitors.