Lawmakers are seeking to address some of the PPP’s more obvious failings in the latest coronavirus bill.
The American Institute of CPAs has joined with over 560 business and trade organizations in urging Congress to pass legislation.
There are signs of a slowdown in the economy as businesses continue to struggle with rising COVID-19 infections across the country.
The guidance clears up the tax treatment of expenses when a loan from the Paycheck Protection Program hasn’t been forgiven by the end of the year.
Wages are set to go up in Florida after voters passed a minimum wage ballot initiative in Tuesday’s election.
For a few months this year, a U.S. government aid program meant for struggling small-business owners was handing out $10,000 to just about anyone who asked. All it took was a five-minute online application. You just had to say you owned a business with at least 10 employees, and the grant usually arrived within a few days.
Accountants and tax professionals have been helping their small business clients deal with the economic fallout from the COVID-19 pandemic, shifting away from their routine compliance work after the end of the prolonged tax season.
The U.S. Small Business Administration and the Treasury Department are making it easier for companies to get their Paycheck Protection Program loans of $50,000 or less forgiven.
The unemployment rate declined to 7.9 percent in September, the U.S. Bureau of Labor Statistics reported Friday.
Small-business employment and hours worked grew a bit in September, especially in the Northeast and within the construction industry, according to the latest monthly report from payroll giant Paychex.