Small Business

 CARES Act Changes Rules for Business Interest Deductions

April 20, 2020 

CARES Act Changes Rules for Business Interest Deductions

The new Coronavirus Aid, Relief, and Economic Security (CARES) Act provides some much-needed relief for businesses hindered by a cap on business interest deductions. Icing on the cake: The tax changes are retroactive to 2019.

AICPA_new 2019_1_.5b1fd9ff31925

April 20, 2020 

AICPA Thanks Senators Doug Jones and Chris Van Hollen for Encouraging Guidance

The American Institute of CPAs (AICPA) is thanking Senator Doug Jones (D-AL) and Senator Chris Van Hollen (D-MD) for their letter encouraging the Department of the Treasury and the Small Business Administration (SBA) to strengthen Paycheck Protection Plan (PPP) guidance for lenders. AICPA supports efforts such as these that will help small businesses more easily...…

Bloomberg PPP Graphic 1

April 17, 2020 

Chart Shows which States Received the Most PPP Loans

During the first 10 days of the federal government’s small-business rescue program, the spigot was wide open in Nebraska. Firms there got enough money to cover about three-fourths of the state’s eligible payrolls. It was a different picture in New York.