The AICPA’s vice president for Firm Services, Lisa Simpson, CPA, CGMA, told a congressional committee during a hearing that Congress should push back the application deadline for the Paycheck Protection Program by at least 60 days.
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AICPA takes case for PPP deadline delay to Congress
The AICPA sent a letter encouraging congressional leaders to push back the Paycheck Protection Program’s March 31 application deadline at least 60 days.
SBA issues guidance but no start date for Shuttered Venue Operators Grant program
The SBA recently released fresh guidance for the Shuttered Venue Operators Grant (SVOG) program, but the agency still cannot say when the $15 billion program will start accepting applications.
AICPA calls on SBA to change ‘unfair’ PPP guidance, deadline
The AICPA reiterated its recommendation that the SBA delay the end of the Paycheck Protection Program (PPP) application period by at least 60 days and also urged the SBA to make retroactive new rules issued this week changing the formula sole proprietors use to calculate their maximum loan amounts.
Employee retention credit guidance update and rising economic confidence
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Economic confidence recovers to near pre-pandemic levels for finance leaders
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PPP borrowers can use gross income, SBA rules
Paycheck Protection Program rules released by the SBA allow self-employed individuals who file a Form 1040, Schedule C, to calculate their maximum loan amount using gross income instead of net profit.
AICPA urges Congress to extend PPP deadline
The American Institute of CPAs, citing ongoing processing problems with the Paycheck Protection Program, called on Congress to extend the program’s application deadline past the current March 31 date. The AICPA is recommending an extension of at least 60 days.
Damon Ward, CPA, CGMA
The pandemic has made it imperative for leaders to reduce anxiety levels while delivering inspiration to their teams, according to Damon Ward, CPA, CGMA.
Assessment is key to a successful D&I effort
Before launching a diversity and inclusion program, learn where your organization stands in terms of D&I. Tools such as the AICPA’s Accounting Inclusion Maturity Model can help you track your progress.
Staying vigilant against fraud during the pandemic
Internal controls need to be front and center, as the COVID-19 crisis has increased the incentive and opportunity for fraud.
House passes $1.9 trillion stimulus bill with a variety of small business relief
The $1.9 trillion economic relief bill passed by the House of Representatives includes $25 billion for restaurants as well as additional funding for EIDL advance payments and the PPP. The bill also includes $1,400 stimulus payments to individuals and extends unemployment insurance supplements.
Automation to drive big shifts in corporate reporting
A smarter and more automated operating model for corporate reporting is on the horizon, according to results of a new EY survey.
SEC places new focus on climate-related disclosures
The SEC’s Division of Corporation Finance will place greater focus on climate-related disclosures in public company filings after a directive issued by SEC Acting Chair Allison Herren Lee.
New PPP changes attempt to ease smallest businesses’ access
The White House said it will allow only businesses with fewer than 20 employees to apply for PPP loans during a two-week period starting Wednesday. The administration also will change the PPP loan calculation formula to help sole proprietors, independent contractors and self-employed individuals receive more financial support.
PPP processing delays continue
Anti-fraud screenings by the SBA are delaying the processing of Paycheck Protection Program loan applications, sometimes for weeks, AICPA executives said during an online Town Hall.
How to support working parents without losing efficiency
This article explores policies companies can put in place to support employees with children during this uniquely challenging time without sacrificing efficiency.
From the filings: Supply chain lessons from the pandemic
Industrial giants 3M, Arrow Electronics, and Caterpillar explain how they navigated disruptions.
A road map for ESG disclosures and assurance
As interest grows in environmental, social and governance information, a new resource provides insights for auditors to assist their clients with ESG disclosures and assurance.
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