PPP 2.0: Helping Your Client Apply for Loan Forgiveness
The Paycheck Protection Program (PPP) was a lifeline for the millions of small businesses that received forgivable loans. But now, time might be ticking...
IRS Guidance on the Employee Retention Credit (ERC)
The IRS published additional guidance on the Employee Retention Credit (ERC) this week. This guidance is helping advisors navigate the waters of taking the...
SBA rules PPP borrowers can use gross income
The U.S. Small Business Administration (SBA) issued new Paycheck Protection Program (PPP) rules that allow self-employed individuals who file Form 1040, Schedule C, Profit...
Biden-Harris Administration Increases Lending to Small Businesses in Need & Announces Changes to PPP
The official White House website released a fact sheet surrounding the Biden-Harris Administration's several changes to the PPP to aid small businesses amid the...
2021 IRS Nationwide Tax Forum and Expo Will Be Virtual
The IRS has announced that the 2021 IRS Nationwide Tax Forum and Expo will be virtual. In addition to a series of live streamed...
Why Your Cannabis Clients May Need to Pay Multi-state Sales Taxes
Cannabis taxes are a challenge across the industry. Everyone working in cannabis knows that IRC Section 280(e) presents some big challenges for anyone operating...
PPP 2.0: The Short Version of What You Need to Know
At this point I think “PPP” for most accountants is the equivalent of nails on a chalkboard. While we’re all happy to see our...
Five Tips for 1099s in QuickBooks Online
As if 2020 hasn’t been challenging enough now at the mad dash to the year-end we need to learn and comply with the new...
The COVID-19 Stimulus Package & PPP Relief
Overall, the bill seems to be a net positive, with some much needed changes and additions for small businesses. To be honest, it was...
Changes in the Employee Retention Tax Credit with New Stimulus Bill
This article was adapted from a Twitter thread that you can read here. The editors of TPN have been scouring the Internet to bring...
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5 professional associations you need to join
Where we put our hard-earned dollars from running our practices, especially when we’re running smaller organizations, is no doubt a decision made with great...
CPAs from across the country take to the Hill
And there they were. As lawmakers on both sides scrambled to avoid the debt ceiling deadline, CPAs from across the country made their way to...
Extension stress to be less?
A bi-partisan duo from California and Ohio introduced a bill to Congress last week to help ease the stress of extensions for accountants and...