Are you as excited as I am to read the newest and greatest information available regarding the SBA PPP Loans?! Well, the FAQs are hot off the press and can be read here.
Some highlights include:
1. They updated the information about size guidelines for eligible small businesses. You can check the size through a nifty calculator.
2. Amounts paid to independent contractors are not included in payroll.
3. The employer (ER) portion of federal payroll taxes is not included either.
Latest article
Adjustments sought for R&D Tax Credit Form
There are changes coming to certain sections of Form 6765, Credit for Increasing Research Activities—the document used by taxpayers to claim the research and...
AICPA requests IRS contingency plan in case of government shutdown
The American Institute of CPAs (AICPA) submitted a letter to the Department of the Treasury, the Internal Revenue Service (IRS) and Congressional leadership requesting the release of the...
Fearing the future: Where firms are falling behind
This past weekend, Botkeeper hosted AI Unchained in Boston. The three-day event was centered around technology for accountants and bringing your practice to the next level....