by Rupinder | Jan 4, 2021 | Uncategorized
The U.S. Small Business Administration (SBA) has released a revised Paycheck Protection Program (PPP) Loan Forgiveness Application Form 3508S that has been updated with a new expiration date. The previously simplified SBA form, which is applicable for PPP loans of...
by Rupinder | Dec 31, 2020 | Uncategorized
The U.S. Small Administration (SBA) is seeking additional public comments on certain Paycheck Protection Program (PPP) information collection forms. The SBA’s unpublished notice announcing the next public comment period is scheduled to be published in the...
by Rupinder | Dec 29, 2020 | Uncategorized
Treasury and the IRS are set to begin sending a second round of Economic Impact Payments (EIPs) as established under the recently enacted Consolidated Appropriations Act, 2021. President Trump signed the fiscal year 2021 appropriations and economic relief measure...
by Rupinder | Dec 29, 2020 | Uncategorized
The Senate Finance Committee (SFC) has released a section-by-section summary of the tax provisions under the recently enacted COVID-Related Tax Relief Act of 2020. President Trump signed into law the Consolidated Appropriations Act, 2021, which includes the COVID...
by Rupinder | Dec 22, 2020 | Uncategorized
The IRS has issued final regulations, (T.D. 9941) on certain accounting changes to sections 451(b) and (c) made under the Tax Cuts and Jobs Act (TCJA) (P.L. 115-97). The final rules provide guidance on the timing of income inclusion under an accrual method of...
