The Small Business Administration on Wednesday released a new application and loan calculation formula for Paycheck Protection Program loans for self-employed and gig workers. For these small ...

Self-employed and gig workers who have been waiting for new rules that would mean larger forgivable loans through the Paycheck Protection Program can now move forward with their applications. As of ...

Most Americans have a lot to be thankful for this year. The economy is doing well, jobs are plentiful, and most small businesses are doing much better than had been expected. Things were much worse in ...

WASHINGTON, DC -- Flanked by Vice President Kamala Harris (L) and SBA Administrator Isabella Casillas Guzman (R), President Joe Biden signs the Paycheck Protection Program (PPP) extension in the Oval ...

Many small-business owners are completing their Paycheck Protection Program (PPP) loan applications and are running into common questions and roadblocks. The immediate question right now revolves ...

The IRS recently issued three revenue procedures (rev. proc.) providing guidance with respect to the timing of tax-exempt income from Paycheck Protection Program loan forgiveness and from certain ...

In three revenue procedures (Rev. Procs. 2021-48, 2021-49, and 2021-50) the IRS provided guidance Thursday on the treatment of amounts excluded from taxpayers’ gross income in connection with ...

The Internal Revenue Service said Wednesday that improperly forgiven Paycheck Protection Program loans are taxable, as federal investigators uncover billions of dollars in fraud tied to pandemic ...