Accounting June 28, 2025
Nominations Open for 2025 Innovation Awards
The Innovation Awards highlight technologies that are shaping the profession and small businesses through increased collaboration and productivity.
April 10, 2020
IRS Launches Website for Non Tax Filers to Register for Coronavirus Stimulus Payments
To help millions of people, the Treasury Department and the Internal Revenue Service today launched a new web tool allowing quick registration for Economic Impact Payments for those who don’t normally file a tax return.
April 10, 2020
The Most Important Reason to Automate Payments Now
AP is one of the last bastions of paper processing in the enterprise, and it comes with challenges. According to the latest research from AFP, companies still make 42 percent of their payments by paper check. All those processes that are involved with ...
April 7, 2020
AICPA Applauds Additional Clarity in Treasury FAQ on Paycheck Protection Program
The American Institute of CPAs (AICPA) is thanking the Treasury Department and Small Business Administration (SBA) for providing further clarity on the application process for the Paycheck Protection Program (PPP), the $349 billion small business ...
April 7, 2020
AICPA Recommends Lender Documents and Key Calculations to Use in PPP Applications
The American Institute of CPAs (AICPA) has recommended a defined set of documents for lenders to rely on as well as some key clarifications in the Treasury Department and Small Business Administration’s Paycheck Protection Program (PPP) application ...
April 6, 2020
Report Simplifies Paycheck Protection Program Loan Application Process for 250,000 Businesses and Counting
Paycheck Protection loans, which are provided through SBA-approved lenders, are available to small business borrowers to cover payroll and other operating costs. Included among the application requirements is specific documentation related to payroll.
April 5, 2020
PPP Applicants Should Use Gross Payroll Approach in Calculations, Says AICPA
For the calculation of the Average Monthly Payroll cost under the Paycheck Protection Program (PPP), the Gross Payroll approach should be used for the application, according to the recommendation from the AICPA-led small business funding coalition.
April 4, 2020
Social Security Recipients Not Required to File Tax Return for Covid-19 Stimulus Payment
The Department of the Treasury (Treasury) announced on April 1 that Social Security beneficiaries who are not typically required to file tax returns will not need to file an abbreviated tax return to receive an economic impact payment.
April 3, 2020
Online Tool Helps Small Businesses and Accountants with Paycheck Protection Program Coronavirus Loans
This tool is available for small businesses, CFOs, and accounting firms to help them navigate the complex and dynamic program, increasing the speed of the application process.
April 3, 2020
PPP Small Business Loan Application – SBA – Downloadable Coronavirus Relief Form
Downloadable PDF of the Small Business Administration's Paycheck Protection Program borrower application form. For use by small businesses requesting Coronavirus relief loans from the SBA.
April 2, 2020
How Long Might the Coronavirus Recession Last?
As projections of the coronavirus death toll soar, forecasts for the ensuing economic carnage have also quickly turned much darker – both for the depth and duration of the damage.
April 2, 2020
New Unemployment Claims Hit 6.6 Million This Week
Initial U.S. unemployment insurance claims rose last week to over 6.6 million, bringing the total number of people to file initial claims in the last two weeks to nearly 10 million.
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April 1, 2020
Paychex, PayActiv Extending Relief to Business Owners and Employees with On-Demand Pay Option During COVID-19 Crisis
Through an existing partnership with PayActiv, the Paychex Pay-on-Demand solution gives employees access to an amount equal to their net pay via PayActiv’s mobile application. Amid the COVID-19 pandemic, PayActiv is offering $250 to Paychex customers ...