The guidance clears up the tax treatment of expenses when a loan from the Paycheck Protection Program hasn’t been forgiven by the end of the year. | Congress blasts IRS for limits on forgiven PPP loan tax breaks | | By Laura Davison and David Hood 2 min read | | The top Republican and Democrat on the Senate Finance Committee said the Treasury Department “missed the mark” in new guidance that limits tax breaks for businesses that get their Paycheck Protection Program loans forgiven. | |
| SPONSOR CONTENT | | State of Audit 2021 | | What are the hot topics impacting auditors the most and how to improve your audit quality going into 2021? | |
| Coronavirus delays IRS reorganization | | By Michael Cohn 3 min read | | The pandemic is throwing a monkey wrench into plans for the Internal Revenue Service to reorganize itself to provide better taxpayer service. | |
| WEB SEMINAR | | Total firm management: Trends and technology for 2021 and beyond | | Get a head start on 2021! Many firms had to abruptly change directions this year, but it’s never too early to start planning for next year. Find out what trends are influencing accounting firm technology strategies and how firms are looking to innovation to become more resilient and agile. | |
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