Drake Software How Did Your 2021 Filing Season Go? Infographic

Ryan Norton - June 18, 2021

Drake Software for the third year in a row surveyed tax professionals about their experience during filing season. More than 3,000 respondents completed the survey, a group comprised of attorneys, CPAs, EAs, and non-credentialed preparers.…

IRS Announces Safe Harbor for First-Round PPP Deductions

Ryan Norton - April 23, 2021

The early bird gets the worm.We’re taught that punctuality and working ahead leads to success. While generally holding true, there are obviously some exceptions—like when Congress passes retroactive…

The Employee Retention Credit Covered in New IRS Notice

Ryan Norton - March 02, 2021

Congress bookended 2020 with two taxpayer relief packages aimed at mitigating the financial strain caused by the ongoing coronavirus pandemic.…

Eligible PPP Expenses Are Now Deductible

Bob Williams - January 07, 2021

The Internal Revenue Service has eased the cost of participation in the Paycheck Protection Program (PPP) by allowing deductions for the payment of eligible expenses.…

Treasury Says SBA Has Simpler Forgiveness Application for Certain PPP Loans

Ryan Norton - October 16, 2020

The Treasury Department last week announced that the Small Business Administration is making it easier to request Paycheck Protection Program (PPP) loan forgiveness for loans that are $50,000 or less.…

AICPA Renews Call for PPP Extension and Expansion

Bob Williams - September 24, 2020

The American Institute of CPAs is adding its voice to others calling for an expansion of the Paycheck Protection Program (PPP) and seeks to extend the program’s lifespan.…

Now Available: Paycheck Protection Program Loan-Forgiveness Application

Ryan Norton - May 18, 2020

The Small Business Administration says the PPP loan-forgiveness application is now available on SBA.gov.…