News

 
  • IRS Says Lenders Do Not Have to Report PPP Forgiveness

    By:
    Chris Gaetano
    |
    Sep 23, 2020
    The IRS announced that lenders should not file information returns or furnish payee statements for the forgiveness of covered loans made under the Paycheck Protection Program.
  • House Passes Funding Bill with Boosted Farm Aid, Children's Food Aid

    By:
    Chris Gaetano
    |
    Sep 23, 2020
    The House passed a bill that would keep the government funded through Dec. 11, averting a potential government shutdown.
  • Fed Survey Shows Economy Less Bad Than Before, But Much Remains to Be Done

    By:
    Chris Gaetano
    |
    Sep 23, 2020
    A survey of households conducted by the Federal Reserve has found that the economy has improved since its low point at the beginning of the pandemic] but still has a long way to go before making a full recovery.
  • IRS Releases Final Guidance on 100 Percent Bonus Depreciation

    By:
    Chris Gaetano
    |
    Sep 22, 2020
    The IRS released final guidance on the part of the 2017 Tax Cuts and Jobs Act that allows businesses to write off the cost of most depreciable business assets in the year they are placed in service, also known as 100 percent bonus depreciation.
  • Report Says Stakeholder Capitalism So Far Has Been Lots of Words But Little Action

    By:
    Chris Gaetano
    |
    Sep 22, 2020
    A recent report evaluating the Business Roundtable's ostensible shift to a kinder, gentler capitalism found that CEOs' efforts so far leave much to be desired, particularly where it concerns their handling of the pandemic.
  • Unemployed Americans Spending Less as Funding Dries Up

    By:
    Chris Gaetano
    |
    Sep 22, 2020
    While the nation's unemployed were able to keep things together for a little while, with the first round of supplemental unemployment benefits having run out months ago, and with some still waiting on the half-size supplement that's due to run out in six weeks, Americans who are out of work are starting to cut back on spending, which could add yet one more challenge to getting the economy back on track.
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