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Hoyer Says House and Senate Close on PPP Loan Extension

House Majority Leader Steny Hoyer said the House and Senate should be able to quickly agree on changes to the Small Business Administration’s popular Paycheck Protection Program to give loan recipients more flexibility in using funds.

Bonus Depreciation • Stranded Employees • Loan Forgiveness

This weekend roundup of Bloomberg Tax Insights includes capturing missed bonus depreciation; guidance for stranded employees and their employers; Paycheck Protection Program loan forgiveness issues; managing global indirect taxes during the pandemic; capital gains tax misconceptions; digital taxes and the environment; informed net operating loss decisions; the second wave of CARES Act relief; transfer pricing offtake agreements; automated accounting reconciliation processes; the pandemic’s impact on audits and tax; and Covid-19 tax measures in India, Brazil, and the Persian Gulf.

Pelosi on Next Relief Bill, GOP Tax Proposals, Stimulus Oversight

May 07 -- House Speaker Nancy Pelosi, a Democrat from California, discusses plans for the next stimulus bill, disagreements with President Donald Trump and Republicans on payroll and capital gains taxes, and the need for urgency in providing another round of aid to Americans. She speaks with Bloomberg’s David Westin on “Balance of Power.”

Up Next

Coronavirus and Force Majeure Clauses

Opportunity Zones: Will Tax Break for Investors Benefit Communities Too?

New York City Has a Property Tax Problem

Trump Suspends Student Loan Payments, Moves Tax Day to July 15

Mobius: More Trump Tax Cuts Are What Markets Need Most

Why Intuit and Credit Karma Decided to Combine in $7.1 Billion Deal

U.S.-France Digital Tax Truce

Podcasts

Virus Strains Professional, Personal Lives of Tax Pros

Huge Stimulus Now, Higher Taxes Later, EY Exec Says