The AICPA, along with several other partners, has outlined a solution to help many small businesses cover their payrolls quickly, safely and efficiently.
Small businesses are the heart of the American economy, and it’s critical to keep as many people on the payroll as possible, the coalition said in an open letter on March 21 to President Donald J. Trump, Treasury Secretary Steven Mnuchin, Small Business Administrator Jovita Carranza and members of Congress.
The coalition urged the federal government to use existing payroll processors to direct funds to small businesses so they can make payroll and not shut down due to restrictions caused by the coronavirus pandemic.