Financial Reporting Update

  • May 21, 2020

The Financial Accounting Standards Board (FASB) met yesterday, May 20, and made a tentative decision to extend the effective dates for...

PPP Forgiveness Application Draft

  • May 18, 2020

PPP Forgiveness Update A first draft of the PPP loan forgiveness application (PDF link) has been released. As with everything related...

Paycheck Protection Program SBA Updates

  • May 1, 2020

Eligibility On March 27, 2020 President Trump signed into law the CARES Act which included the Paycheck Protection Program (PPP) loan...

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Deductibility of Expenses Reimbursed by the Paycheck Protection Program

  • May 1, 2020

The IRS released guidance on April 30th to explain that a taxpayer that receives a loan through the Paycheck Protection Program...

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Paycheck Protection Program (PPP) Next Steps

  • April 17, 2020

If you have received PPP loan funds, congratulations! It was a rocky process for many with unclear and changing rules.  In...

Prepare for CECL

IRS Extends More Tax Deadlines

  • April 10, 2020

The Treasury Department and IRS have provided additional relief to taxpayers for a variety of tax forms and payments. Some of...

How to Protect Yourself from Coronavirus Scams

  • April 6, 2020

The COVID-19 outbreak has caused much fear and stress. It is times like these that scammers take advantage of the uncertainty...

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COVID-19 Update: Interim Final Rule for PPP Loan

  • April 3, 2020

The interim final rule for the Paycheck Protection Program has been released by the U.S. Treasury. This includes information for lenders...