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...
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...