By Chris Griesemer, Partner and Information Technology Security Specialist for Community Banks A client of mine at The Whitlock Co. recently brought to my attention
The American Institute of CPA’s (AICPA) released Technical Questions and Answers (TQA) on June 30 to address common accounting issues for Paycheck Protection Program (PPP)
The Financial Accounting Standards Board (FASB) met yesterday, May 20, and made a tentative decision to extend the effective dates for the new revenue recognition
PPP Forgiveness Update A first draft of the PPP loan forgiveness application (PDF link) has been released. As with everything related to this program, we
Eligibility On March 27, 2020 President Trump signed into law the CARES Act which included the Paycheck Protection Program (PPP) loan provisions designed to help
The IRS released guidance on April 30th to explain that a taxpayer that receives a loan through the Paycheck Protection Program (PPP) is not permitted
Congress has passed a $2.2 trillion stimulus package to support the economy during the virus pandemic. The President has indicated that the bill will be
We have been receiving ongoing questions from financial institutions on how to work through the issues their customers are facing as the impact of the
On March 22, 2020, regulators released an interagency statement on loan modifications by financial institutions working with customers affected by the coronavirus. This statement applies
Amount billed for routine phone calls
Amount billed for services if not 100% satisfied
Sleepless nights knowing we’re in charge
Headaches figuring out tax regulations
Of your time devoted to making money
Stress free tax filing
