COVID-19 Relief Bill

  • December 28, 2020

COVID-19 Relief Bill The bill includes another round of direct stimulus payments and more relief for businesses impacted by COVID-19. The...

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Will Expenses Paid with PPP Loans be deductible?

  • November 19, 2020

On November 18, the U.S. Treasury Department and Internal Revenue Service (IRS) released guidance for businesses that received Paycheck Protection Program (PPP) loans...

Guidance for Deferring Social Security Tax Withholding

  • September 2, 2020

Written by Jennifer Cochran On August 8, 2020, the President of the United States issued a Presidential Memorandum directing the Secretary...

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PPP Updates

  • August 6, 2020

Earlier this week, the Small Business Administration (SBA) released a new Frequently Asked Questions (FAQs) document on PPP Loan Forgiveness. PPP...

AICPA Releases PPP Q&A for Lenders

  • July 6, 2020

The American Institute of CPA’s (AICPA) released Technical Questions and Answers (TQA) on June 30 to address common accounting issues for...

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COVID-19 Relief Update

  • June 18, 2020

The Small Business Administration (SBA) has recently released updates regarding the Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP)....

PPP Forgiveness Changes Coming as Senate Passes House Bill

  • June 4, 2020

The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation Wednesday night, tripling the time allotted for small...

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...