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...
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...
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...
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...