[Webinar] SOC Audit Controls and COVID-19: Maintaining and Monitoring the Control Environment

How COVID-19 impacted the SOC audit landscape, during the pandemic and into the new normal. COVID-19's effects were felt by every type of organization in 2020, and the impact is still reverberating in… Read More »

COVID’s Impact on Business Valuation

What business valuation professionals need to consider when valuing your business. With the COVID-19 pandemic, the world has changed dramatically, and every business has been impacted in one way or another. At… Read More »

2020 Bank Year-End Planning

As the pandemic continues and the uncertainty of who will take control of the Senate is up in the air, major tax proposals are not anticipated immediately.    President-elect Biden’s tax proposal includes… Read More »

Important PPP Loan Updates from IRS and SBA

The Latest from the IRS Two very important items were released by the IRS on November 18, 2020 that impact taxpayers with PPP Loans. In Ruling 2020-27, the IRS restates that expenses paid with PPP funds… Read More »

How Wayfair Decision Affects Your Business

While speaking at a Texas Society of CPAs’ event, I shared my view that the United States Supreme Court decision on Wayfair, giving states the power to reach across state lines and force remote businesses… Read More »

SBA Releases Two New PPP Loan Forgiveness Forms

On October 26, 2020 the SBA released a notice announcing their intention to release two new PPP Loan Forgiveness forms.  The Form 3509 – Loan Necessity Questionnaire would be used by for-profit borrowers… Read More »

SBA Guidance on Change in Ownership of Entities with PPP Loans

On 10/2/2020 the SBA issued guidance for PPP borrowers undergoing a change in ownership (covering asset sales or stock sales) prior to obtaining loan forgiveness.  SBA Procedural Notice for Changes in… Read More »

PPP Loan Accounting Considerations for Nonprofit Organizations

As many nonprofit organizations have received PPP loan funds and will be requesting loan forgiveness, we wanted to share a couple of articles with our clients that discuss the accounting for these funds. The… Read More »

How Manufacturing Companies Can Take Advantage of Legislation in 2020

Manufacturing companies can benefit from the continuous stream of legislation over recent months. COVID-19 has caused much change and uncertainty over the past five months. With all of the economic struggles… Read More »

Treatment of Owners and Forgiveness of Certain Nonpayroll costs for PPP - SBA and PPP Update

The SBA released guidance on August 24 regarding on Treatment of Owners and Forgiveness of Certain Nonpayroll costs for PPP.  The following are the highlights and the details can be found in the link… Read More »

PPP Loan Forgiveness: Full Forgiveness

The “Paycheck Protection Program Flexibility Act of 2020” (the “PPPFA”) was signed into law by President Trump on June 5, 2020, and to date, the SBA and Treasury subsequently released the following guidance:  Interim… Read More »

PPP Update: Flexibility Act Signed Into Law

Changes Made by the PPP Flexibility Act Earlier today the PPP Flexibility Act was signed into law, bringing about several key changes to the PPP’s forgiveness feature.  Further guidance is expected from… Read More »

Retirement Plan Provisions of the CARES Act

Retirement Plan Distributions The CARES Act waives the 10% additional tax on early distributions related to the coronavirus from retirement plans and IRAs for amounts not to exceed $100,000 subject to… Read More »

CARES Act Provides Favorable Changes for Taxpayers with Net Operating Loses

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides added relief for taxpayers with net operating losses (NOLs).  The Act allows for a five-year carryback period and eliminates… Read More »

How does the CARES ACT affect my Qualified Retirement Plans?

On March 27, 2020, the United States Congress passed the Coronavirus Aid, Relief, and Economic Security Act (the Cares Act or Act) as a response to the global pandemic COVID-19. While the Cares Act has… Read More »

Blog Home
Desktop Tablet Mobile