With a financial crisis averted, let’s take a look at the highlights of the Fiscal Responsibility Act.
The IRS is providing broad-based penalty relief to most taxpayers who filed certain 2019 and/or 2020 tax returns late...
Many small entities suffered major losses during the pandemic. Here’s welcome relief from the FASB for private ...
Eligible businesses affected by the COVID-19 pandemic now have until May 31 to apply for a PPP loan. Here’s the...
The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during ...
On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA). The...
Business owners may be able to save tax with home office deductions. If you’re working from home (like lots of ...
Congress has passed the latest legislation aimed at providing economic and other relief from the COVID-19 pandemic th...
The current expected credit loss (CECL) standard has been delayed again. Under the recently enacted COVID-19 economic...
Do you know the warning signs of delinquent payments? Being proactive helps protect your cash flow and profits.
Businesses that have been hit hard by the COVID-19 may be able to obtain help with PPP loans. Here are the basic rule...
The Employee Retention Tax Credit rewards employers that can afford to keep workers on the payroll during the COVID-1...
Businesses received several favorable tax breaks in the COVID-19 relief bill that was recently signed into law. Here ...
One of the major provisions of the Consolidated Appropriation Act, 2021 has been the extension and modification of th...
On Monday, December 21, 2020, The U.S. House of Representatives and the Senate passed the Consolidated Appropriations...
This year, many businesses were affected by the pandemic. Here are some things we have learned.
It’s almost time for year-end inventory counts. But, if COVID-19 cases are surging in locations where your comp...
It’s almost audit season for calendar-year entities. Will you be ready to participate in video conferences with...
Attention, lenders! COVID-19-related loan modifications may be exempt from the complex accounting rules for troubled ...
The IRS has issued guidance to implement the deferral of the employee share of SS tax, but employers still have quest...
Employee Social Security Payroll Tax Deferrals Begin Amid Continued Questions
Under stress? Here’s how you can spot vulnerabilities and prevent your business from being blindsided in crisis...
If your business received a PPP Loan, you should be aware of the potential tax implications.
The SBA just released a new round of FAQs targeted at providing guidance for PPP loan forgiveness. Find out more.
How the pandemic could add a new layer of complexity to the new-and-improved auditor’s report.
Government Contractor Training Event: Accounting and The CARES Act
The extended federal income tax deadline is coming up fast. As you know, the IRS postponed until July 15 the payment ...
**Note: The original text of this article has been updated as of June 18, 2020 to refle...
COVID-19 and widespread unemployment have increased difficulties for nonprofits. Is your board up to the challenge?
As advisors, we are fielding a flood of questions from business owners, CFOs and controllers on how to account for be...
Figuring out how to return to the workplace post COVID-19 can be tricky
What we are doing to engage our talent pools
5 actionable tips for working remote and still engaging employees
The Coronavirus Aid, Relief, and Economic Security Act (CARES) was signed into law on March 27, 2020 to provide econo...
CARES Act - Funding and Employment Retention Provisions
Contractors should prepare to navigate through potential contract claims
CARES Act - Tax Provisions for Businesses
The AICPA released financial reporting considerations related to COVID-19.
Please refer to the link for IRS updates related to the Coronaviru...
There is a lot of information, and misinformation, being shared about Covid-19. With the continued spread of the viru...