Tax season is notoriously stressful for business owners and individuals. But about for accountants? Just because we love our work, doesn’t mean that January to April is a walk in the park! Fortunately, the team at ARB is made up of seasoned pros who have cultivated some serious self-care strategies for making it through intense
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Looking Back at ARB’s 2020 2020 was the year of change; of new procedures, new technologies, and new challenges. With these challenges however, came new opportunities–And fresh starts! Here are some of the notable moments from the last year that we won’t forget anytime soon. The first 6-month tax season – Usually ending on April
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Nonprofit organizations that received loans through the first round of the Paycheck Protection Program (PPP1) may be eligible for a second draw of PPP funding (PPP2). PPP2 was among the provisions included in the COVID-19-Related Tax Relief Act (COVIDTRA) legislation. Small, community financial institutions may submit PPP loan applications for first-time PPP borrowers to the
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We’ve come to expect the National Defense Authorization Act (NDAA) to pass each year, as it has for the last 59 consecutive fiscal years. The legislative journey for the NDAA’s 60th year has been a complex journey. President Trump vetoed the $741 billion bill on December 23rd; however, after a House vote (322-87) to override
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On December 27th, President Trump signed the COVID-Related Tax Relief Act (COVIDTRA), a $908 billion relief package, into law. Among other provisions, the legislation includes a number of notable tax provisions and extenders for businesses and nonprofit organizations. PPP Provisions One of the biggest wins in this round of legislation affects PPP loan recipients, both
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