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OMB Issues Guidance to Federal Agencies for Administering Federal Awards
The Office of Management and Budget (OMB) has issued Memorandum M-20-22, which provides federal agencies with guiding principles to aid federal contractors and award recipients
President Trump Signs Additional Stimulus Bill into Law
On Friday, April 24, 2020, President Trump signed an additional coronavirus aid bill into law, the Paycheck Protection Program and Health Care Enhancement Act, which
Treasury Department Updates FAQs to Address Questions About Publicly Traded Companies Receiving PPP Loans
Many people have read the Treasury Department’s Frequently Asked Questions. Last night Question #31 was added to the document, which addresses media coverage of several
The CARES Act: A Closer Look at Charitable Contributions
For individuals, businesses, and nonprofit organizations alike, the time to consider long-term plans for economic recovery is now. As the COVID-19 crisis continues, we want
Senate Passes COVID-19 Relief Package
Update: The House of Representatives voted to approve the Senate bill on Thursday, April 23. It will now go to President Trump, who is expected
The CARES Act: A Closer Look at Certain Provisions for Businesses
We’re now more than two weeks out from the enactment of the Coronavirus Aid, Relief, and Economic Securities Act (CARES Act), legislation that put $2.2
IRS Issues Revenue Ruling on Deductions Related to PPP Loan Forgiveness
The IRS has issued Revenue Ruling 2020-27, which sets forth the IRS’s position on the timing of the disallowance of deductions related to Paycheck Protection
Surety Teams: David Jean Contributes to Construction Executive
Some say it takes a village, while Construction Executive suggests a lead singer relies on the support of the band behind them. Whichever metaphor you
PPP Loans, Forgiven Expenses, & 2020 Deductions
As tax planners, we are familiar with the uncertain world of predicting future events and their related tax consequences. In working with businesses who obtained
PPP & EIDL Borrower Information to be Released by SBA
Throughout the ongoing legal battle with national-news organizations, the SBA has pushed for withholding certain PPP loan borrower information. The SBA claimed the information withheld
Avoiding Common 401(k) Plan Missteps
Your company’s 401(k) benefit plan is a key incentive for attracting and retaining the employees responsible for maintaining (and increasing) your cash flow, customer relationships,