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Qualified Improvement Property –Error Fixed!
The CARES Act was passed in late March, largely to provide stimulus and emergency assistance to individuals and businesses adversely impacted by the coronavirus pandemic.
FASB Issues ASU Delaying Effective Date for Revenue Recognition & Lease Accounting Standards for Certain Entities
The COVID-19 pandemic has significantly impacted the global economy, and U.S. businesses are no exception. On June 3, 2020, the Financial Accounting Standards Board (FASB)
Senate Passes Bill Granting Flexibility to PPP Borrowers
The senate passed the House bill last night to change the PPP loan program. It appears they passed the house version “as is” in order to avoid
Unemployment Fraud Investigations Are Underway: Potential Delays in Receipt of Benefits May Be Ahead
The COVID-19 pandemic has been a time of uncertainty and vulnerability for millions of Americans. As our nation’s unemployment rate continues to rise due to
PPP Loan Forgiveness Workbook
We are currently updating all of our workbooks to reflect the most current rules. Please check back soon for new files. Looking for additional
Paycheck Protection Program Flexibility Act of 2020 Passes in the House
Today the House passed the Paycheck Protection Program Flexibility Act of 2020. The Bill passed the House 417-1. While the official text of the Bill
How Can Your Nonprofit Organization Prepare for a Remote Audit?
Countless aspects of life and business have made a hasty transition into the digital realm since the onset of COVID-19. Working with professional advisors like
PPP & ERTC: Relief Bill Considerations for Business Owners
The extension of the Paycheck Protection Program (PPP) was a welcome surprise at the end of 2020. Especially some of the provisions, like the deductibility
SBA Continues to Rollout the Second Round of the PPP
Starting today, Friday, January 15th, the SBA is accepting applications for the second round of Paycheck Protection Program (PPP) funding from smaller
PPP2 for Nonprofits: Which Organizations Are Eligible for Second Draw Funding?
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
NDAA for 2021: What’s in Store for Credit Unions?
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