Blog Posts
Accounting for the Payroll Protection Program Loan
As we maneuver through these unprecedented times and move through the government’s new Acts and Programs established for the Coronavirus Pandemic, questions have arisen on how to account for this funding. The funding has begun to
CARES Act, Part II: How to Prepare
The Federal Government is set to implement legislation that would allow more money to flow once again to small businesses affected by COVID-19--$322 billion more including $60 billion set aside for smaller lenders like community banks and
A Message From Our Partners
We are reaching out to simply let you know that all of us are thinking of you during these unprecedented times. Life has we know it has been challenged and changed: the new work environment shared with fury
Deferral of Payroll Taxes
The IRS has clarified ability to defer paying the employer share of payroll taxes. It was previously understood that you could not defer payroll taxes if you participated in the Payroll Protection Program (PPP). However, you are
FASB Considers Accounting Relief During COVID-19 Pandemic
The Financial Accounting Standards Board (FASB) held a public meeting on April 8, 2020 to approve measures intended to provide stakeholders with accounting relief and clarity during the COVID-19 crisis. In the coming days, the FASB will issue