Newsletter

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

May 4, 2020

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

April 20, 2020

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

April 20, 2020

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

April 10, 2020

CARES Act – Entrepreneurial Development and Education

The House passed the Senate's CARES Act yesterday. The Act includes a section related to entrepreneurial development that provides funding to educate small businesses and their employees on resources available during this time: MINORITY BUSINESS DEVELOPMENT AGENCY The

March 31, 2020