Alert
PPP Forgiveness Period Extended to 24 Weeks
The President significantly liberalized the PPP loan forgiveness rules, extending the payroll tax de...
June 04, 2020
Alert
GAQC Provides Definitive Answer Regarding Applicability of Single Audit Req...
EIDL loans for nonprofits are considered federal financial assistance and are subject to the Uniform...
May 20, 2020
Alert
Federal Work Study Students Excluded from 500 Employee Headcount for PPP Lo...
The SBA releases additional regulations for the Paycheck Protection Program, excluding students from...
May 08, 2020
Alert
Extension of Time to Repay PPP Loans
The deadline for repaying Paycheck Protection Program ("PPP") loans has been extended to May 14, 202...
May 06, 2020
Alert
Your Paycheck Protection Program Loan Has Been Funded – Now What?
Learn more on next steps for your business once you have received your PPP funding including cash fl...
May 05, 2020
Alert
IRS Denies Deduction for Certain Expenses Paid by PPP Loans
If you have received or may receive a PPP loan, you should consider how the use of the loan proceeds...
May 05, 2020
Alert
International Tax Information Due Soon for US-Based Companies with Foreign ...
In 2020, and every five years, US-based companies need to report on their foreign affiliate holdings...
April 30, 2020
Alert
Cash Flow Planning with Qualified Improvement Property and Depreciation
Qualified improvement property (“QIP”) placed into service in 2018 and 2019 is now eligible to b...
April 30, 2020
Alert
Additional Funding for PPP Loans: What You Need to Know
Read more on the new approved bill for the Paycheck Protection Program, which includes additional mo...
April 29, 2020
Alert
IRS Allows Filing by Fax for Quick Refunds that Report a Net Operating Loss
The IRS recently announced temporary procedures that allow taxpayers to fax applications to claim qu...
April 22, 2020
Alert
FASB Amends Annual Reporting Period Dates of ASC 842, Leases
The FASB Board has amended reporting peroid dates of ASC 842, Leases, for private companies and priv...
April 20, 2020
Alert
Deadlines Extended for 1031 Exchanges and Opportunity Zone Investors
Learn more on the IRS deadline extensions issued April 9, 2020 effecting 1031 like-kind exchanges an...
April 20, 2020