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Is revenue recognition on your mind? Maybe it should be.
Updated revenue recognition guidance (ASC 606 – Revenue from Contracts with Customers) was supposed to have been implemented by private companies and most nonprofits in the fiscal years beginning...
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New IRS Guidance Allows, But Does Not Force, Employers to Postpone Withholding Payroll Taxes
In early August, President Trump signed an executive order declaring a payroll tax holiday. On Friday last week, the Internal Revenue Service issued guidance to address some of the...
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New Answers to PPP Forgiveness Questions Published by SBA
The Small Business Administration (SBA) and Treasury Department published a new Frequently Asked Questions (FAQ) document on August 4, 2020 to address some of the processes and calculations Paycheck...
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The SBA Will Allow PPP Borrowers to Apply Early for Loan Forgiveness
Borrowers who received a Paycheck Protection Program (PPP) loan can apply for loan forgiveness before their covered period expires, according to new guidance released by the Small Business Administration...
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SBA Releases Revised PPP Loan Forgiveness Application, New EZ Loan Forgiveness Application and Additional Interim Final Rule
This week, the Small Business Administration (SBA) released a revised Paycheck Protection Program (PPP) loan forgiveness application and a new EZ application for PPP loan forgiveness along with instructions...
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Best Practices to Ensure Your PPP COVID-19 Loan is Forgiven
NOTE: In early June, new legislation was enacted that extends the time period during which PPP loans may be used and the percentage of the loan that must be...
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