Archive for Alerts & Advisories Category

Emerging Tax Alert – PPP borrowers get concessions, additional guidance on forgiveness

The U.S. Senate has passed the bipartisan Paycheck Protection Program Flexibility Act of 2020, which loosens several of the Paycheck Protection Program’s (PPP’s) more onerous restrictions regarding loan forgiveness. President Trump has signed the bill

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Posted In: Alerts & Advisories, News, Resources

Accounting & Audit Alert – Revenue recognition and leases: FASB gives certain entities more time

Private companies and most nonprofits were supposed to implement updated revenue recognition guidance in fiscal year 2019 and updated lease guidance in fiscal year 2021. In the midst of the novel coronavirus (COVID-19) crisis, the

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Posted In: Alerts & Advisories

Accounting & Audit Alert – Overcoming the challenges of remote auditing during the COVID-19 crisis

Many people are currently working from home to help prevent the spread of the novel coronavirus (COVID-19). Your external auditors are no exception. Fortunately, in recent years, most audit firms have been investing in technology

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Posted In: Alerts & Advisories

Technologies for returning to the office

Returning to the office after an extended amount of time out is stressful.  Voicemail, email, meetings, catching up etc. can be a daunting task.  Adding a return to the office during or after a pandemic

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Posted In: Alerts & Advisories, Resources

Retirement and RMD Refresh

In times like these, it helps to refresh what we know on two important topics: retirement planning and Required Minimum Distributions (“RMDs”).  Recent legislative developments and the COVID-19 pandemic response have created opportunities with these

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Posted In: Alerts & Advisories, Articles, Resources

Paycheck Protection Program Loan Forgiveness Application Released

On May 15, 2020, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application.  This application includes instructions in full detail as well

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Posted In: Alerts & Advisories, News, Resources

PPP Guidance Update

The Small Business Administration (SBA), in consultation with the Department of the Treasury, continues to provide additional guidance with respect to the implementation of the Paycheck Protection Program (PPP).  A list of Frequently Asked Questions

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Posted In: Alerts & Advisories, News, Resources

Accounting & Audit Alert – COVID-19: A reminder of why cross-training your accounting staff is key

Imagine this scenario: A company’s controller is hospitalized for the novel coronavirus (COVID-19), and she’s the only person inside the company who knows how its accounting and payroll software works. She also is the only

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Posted In: Alerts & Advisories

PPP & CARES Act Webinar Recording

Last week, our friends at Sapers & Wallack hosted a Town Hall webinar about the SBA Paycheck Protection Program (PPP) and The CARES Act. Managing Partner, Scott Kaplowitch, joined as a panelist to answer questions

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Posted In: Alerts & Advisories, News, Resources

Emerging Tax Alert – SBA extends the PPP repayment deadline for self-certification

The Small Business Administration (SBA) has extended the repayment deadline for Payroll Protection Program (PPP) borrowers that wish to take advantage of the “good faith” self-certification of eligibility option. The deadline is now automatically extended

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Posted In: Alerts & Advisories, News, Resources