Individual Tax Filing Deadline Moved to May 17th
The IRS announced on Wednesday March 17th, 2021 that the federal income tax filing due date for individuals for the 2020 … Read more…
Understanding Qualified Disaster Relief Payments
Business owners and employees alike have endured possibly the most stressful year of their careers thus far. With the end of … Read more…
NEW Stimulus Bill Signed Into Law!
On December 20th, Congress finally came to an agreement on a new stimulus bill for individuals and small businesses. Here … Read more…
Family First Coronavirus Response Act (FFCRA): Small Business Exemption
The Families First Coronavirus Response Act (FFCRA) requires that employers provide paid sick leave or expanded family and medical leave … Read more…
New PPP Guidance and Next Steps
August was another very busy month in the world of PPP loan forgiveness. This is the timeline of the information … Read more…
Guidance Provided on Payroll Tax Deferral
Late on Friday, August 28th, the Internal Revenue Service issued guidance on the payroll tax deferral ordered by the President … Read more…
AICPA Requests Guidance, Clarity on Executive Order for Payroll Tax Deferral
On August 8, President Donald Trump signed an executive order authorizing a temporary payroll tax deferral for American workers. The … Read more…
PPP Loans: Accounting & Financial Reporting Considerations for Business Entities
The Paycheck Protection Program (PPP) has been a savior to many companies, but it has also certainly come with its … Read more…
PPP Loans: Nonprofit Accounting & Reporting Considerations in Accordance with US GAAP
Tax Filing & Payment Deadline Update
Updated: 4/10/20, 5:10PM PST On April 9th, the IRS issued Notice 2020-23, which provides even more expansive filing and payment … Read more…