SBA Gives Guidance and Form for PPP Loan Forgiveness

SBA Gives Guidance and Form for PPP Loan Forgiveness

One of the most significant features of the SBA’s Paycheck Protection Program is the forgiveness provision—the loans become grants for companies...

CARES Act Adds Flexibility to Net Operating Losses

CARES Act Adds Flexibility to Net Operating Losses

Revenue Procedure 2020-24 provides guidance to taxpayers with net operating losses that are carried back under the CARES Act by providing...

Pandemic Planning: Supply Chain and Cash Flow

Pandemic Planning: Supply Chain and Cash Flow

The supply chain issues created by the COVID-19 pandemic are challenging businesses in ways they have never considered. Some of...

Tax Changes and Proposed Relief for Taxpayers and Employers

Tax Changes and Proposed Relief for Taxpayers and Employers

The past two weeks have been unprecedented, scary, and even a little crazy to say the least. A lot has...

What to Know about Audits and Financial Statements

What to Know about Audits and Financial Statements

You will want to prepare your financial statements in accordance with an accounting framework that’s appropriate for your business. Most...

Worried About the Monthly Close

Worried About the Monthly Close

The monthly close process should be standardized. Start by creating a list of standard journal entries that will promote consistency...

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