PPP Loan Forgiveness Updates: Burden Relief for Smaller Loans and Guidance for Changes of Ownership
The Treasury and Small Business Administration (SBA) have announced some burden relief for small business with PPP Loans, including a safe harbor for good faith need is automatically applied to those who received loans of less than $2,000,000 – welcome relief for many smaller organizations grappling with PPP loan forgiveness
What if My PPP Loan Gets Audited?
Borrowers that participated in the Paycheck Protection Program (PPP) are aware there are two primary certifications that have been and will be made with respect to their PPP loan. To receive the loan, borrowers had to make a certification of need. As they apply for loan forgiveness, the certification of
Accounting & Auditing Standards Event Covers COVID-19 Considerations
Hundreds of financial professionals joined Barnes Dennig’s annual Accounting and Auditing Standards event on September 16 to gain insight into accounting considerations for the COVID-19 recovery economy. In a 90-minute session jam-packed with information, insight, and real-world examples, accounting industry thought leaders Tom Groskopf and Matt Rosen led attendees on
Payroll Tax Deferral Plan – Understand the Risks and Benefits, Proceed with Caution
At first glance, the new payroll-tax deferral plan appears to provide relief to employees struggling in the wake of the sweeping economic devastation caused by the global pandemic – but know that there are substantial risks to both employees and employers in participating. What the Payroll Tax Deferral Plan Does
How to Use Spending Plans to Achieve Financial Goals
The best way to improve anything is to track progress to provides a direct comparison from the past to the present. Creating a budget or a spending plan is no different. Tracking where your money is coming in and going out is the best way to measure your current financial