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New PPP Guidance from Small Business Administration

The Small Business Administration (SBA)  issued new PPP loan Interim Final Guidance (IFR) on August 24, 2020, on Treatment of Owners and Forgiveness of Certain Nonpayroll Costs, in addition to new PPP loan forgiveness FAQs on August 4, 2020, and EIDL loan FAQs on August 11, 2020. This interim final…

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House Bill 197 & Taxing Remote Workers: What You Need to Know

In what seems to be an everlasting battle, the effects of the pandemic are still being felt nationwide. It has required businesses to adapt and change what was once the norm. Allowing employees to work from home has been a major change made by many employers. This has raised concerns…

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What Public Companies can Teach Us About Lease Accounting

In 2016, the FASB issued the lease accounting standard (ASU 2016-02, Leases (ASC 842)). The impact of this standard is significant as almost every company will see their balance sheet change as a result of the standard. However, it is debatable as to whether this standard is more significant than…

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How to Use Volatility as a Chance to Rebalance at a Discount

Current volatility in the market can often allow emotions to interfere with investment decisions. This is the importance in establishing an investment strategy for the long term so that in difficult times it is easier to stay the course. However, these turbulent times also can reveal potential opportunities in the…

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SBA Opens PPP Loan Forgiveness Application Portal August 10

The Small Business Association (SBA) will accepting PPP loan forgiveness applications submitted by lenders on its portal beginning August 10, 2020. The portal’s opening date is subject to extension if Congress makes changes to the loan forgiveness process, and current legislation is being considered for automatic forgiveness of PPP loans…

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