Tax & Accounting Blog
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GASB Calls for Accounting Standards Postponement
On April 14, the Governmental Accounting Standards Board (GASB) released a statement proposing the postponement of the effective dates of certain accounting and financial reporting requirements set to go into effect soon.
Spring Cleaning: Recordkeeping Guidelines to Save or Shred
Are you a recordkeeping pack rat?
Paycheck Protection Program Loans 25 FAQs
Small businesses may apply for a forgivable loan under the CARES Act. The funding from the federal government for these loans is limited.
Updated Guidance on Payroll Tax Deferral
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, allows for a payroll tax deferral of the employer share of Social Security tax that would otherwise be due from March 27 until December 31, 2020. Initially, this deferral was not available to those businesses taking advantage of the Paycheck Protection Program (PPP) Loans.
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