Technology Consulting
Technology is critical to the success of your business.
What does your technology do for you?
The available options can be overwhelming. Researching what might be best for your organization could turn into a full-time job.
At Smith Schafer, we have a team of specialists to help you cut costs, increase your access to information and improve your decision-making abilities through the intelligent use of technology.
Our Technology Consulting Services:
- Strategic technology review, planning, and budgeting
- Business process development and documentation
- Software selection and implementation (e.g. Peachtree, QuickBooks, MAS90)
- Technology coaching and executive education
Technology resources
FASB Delays Revenue Recognition and Leasing Standards
Following last month’s proposal to defer the effective date of two standards for private companies and nonprofit organizations, the Financial Accounting Standards Board (FASB) voted to delay the effective dates of revenue recognition and leases standards on May 20. The standards extension comes as a response to complications caused by the coronavirus pandemic.
10 FAQs: Accounting for PPP Loans and Forgiveness
Under the Paycheck Protection Program (PPP), the federal government authorizes up to $349 billion in forgivable loans to small businesses during the COVID-19 crisis. Small businesses are receiving loans, and many have questions on how to account for the funds, expenses, and forgiveness in their accounting records.
SBA Guidance on PPP Loan Forgiveness
On Friday the SBA issued its Interim Final Rule (IFR) on Loan Forgiveness for Paycheck Protection Loans. While the IFR largely mirrors the Loan Forgiveness Application Form released the prior Friday, a few additional items of note were included in the IFR.