Thanks to COVID-19, many companies are preparing for a remote audit. Are you ready for this brave new world in financial reporting?Read More
Blog
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Accrual-Basis Accounting: 2020 Revenue Recognition Cutoffs
Accounting is time-sensitive. Here’s a primer on cutoffs for reporting revenue and expenses to help companies that use accrual-basis accounting.Read More
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Full-Time Equivalent Employee (FTE) Calculation
Here are the 2 FTE (full-time equivalent) calculation methods you can use when applying for Paycheck Protection Program loan forgiveness.Read More
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FTE Reduction Exemptions for PPP Loan Forgiveness
Here are the FTE (full-time equivalent) employee reduction exemptions you should be aware of when filling out your PPP loan forgiveness application.Read More
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Completing Your PPP Loan Forgiveness Application
Completing the PPP loan forgiveness application can seem intimidating, but it doesn’t have to be. Here’s an overview of the 3 applications.Read More
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IRS Allows SALT Cap Workaround for Pass-Through Entities
The IRS has issued Notice 2020-75 that allows a SALT Cap workaround for pass-through entities such as partnerships and S corporationsRead More
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2020 Tax Saving Strategies for Businesses
If you own a small business, consider the following tax saving strategies to help minimize your 2020 tax bill.Read More
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SBA Issues Loan Necessity Questionnaires for PPP Borrowers With Loans of $2 Million or More
The SBA released two loan necessity questionnaires for Paycheck Protection Program (PPP) borrowers who received PPP loans totaling $2 million or more.Read More
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2021 Inflation Adjustments & Tax Tables
The IRS has issued the 2021 annual inflation adjustments for may tax provisions, along with the 2021 tax rate tables for individuals, trusts and estates.Read More
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Maryland Strong Economic Recovery Initiative
The $250 million “Maryland Strong Economic Recovery initiative” provides funding to businesses negatively impacted by the COVID-19 pandemicRead More