Major regulatory change on the horizon for financial institutions
Major regulatory change is on the horizon for financial institutions, including new liquidity and capital requirement rules.
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What to do if you filed an employee retention credit claim with the IRS
ERC submissions are under scrutiny by the IRS due to a surge in questionable claims. Are you confident your claim meets the eligibility requirements and can stand up to a potential audit?
PPP Forgiveness Guidance Addresses Owner-Employee Compensation, Rent-Related Costs
The U.S. Small Business Administration (SBA) and Treasury issued an interim final rule Monday addressing Paycheck Protection Program (PPP) forgiveness issues related to owner-employee compensation and the eligibility of nonpayroll costs.
Accounting for PPP Loan Forgiveness
Recently the American Institute of Certified Public Accountants (AICPA) released guidance on accounting and financial reporting for the forgiveness of Paycheck Protection Program (PPP) loans acquired through the Small Business Administration (SBA) as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
Paycheck Protection Flexibility Act Extends PPP Spending Deadline
The PPP forgiveness rules continue to evolve. Wednesday night (June 3), the Senate voted unanimously to accept the legislation previously passed by the House, and President Trump is expected to sign soon.