Accounting and Advisory

SBA Releases PPP Loan Forgiveness Application & Instructions

By | Accounting and Advisory, News, Operations Management | No Comments

The U.S. Small Business Administration (SBA) has released the “Paycheck Protection Program Loan Forgiveness Application,” which contains information on PPP Loan forgiveness along with instructions for completing the application form. The SBA said its form and instructions are designed to reduce compliance burdens and simplify the process for borrowers. The…

Read More

PPP Loan Repayment Deadline Extended – FAQs About Forgiveness

By | Accounting and Advisory, News, Operations Management | No Comments

We have provided an update to the “economic uncertainty” language and the good-faith certification.  Read More. The U.S. Treasury Department and the SBA are issuing new guidance on eligibility and use of Paycheck Protection Program loan funds under the CARES Act. However, their determination of ‘economic uncertainty’ and the ‘good…

Read More

AICPA releases recommended PPP application documentation

By | Accounting and Advisory, News, Tax Planning | No Comments

The American Institute of CPAs, the AICPA-led Coalition, and other key stakeholders – collectively representing 44K CPA firms, 2.5M small businesses and 30M employees – have come together to drive a common understanding and approach around the implementation of the U.S. Treasury and Small Business Administration Paycheck Protection Program (PPP)….

Read More

Lessons from Lease Accounting Standards

By | Accounting and Advisory, Articles, News | No Comments

The US Financial Accounting Standards Board (FASB) new lease accounting standards has brought about many questions for companies that outsource production or logistics, including manufacturers and distributors. Here are some of the key considerations in evaluating supply arrangements to identify any contractual relationships. These relationships can impact bookkeeping and financial…

Read More