Accounting and Advisory

Hurricane Sally FEMA Relief Update: Small Business Consulting Service

By | Accounting and Advisory, News, Small Business Consulting Services | No Comments

The President has approved the request by Florida Governor Ron DeSantis in the wake of hurricane Sally for a FEMA Disaster Declaration for Individual Assistance.  The declaration allows anyone in Pensacola and greater Escambia County impacted by Hurricane Sally access to critical FEMA programs, including housing assistance, crisis counseling, disaster…

Read More

R&D Tax Credits Improve Liquidity for More Businesses

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

Could you use some additional cash flow in your business? We thought so. Recent global events have certainly incentivized many tax decision-makers to prioritize tax planning that can increase cash and enhance overall business liquidity. This could mean a renewed focus on research and development credits (R&D credits). Specifically, more…

Read More

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