In today’s economy auditors play a critical role in the security of the financial markets by ensuring we are performing high-quality audits and providing clear insight into a company’s financial position to the users of the financial statements. Each auditor should continuously focus on enhancing the quality of our audit procedures and the value that […]
Paycheck Protection Program Flexibility Act of 2020 (PPPFA) Over the last two weeks major developments have occurred with the signing of the Paycheck Protection Program Flexibility Act (PPPFA) and this week’s release of the updated loan forgiveness application(s). The revised loan forgiveness applications hope to provide a more efficient process to make it easier for […]
An Employee Stock Ownership Plan, also known as an ESOP, is an employee benefit plan that offers advantages to business owners, their companies, and their employees. It is a tax qualified, defined contribution plan where employees own shares in the company (or in the parent company of a group of companies), and is unique among qualified […]
On Wednesday evening, the Senate cleared changes to the popular Paycheck Protection Program that will allow small businesses more flexibility in using the rescue loan funds, and it was quickly signed into law by President Trump today. One of the key provisions in the new bill is that PPP borrowers will now have a longer […]