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Getting a Handle on Financial Fraud

Getting a Handle on Financial Fraud

During periods of economic stress, both civil and criminal incidents of fraud tend to rise as businesses face increased financial pressures. The current climate is posing exceptional challenges resulting from COVID-19. Attorneys are more likely than ever to turn to the services of a CPA for support with settlement negotiations and trial testimony in fraud […]

A Sales-Tax Primer for Pandemic-Affected Businesses

A Sales-Tax Primer for Pandemic-Affected Businesses

COVID-19 has triggered many brick-and-mortar entities to either strengthen or create their online presence. This, in turn has forced them to address sales tax complexities they didn’t have to contend with when all sales were local. Understanding Sale Tax Thresholds The internet sales tax requirement is the direct result of the Supreme Court’s ruling in […]

Is the COVID-19 Pandemic Affecting Mergers?

Is the COVID-19 Pandemic Affecting Mergers?

Around the world, businesses are emerging from various pauses and lockdowns, some in better shape than others. Many businesses continue to grow and prosper, and many likely are doing so through a merger or acquisition. Others are looking to merge into or be acquired by other businesses. The M&A market was active before the COVID-19 […]

Loan Forgiveness Made Easy

Loan Forgiveness Made Easy

Paycheck Protection Program Flexibility Act of 2020 (PPPFA) In my last post, I covered the basic changes brought about by the PPPFA which was signed into law on June 5, 2020. Today we’ll do a deeper dive into some of the workings of the forgiveness process, particularly as it relates to the exceptions to the […]

From Good To Better. Is The Best Yet To Come?

From Good To Better. Is The Best Yet To Come?

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 […]

ESOP Fables: Exploring the Myths and Facts about Employee Stock Ownership Plans

ESOP Fables: Exploring the Myths and Facts about Employee Stock Ownership Plans

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 […]

Paycheck Protection Program Flexibility Act

Paycheck Protection Program Flexibility Act

The House passed a bill today, Thursday, May 28th that loosens some key rules regarding loan repayment and spending restrictions of the Paycheck Protection Program. The legislation, titled the Paycheck Protection Program Flexibility Act, is intended to make loans more accessible under the program by making its terms of use more flexible. Given the quickly changing […]

How Do We Account for Paycheck Protection Program Forgiveness?

How Do We Account for Paycheck Protection Program Forgiveness?

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provided an estimated $2.2 trillion to fight the COVID-19 pandemic and stimulate the US economy, including $349 billion that was earmarked for the Paycheck Protection Program (PPP) to be administered by the SBA. An additional $310 billion was later authorized for the PPP. Under the PPP, […]

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