IRS issues final regulations on meals and entertainment deductions (authored by RSM US LLP)
The final regulations issued by the IRS provide guidance for meal and entertainment deductions under section 274.
Research Results
Lender accounting for PPP loans prior to loan repayment or forgiveness (authored by RSM US LLP)
Our white paper discusses pandemic-related financial reporting issues, including a lender’s accounting for PPP loans.
Donor-Advised Funds: Giving with a Tax Advantage
If you donate to charitable organizations, you might want to consider establishing a donor-advised fund. A donor-advised fund is a charitable tax-saving tool that enables you to maintain a certain level of control over how funds are distributed while receiving immediate tax benefits.
SBA issues additional PPP loan forgiveness guidance (authored by RSM US LLP)
Guidance addresses owner-employee ownership thresholds, related party rents and costs for tenants or sub-tenants or home-based businesses.
OMB issues 2020 Compliance Supplement (authored by RSM US LLP)
The OMB recently released the 2020 Compliance Supplement, which is effective for audits of years beginning after June 30, 2019.
Benefits of a Fractional CFO
As your company grows, the need for greater experience and more sophistication in accounting and finance will also grow. If your company is facing the question of whether or not to hire a full-time CFO, you might want to consider a fractional CFO instead. In this video, we explore the benefits of having a fractional CFO.
Scenario Planning
What if your organization was already prepared to respond to the challenges brought about by COVID-19? Scenario planning is a savvy management tool that helps organizations deal with the uncertain world in which we live.
SBA further clarifies loan forgiveness process (Authored by RSM US LLP)
SBA / Treasury release additional changes to Interim Final Rules that further clarify loan forgiveness process.
Succession Planning for Business Owners
Succession planning is essential for business owners to ensure that their business will survive, if not thrive, through a transition of leadership. In this video, we'll cover why you need a plan and key components of a plan.
Paycheck Protection Program Flexibility Act of 2020
On June 5th, the president signed the Paycheck Protection Program Flexibility Act of 2020 into law, which among other things, helps borrowers maximize their potential for loan forgiveness. Here's a great video that covers the major provisions of the new law.
PPP Loan Forgiveness
The SBA recently released the PPP loan forgiveness application which provides guidelines on what expenses are eligible for forgiveness. Here's a great video overview of the new guidelines.
Main Street Lending Program
In response to the COVID-19 pandemic, the Federal Reserve authorized the establishment of the Main Street Lending Program which will provide up to $600 billion of loans to small and medium-sized businesses. Watch this video for an overview of how this new program may help your business.
Cybersecurity with a Remote Workforce
The increased use of collaboration and cloud technologies have enabled employees to stay productive while working from home, but have also increased the risk of phishing attacks, online fraud and cyber attacks. In this short video, we will provide 7 steps to protecting yourself and your company.
Coronavirus: FASB staff provides guidance on various issues (authored by RSM US LLP)
The FASB staff recently discussed answers to certain questions on financial-reporting topics related to the coronavirus pandemic.
Fed introduces Main Street Lending Program (Authored by RSM US LLP)
The Federal Reserve made history providing up to $2.3 trillion in liquidity commitments by introducing the Main Street Lending Program.