Everything You Need to Know Now About PPP Loan Forgiveness
The IRS has recently issued guidance in Revenue Ruling 2020-27 and Revenue Procedure 2020-51 regarding deductions for eligible PPP expenses. Audit…
Our Year-End Webinar Will Not Disappoint
Are your receivables light this year? Have you been working inordinate hours during this new normal without seeing the expected…
ASU No. 2018-08 and PPP Loans
Right now, not-for-profits (NFPs) are considering the role of ASU No. 2018-08 (ASU 2018-08), Clarifying the Scope and the Accounting Guidance…
SEC Updates Auditor Independence Rules
On October 16, 2020, the SEC released an announcement that it adopted final amendments to Rule 2-01 of Regulation S-X,…
Two New Contribution Standards for Not-For-Profits
As we enter the final stretch of 2020, not-for-profits are grappling with two new contribution standards. The first standard is…
Fraud: That age-old risk that just won’t go away. Especially in the COVID-19 Environment!
Companies institute elaborate controls to prevent or detect fraud. We as public accountants devote a significant amount of effort on…
Something the FASB and GASB Agree On
In recent years, both the FASB and GASB have developed new leasing standards. While both standard-setters wrote their standards at…
FASB Simplifies Accounting for Convertible Debt and Other Financial Instruments
One of the more complex areas of financial reporting is accounting for convertible debt. Under current GAAP, there are 5…
Three Considerations for June 30, 2020 Financial Reporting
As entities with June 30, 2020 year-end reporting dates prepare their financial statements for the first time post the COVID-19…
The Truth About Working Remotely
Studies show that remote workers are more productive than their counterparts at the office. Though this finding may have seemed…