While the wealth planning journey involves numbers, figures and calculations, those elements are only the means to a more important end. Wealth planning lets individuals and families evaluate their present…
Archives for June 2020
Accounting for PPP Loans: Two Approaches for Financial Statement Reporting
As the second quarter of 2020 draws to a close, many companies that received Paycheck Protection Program (PPP) loans are unsure of how to account for them on their financial…
Payroll Provider Questionnaire for COVID-19 Tax Credits
Between the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief and Economic Security (CARES) Act, there are a number of new tax credits available to provide support…
PPP Flexibility Act Eases Rules around Forgiveness and Use of Funds
The most significant update since the Paycheck Protection Program’s launch was signed into law on June 5, 2020. The PPP Flexibility Act eases the rules around use of this federal…
Onboarding from a Distance: How to Verify Employment Eligibility for New Hires amid COVID-19
The coronavirus pandemic presents a number of challenges for businesses adding new members to their teams. Social distancing, contactless exchanges and remote work may complicate the typical onboarding process, which…