"Answers Beyond the Numbers ....."
SBA streamlines forgiveness - The Small Business Association (SBA) has eased the process of forgiving a PPP loan. Here's how... (August 3, 2021) Click here for full article
Financial Statements - tell a story about financial performance. Managers and other stakeholders who read them from cover to cover have a clear, holistic understanding of the details. (July 30, 2021) Click here for full article
PPP loan forgiveness - If you received a PPP loan, important forgiveness deadlines are approaching. Are you ready? (July 21, 2021) Click here for full article
Here come the child tax credit payments: What you need to know - If you have children age 17 or under, it's critical to understand the recent changes made to the child tax credit. (June 29, 2021) Click here for full article
Is your nonprofit complying with federal procurement requirements? - If your nonprofit doesn't comply with recently updated federal procurement guidelines, it could risk its funding. Here's how to ensure your policies and purchases adhere to the rules. (June 23, 2021) Click here for full article
Don't assume your profitable company has strong cash flow - If your business's bottom line is strong, that's good news. But you still need to keep a close eye on cash flow. Here's why. (June 16, 2021) Click here for full article
What nonprofit board members need to know about fiduciary duties - From financial oversight to risk management to avoiding conflicts of interest, there's a lot that nonprofit board members need to know. Here's a quick summary. (June 9, 2021) Click here for full article
The long and short of succession planning - Have you created a viable succession plan for your business? This daunting task can be made easier by choosing the right perspective. (June 2, 2021) Click here for full article
How to strengthen your internal controls - A strong internal control system can protect your organization from a variety of risks, including recordkeepting errors and employee theft. Here are three basic controls that you should take a look at annually. (May 28, 2021) Click here for full article
Using your financial statements to evaluate capital budgeting decisions - Taking your business to the next level may require a major infusion of capital. A disciplined approach to evaluating capital investment decisions can help get the biggest bang for your buck. (May 21, 2021) Click here for full article
Biden administration propses far-reaching tax overhaul - If your're trying to keep straight all of the tax proposals the Biden administrtion has recently announced, here's a handy guide. (May 5, 2021) Click here for full article
New rules for non-profits to report gifts in kind - (such as land or services) take effect for annual periods starting after June 15. So if you haven’t already familiarized yourself with the rules, now’s the time. (May 5, 2021) Click here for full article
Liabilities for unused time off mount as pandemic lingers - From staycations to road trips, people are using paid time off differently (or not at all) during the pandemic. When employees forego paid leave, employers may see their accruals skyrocket. Plus, there may be hidden costs, too. (April 30, 2021) Click here for full article
President Biden details his tax proposals for individuals - What could President Biden’s tax proposals mean for you? Here’s a brief rundown of the “American Families Plan.”. (April 29, 2021) Click here for full article
EIDL loans, restaurant grants offer relief to struggling small businesses - Could your small business or restaurant use a tax-advantaged loan from the Small Business Administration? A recently passed COVID-relief act offers a couple of intriguing options. (March 31, 2021) Click here for full article
PPP application deadline extended - Eligible businesses affected by the COVID-19 pandemic now have until May 31 to apply for a PPP loan. Here’s the latest on the popular loan program. (March 30, 2021) Click here for full article
4 Ways to improve the effectiveness of your audit committee - Does your audit committee need a makeover to tackle what lies ahead? Here’s guidance to devise a proactive governance and oversight agenda for 2021. (March 26, 2021) Click here for full article
Make the most of employee retention credit - Is your business taking full advantage of the Employee Retention Credit? (March 19, 2021) Click here for full article
Extended tax filing deadline provides relief to individual taxpayers and the IRS - Due to the pandemic and an unprecedented backlog of tax returns waiting to be processed, the IRS has postponed the federal tax filing deadline to May 17, 2021. (March 18, 2021) Click here for full article.
New COVID-19 relief law extends employee retention credit - The recent signing of the American Rescue Plan Act (ARPA) brings potentially good news for many business owners: the employee retention credit (ERC) has been extended again. The ERC was originally introduced under the CARES Act to provide tax relief to companies that retain employees during the COVID-19 pandemic. It was then extended and enhanced under the Consolidated Appropriations Act. The ARPA further extends the ERC from June 30, 2021, until December 31, 2021. It also extends the higher percentage of 70% of qualified wages, as well as the allowance for up to $10,000 in eligible wages for any calendar quarter. We can explain further and help you determine whether your business qualifies. (March 17, 2021) Click here for full article
New legislation proposes to help "rescue" nonprofits - No one needs to tell nonprofit organizations how tough the past year has been. According to the John Hopkins Center for Civil Society Studies, 7.7% of not-for-profit workers — nearly one million people — lost their jobs between February 2020 and January 2021. An even higher percentage of arts and education organizations lost jobs last year. Although the nonprofit sector received higher-than-usual donations in 2020, many nonprofits that sought COVID-19-related loans were shut out. (March 17, 2021) Click here for full article.
The American Rescue Plan Act has passed: What's in it for you? - The latest COVID-19 related stimulus bill, the American Rescue Plan Act, has now passed. How can you benefit?. (March 10, 2021) Click here for full article.