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Strategies to Consider for Loan Forgiveness

Written by Dan Chodan, CPA

5/26/20 Note: Congress has been discussing changes to the PPP program. We also expect more SBA/Treasury rulemaking. The most significant proposed changes are an extension of the 8-week period and removal of the 25% limit on non-payroll expenses. Additional changes may significantly impact your planning for loan...

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Government Assistance Programs: Are You Ready for Scrutiny?

Organizations of all shapes and sizes have sought to take advantage of government assistance and programs to help their business persevere and maintain operations during the COVID-19 pandemic.

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Reduce Occupancy Costs & Accelerate Your Business Recovery

By Ross Forman COVID-19 has accelerated a shift in global workplace strategies that have been brewing for the past several years. The success of the shift has surprised many, even in the traditionally agile culture of technology companies. OpenText, a Canadian based software firm with more than 12,000 employees and 120 offices worldwide, has...

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COVID-19’S Impact On Accounting Operations – Immediate Actions To Take

While the full impact of the novel Coronavirus has yet to be seen, it is clear that companies of all sizes are contending with an economic and health challenge unlike any the United States has seen in generations.

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COVID-19 Impact On Critical Accounting Operations Part 2: Positioning Towards The Future

By Ross FormanIn the first piece in this series, we touched on COVID-19’s impact on finance and accounting operations, including a few immediate actions to take in order to set yourself, your team and your organization up to endure and bridge this crisis.

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The Defense Production Act: What Government Contractors Need To Know

In mid-March, President Trump signed an executive order to invoke the Defense Production Act of 1950 (DPA), requiring private companies to prioritize government orders of essential supplies to combat the COVID-19 pandemic. Under the DPA, financial incentives are also permissible to private industry to expand production and capacity for necessary...

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USMCA To Take Effect July 1, 2020

On April 24, 2020, U.S. Trade Representative Robert Lighthizer notified Congress that Canada and Mexico have taken measures necessary to comply with their commitments under the United States–Mexico–Canada Agreement (USMCA), and that the agreement will enter into force on July 1, 2020. USMCA will replace the 26-year-old North American Free...

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Treasury Announcement Regarding Income Tax Treaty References To NAFTA In Light Of The USMCA

Summary

On May 19, 2020, the Department of the Treasury and the Internal Revenue Service (collectively, Treasury) released Announcement 2020-06 that provides Treasury’s view on how to interpret references in U.S. income tax treaties to the North American Free Trade Agreement (NAFTA) once it is replaced by the United States-Mexico-Canada...

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Accounting for PPP Loans

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Remote Working and Cybersecurity Considerations For Plan Sponsors

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