Almost weekly, Treasury, the IRS, and the SBA release guidance to help businesses understand and comply with the loan programs and tax changes enacted to mitigate economic damage from the COVID-19 pandemic. Recently, two interim final rules were released by the SBA to address some of the finer points of PPP loan forgiveness. The first set of rules covers payroll periods... Read More
Under the CARES Act, employers get a refundable payroll tax credit for 50% of the first $10,000 in wages paid to employees during the COVID-19 crisis. The credit is allowed against the employer portion of social security taxes on wages... Read More
Employee experience can directly affect your customer experience, resulting in lost profits. John Hightower, Co-founder and CEO of Arch + Tower, an FD company, explains how understanding your employees’ needs is important to your company’s operational excellence. Arch + Tower is a consulting team... Read More
On May 15, 2020, the Small Business Administration (SBA) announced the Paycheck Protection Program (PPP) loan forgiveness application. The application helps clarify some aspects of loan forgiveness that have been generating questions and concerns from loan recipients. Borrowers will be... Read More
The CARES Act and Net Operating Losses Section 2303 of the CARES Act modifies the net operating loss (NOL) rules for both corporate and non-corporate taxpayers to permit the carryback of net operating losses generated in years beginning after December... Read More
As part of the CARES Act, Congress fixed a provision in the 2017 tax law in a move that has been long awaited by tax practitioners. As part of the Tax Cuts and Jobs Act Congress intended to provide a... Read More
As leaders adapt to and anticipate emerging risks, evolving regulatory pressures and new accounting standards, Jason Sammons and Sabrina Serafin discuss current trends in Sarbanes-Oxley (SOX) compliance. Learn more: https://www.frazierdeeter.com/services/advisory/sarbanes-oxley-reporting/ Listen now using the player below or download for later. (If you... Read More
On March 27th, the CARES Act was signed into law, offering a variety of programs to help both individuals and businesses impacted by the COVID-19 virus. Among the many programs in the Act are new and updated loans from the... Read More
In a move that quickly encountered criticism, the IRS on April 30th issued Notice 2020-32, stating that no deduction will be allowed for expenses paid using Paycheck Protection Program (PPP) funds to the extent loan amounts are forgiven. Normally, the... Read More
Customer experience is more than just an exchange of goods or services. John Hightower, Co-founder and CEO of Arch + Tower, an FD company, discusses how multi-faceted the customer experience can be and how a better experience can lead to... Read More
