by Mary Doherty | Feb 26, 2021 | News, Tax Planning
The Biden administration has announced several reforms to the popular Paycheck Protection Program (PPP) to bring greater relief to the smallest and most vulnerable businesses. Among other things, the administration is imposing a two-week moratorium on loans to...
by Mary Doherty | Feb 23, 2021 | Business Planning
Your company’s financial statements should be transparent about any restrictions on cash. Are your reporting practices in compliance with the current accounting guidance? The Basics Restricted cash is a separate category of “cash and cash equivalents” that isn’t...
by Mary Doherty | Feb 18, 2021 | Nonprofit
Many organizations get stuck in procedural ruts because it’s easier in the short term to continue doing things the way they’ve always been done. But it generally pays to regularly review your nonprofit’s accounting function for inefficiencies and oversight gaps. You...
by Mary Doherty | Feb 16, 2021 | Business Planning
Many businesses have experienced severe cash flow problems during the COVID-19 pandemic. As a result, some may have delayed or missed loan payments. Instead of filing for bankruptcy in court, delinquent debtors may reach out to lenders about restructuring their loans....
by Mary Doherty | Feb 12, 2021 | Business Planning, News, Tax Planning
The 2021 Appropriations Act lowered the revenue decline threshold for Employee Retention Credit eligibility for companies with fewer than 500 employees. For the first two quarters of 2021, companies must experience a greater than 20 percent reduction in gross receipts...
