Blog

As the seasons turn towards fall and tax deadlines begin to fade away, we have had an increased number of questions regarding accounting for loans made under the Paycheck Protection Program (PPP).  The intention of this blog is not to discuss the loan program itself or related forgiveness process.  Instead,...

There comes a point in time when every business owner is ready to take a step back.  Most business owners start their business with dreams of financial independence and a sense of freedom.  Eventually those owners are ready to reap the benefits of all those years of hard work. Planning...

TOP 5 SECURITY CONCERNS FOR 2021 INTERNAL CONTROL FAILURES Issue: Businesses build policies and procedures to minimize risk and ensure high quality products and services. When an issue arises most of the time it is related to a control failure. Someone not following policies and procedures. Solution: Regularly audit your...

President Trump issued an executive memorandum on August 8, 2020, allowing the deferral of the employee’s share of Social Security withholding for wages paid between September 1, 2020 and December 31, 2020.  The deferral is only available to employees earning less than $4,000 each biweekly payroll period.  This is a...

The IRS recently issued the following statement in relation to a delay in payment processing times due to COVID-19. If a taxpayer mailed a check (either with or without a tax return), it may still be unopened in the backlog of mail the IRS is processing due to COVID-19. Any...