The Government Accounting Standards Board (GASB), recently issued a proposal seeking change in the way state and local governments report financial information. This initiative is led primarily under Joel Black, … Read More
In a press release on July 17th, the federal reserve board announced that the Main Street Lending Program will be extended to more nonprofits. History of the Main Street Lending … Read More
In December, the AICPA shared the practice aid “Accounting for and Auditing of Digital Assets”. This week the AICPA released new updates to the nonauthoritative guide. Background on Digital Asset … Read More
There is traditionally a lull in the accounting industry following the rush of each tax season. Unlike other years however, 2020 will continue to stay busy for CPAs due to … Read More
If you haven’t heard already, the tax deadline was extended to July 15 of this year as a means of providing extra time for taxpayers during the pandemic. The IRS … Read More
If you haven’t had time to keep up with the tax news for this week, we’ve got you covered. The IRS recently announced that it will NOT be extending the … Read More
With the deadline for the Payment Protection Program (PPP) loans fast approaching, we wanted to share a quick reminder regarding what you need to know when it comes to applying … Read More
With the tax deadline fast approaching, we want to send a quick reminder that you have until July 15 to file your 2019 federal income tax return and pay any … Read More
Mike Silvio, Director of Tax Services Lucia Valenzuela, Senior Manager, Specialty Tax Consulting The May 2020 revision of Governor Newsom’s proposed budget includes a provision to temporarily suspend net … Read More
If you are subscribed to our newsletter, you may know that under section 1106 of the CARES Act, businesses that qualify and are approved for the PPP loan are eligible … Read More
Starting a small business can be difficult on a limited budget. When deciding where to cut business costs, you may think that doing your own accounting instead of hiring a … Read More
2020 has been an unprecedented year for the workforce, especially for those in the accounting industry. If you are an aspiring accountant who has recently graduated and ready to take … Read More