PPP Update: New Guidance That Will Change 2020 Taxable Liabilities
The IRS recently issued guidance that will impact taxable income and tax liabilities for the majority of businesses who received PPP loans.
Whitepaper | Benefits of a Fractional CFO
As your company grows, the need for greater experience and more sophistication in accounting and finance will also grow.
NCUA Issues Mid-Year Update to Credit Union Supervisory Priorities Amid COVID-19
2020 has been a year of transformation, challenge, and opportunity.
New 2020 Form 1099-NEC
NEW FORM 1099-NEC: The PATH Act accelerated the due date for filing Form 1099 that included nonemployee compensation (NEC) to January 31, and Treasury Regulations eliminated the automatic 30-day extension of time to file for forms that included NEC.
Virginia Employment Laws Expanded to Require New Hire Reporting of Independent Contractors
A new but perhaps little-known law in the State of Virginia requires that all employers, labor organizations, and hiring halls report information about newly hired independent contractors to the state’s New Hire Center.
DCAA Audit Protocol during the COVID-19 Pandemic
As the COVID-19 pandemic continues with no real end in sight the performance of traditional on-site audits by DCAA becomes a significant safety issue.
