With the ongoing impact of COVID-19 and the financial impact it’s imposing on businesses and individuals alike, we want to keep you in the loop with all current and potential financial relief options that may apply to you. That said, there’s been talk for quite sometime that there may be a second round of stimulus… Continue Reading
Archives for November 2020
Guidance for PPP Loans and Expense Deductions
11/19/2020: U.S. Treasury and IRS issue Guidance for PPP Loans and Expense Deductions The U.S. Treasury and the Internal Revenue Service (IRS) released guidance yesterday, November 18th clarifying the deductibility of expenses where a Paycheck Protection Program (PPP) loan has not been forgiven by the end of the year. PPP loan forgiveness will not be… Continue Reading
GAAP Considerations During a Global Pandemic
As mentioned in our previous post on preparing for your year-end financial statement audit, this year’s audit may look a little different than it has in the past. Our team at Christianson encourages you to be aware of the following U.S. Generally Accepted Accounting Principles (GAAP) considerations as you prepare for your year-end audit. Accounting… Continue Reading
