Accounting Insights
- December 1, 2020
- Accounting | COVID-19 | Title IV
The Higher Education Emergency Relief Fund (HEERF) was implemented under the CARES Act by the federal government earlier this year. The fund allocations became…
- November 30, 2020
- Accounting | Audit and Tax | Tax
It’s been over two years since the U.S. Supreme Court shook up the state tax world in South Dakota v. Wayfair (Dkt 17-494, 6/21/2018)…
- November 23, 2020
- Accounting | COVID-19 | Tax
Due to the uncertainty of the pandemic, the Department of Education (DOE) has continually provided updates to its guidance for interruptions of study related…
- November 20, 2020
- Accounting | Tax
A Monetized Installment Sale can provide up to 93.55% of the selling price in cash at closing while deferring the taxes for 30 years…
- November 20, 2020
- Accounting | Construction
As media outlets consistently report, and as we have all experienced firsthand, the challenges of 2020 were not planned for, expected or even imagined. Many business owners still struggle to find footing…
- November 18, 2020
- Accounting | Audit and Tax
Dating all the way back to July 2016, the cash management updates that coincided with the release of the Audit Guide created changes as…
- November 16, 2020
- Accounting | Audit and Tax | Construction | COVID-19
Many borrowers of the Paycheck Protection Program (PPP) loan are currently submitting loan forgiveness applications. While construction and real estate (CRE) companies can greatly…
- November 13, 2020
- Accounting | Audit and Tax | Title IV
This has certainly been an interesting year on many levels. The COVID-19 pandemic shook the landscape and ended up delaying a lot of regulations…
- November 9, 2020
- Accounting | Not-for-Profit
In today’s virtual environment, it’s more important than ever to know the difference between crucial information and noise when it comes to decision-making. In…
- November 2, 2020
- Accounting | Not-for-Profit
We rely heavily on data when making strategic decisions. This is especially true as, through information sharing, data is almost always readily available. However, some data can be so voluminous that it may become difficult to separate the crucial information from the noise. In part…
- October 30, 2020
- Accounting | COVID-19 | Not-for-Profit
Not-for-profit leaders have learned to quickly adapt this year, not by choice but out of necessity. Unlike many other industries, not-for-profit organizations rely entirely…
- October 30, 2020
- Accounting | Human Resources
New for 2020 year-end reporting is the return of the 1099-NEC form. This form was last used in the early 1980s as essentially a…
- October 29, 2020
- Accounting | Audit and Tax | COVID-19 | Manufacturing | Tax
Many borrowers of the Paycheck Protection Program (PPP) loan are now in the process of submitting loan forgiveness applications, with the expectation that their…
- October 13, 2020
- Accounting | Not-for-Profit
As we enter the last few months of 2020, it’s time for not-for-profit organizations to implement and activate their year-end fundraising strategies. Many challenges…
- September 25, 2020
- Accounting | COVID-19 | Tax
The Department of Education’s Updates to the Higher Education Emergency Relief Fund (HEERF) Programs for Institutions of Higher Education In September 2020, the Department…
- August 14, 2020
- Accounting | Audit and Tax | COVID-19 | Tax
As the entire world feels the effect of the COVID-19 pandemic, the United States federal government stepped in to enact the CARES Act, which…
- August 12, 2020
- Audit and Tax | Construction | COVID-19 | Tax
As the fallout from the COVID-19 pandemic continues, social distancing and remote work protocols continue to impact the commercial real estate industry. Many mortgage…
- August 10, 2020
- Accounting | Audit and Tax | Title IV
To begin and continue to participate in any Title IV, the Higher Education Act (HEA), program, an institution must demonstrate to the Secretary that…
- August 7, 2020
- Accounting | Audit and Tax | COVID-19 | Title IV
Article updated on October 2, 2020 Amongst all of the uncertainty surrounding the COVID-19 pandemic, the U.S. Small Business Administration (SBA) issued the Paycheck…
This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.