Audit and Tax

The Employee Retention Credit Enhanced by Stimulus Legislation

The recently enacted “Consolidated Appropriations Act, 2021” (“CAA”) [1] was the latest effort by Congress to provide stimulus and relief to individuals, businesses, health…

SBA Issues FAQ Guidance on Questionnaire for PPP Loans Over $2 Million

The Small Business Administration (SBA) released on December 9, 2020 its latest FAQ on the Paycheck Protection Program (“PPP”) loan. Background The PPP loan…

Sikich expands in St. Louis with acquisition of Hochschild, Bloom & Company

CHICAGO — Dec. 10, 2020 — Sikich announced today that it has signed an asset purchase agreement to acquire the operating assets of Hochschild,…

Final Regulations Released for UBTI of Separate Trades or Businesses in an Exempt Org

Back in May, the IRS released Proposed Regulations under Section 512(a)(6), related to the separate reporting for each unrelated trade or business of tax-exempt…

Aftermath of Wayfair: State Tax Nexus Update Webinar Recording

It’s been over two years since the U.S. Supreme Court shook up the state tax world with the Wayfair case. Since that time, all but…

Aftermath of Wayfair – State Tax Nexus Update

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)…

Title IV Common Findings Corner: Credit Balances and Timing

Dating all the way back to July 2016, the cash management updates that coincided with the release of the Audit Guide created changes as…

Timing of PPP Loan Forgiveness and Impact on Bonding

Many borrowers of the Paycheck Protection Program (PPP) loan are currently submitting loan forgiveness applications. While construction and real estate (CRE) companies can greatly…

The Long-awaited Implementation of State Authorization Requirements

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…

2020 Year-End Hot Topics for Not-for-Profits Webinar Recording

PPP Reporting Period Net Income Management & Tax Considerations For Manufacturers

Many borrowers of the Paycheck Protection Program (PPP) loan are now in the process of submitting loan forgiveness applications, with the expectation that their…

Ray Lampner Featured on OSCPA the State of Business

Ray Lampner was interviewed on the Ohio CPA Society Podcast, “The State of Business.” Ray discusses navigating the Paycheck Protection Program and addresses new…

Affordable Care Act Reporting for 2020

The IRS recently issued final forms and instructions for Forms 1094-C and 1095-C with some changes that impact all filers and other amendments impacting…

Glen Birnbaum Featured on ABC Peoria

Glen Birnbaum was featured on a WHOI-TV news segment discussing the 2019 tax deadlines. Glen, CPA, ABV, ASA, CVA, CM&AA, is a partner with…

Navigating the COVID-19 Higher Education Emergency Relief Fund

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…

COVID-19 and the Property Tax Appeal Process Webinar

Construction & Real Estate Loan Covenants During the Pandemic

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…

Title IV Common Findings Corner: Zone Alternative Requirements

To begin and continue to participate in any Title IV, the Higher Education Act (HEA), program, an institution must demonstrate to the Secretary that…

PPP Loan Accounting Issues for For-Profit Title IV Institutions

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…

Title IV Common Findings Corner – COVID-19 Updates

The Department of Education previously released updated guidance on June 16, 2020 for schools that were affected by the COVID-19 pandemic. Though we are…