Article Archives: 2020

Accounting Alternatives for COVID-19 and Their Impact on EBITDA – CEOs, CFOs, Board Members, and Lenders Take Note

Dec 23, 2020

Posted by: Matt Medlin in EBITDA.

As spring ebbed into summer this past year, the economic impact of the pandemic inflicted severe stress across all economies and geographies. The U.S. government responded with stimulus through various means,

» Read more

The Tax Benefits of Donor Advised Funds and Bunching Charitable Donations

Dec 4, 2020

Posted by: Jeff Pannell in Donor Advised Funds.

Over the past few years, many high net worth taxpayers have witnessed the unfortunate removal of a substantial amount of itemized deductions from their Schedule A worksheets. Examples include a $10,000 limitation for state and local taxes,

» Read more

Debrief of the AICPA Global Manufacturing Conference

Nov 20, 2020

Posted by: Hillary Parker in Manufacturing.

On Nov. 18, 2020, the AICPA held its annual Global Manufacturing Conference, a yearly gathering of CPAs and global manufacturing companies where industry trends are discussed. Like many conferences and meetings in 2020,

» Read more

The Purpose and Benefits of Financial Policies and Procedures

Nov 11, 2020

Posted by: Joe Purvis in Policies and Procedures.

Does your organization have a complete set of financial policies and procedures? If so, when was the last time you reviewed them?

Effective financial policies and procedures can help provide efficient financial management,

» Read more

Practical Tips for Not-for-Profits at Year-End

Nov 10, 2020

Posted by: Shareen Corlett in Year End Planning.

The first month of the new year is always challenging with the many forms that need completing and the closing out of financial statements. Planning and preparation will provide your organization with peace of mind that you are ready for the financial requirements in 2021.

» Read more

Turning a Failed Investment into a Tax Benefit

Oct 21, 2020

Posted by: Dan Wright · Jeff Pannell

Unfortunately, not all startup companies become the next Snowflake and turn into one of the largest IPOs in the history of the U.S. stock exchanges. In fact,

» Read more

Paycheck Protection Program Loans and Changes in Ownership

Oct 21, 2020

Posted by: Steve Day in Paycheck Protection Program.

On Friday, October 2, 2020, the Small Business Administration (SBA) issued a notice providing information on the required procedures for when a change in ownership occurs for entities holding a Paycheck Protection Program (PPP) loan.

» Read more

No Employees Paid Over $1 Million? Tax on Excess Compensation Could Still Apply.

Oct 6, 2020

Posted by: Karen Dunn in Federal Tax.

The 21% tax on compensation over $1 million could apply to more organizations than one would think. This tax applies not only to compensation over $1 million but also to excess parachute payments.

» Read more

Tax-Smart Asset “Location” can Save Big Bucks

Sep 28, 2020

Posted by: Jeff Pannell in Investing.

The last time you heard the phrase “location, location, location” was probably from your real estate agent when buying or selling your home. But when was the last time you heard this same mantra from your investment advisor or financial planner?

» Read more

Roadmap to Paycheck Protection Program Loan Forgiveness – Part III: Maintaining Wages and Employees

Sep 25, 2020

Posted by: Sarah Huang in Paycheck Protection Program.

This article reflects the law prior to the passage of the Consolidated Appropriations Act (CAA) in December 2020. As such, certain sections may now be outdated. To learn more about the CAA updates,

» Read more

1 2 3 … 6 Next »