Live Video Webinar – Challenging Times: Choosing the Right Family Business Advisors
Family businesses by their nature are run by owners that wear many hats and oftentimes “grew up” in the business. In these unique and challenging times, experience is everything. It is not unusual for family businesses to seek external expertise and resources. The real challenge for closely held family businesses is navigating through the process... Read More →
Strothman Strategic Advisory Services: State of Deal Flow and Transaction Market
As we begin to come out of the shutdown there is much interest and uncertainty in the market. Join Matthew Saltzman, Director, Strothman Strategic Advisory Services as he discusses the State of Deal Flow and Transaction Market with key strategic partners. This video roundtable is part of a series that will help you navigate through... Read More →
Will This Ever End? – Thoughts on Figuring out the New Normal
Matthew Saltzman, Partner & Director, Strategic Advisory Services As we live through the pandemic that has run through the world the realization that this pandemic is not related solely to the coronavirus. There is a seismic shift that is taking place in the world and it is impacting every person on the planet. This shift... Read More →
Older Adults and COVID-19
Joyce Smith, Partner Joyce Smith, CPA, is a member of the Professional Services Team, as well as the Partner in charge of our Senior Care Financial Services. Our Senior Care Financial Services strive to provide aging clients with a unique blend of financial related services combined with a personal touch. Our goal at Strothman and... Read More →
The Wealth Tax – Part 1
Dustin Wells, Tax Specialist A wealth tax in summary is a tax on (your) assets. A wealth tax is different from an income tax. A wealth tax is a tax on the value of a business’s or an individual’s assets – your house, your car, your investments, etc. – which, in effect, is a tax... Read More →
ActionCoach Quarterly GrowthCLUB Business Coaching (Strategic Partner of Strothman+Co)
Develop a clear picture of where your business will be in 90 days’ time, and a step-by-step GrowthCLUB plan to get you there. GrowthCLUB is a once a quarter workshop that makes creating tactical plans for your business both educational and fun. In GrowthCLUB, you are trained on strategies that will help you master your... Read More →
How Businesses Can Help Protect Themselves Against Civil Unrest
If the COVID-19 pandemic isn’t a big enough strain on businesses trying to engage in commerce, whether it’s retailers, restaurants, manufacturers or those in the service sector, civil unrest puts another strain on surviving the downturn. Based on recommendations from the U.S. Department of Homeland Security and the U.S. Small Business Administration, businesses can prepare... Read More →
Hiring in the Age of Coronavirus
The U.S. job market gained 2.5 million jobs during the month of May, dropping the unemployment rate to 13.3 percent, according to the U.S. Bureau of Labor Statistics. There’s likely been a lot of rehiring, with more to come as the economy continues reopening. However, until social distancing becomes a thing of the past, hiring... Read More →
Best Part-Time Jobs During Corona
Even though unemployment is still relatively high, there are still some great part-time jobs you can do that will help cover basic expenses. Here’s a list of the industries that are hiring right now: Paid Survey Participant If you like to share your opinions (and who doesn’t), this job is perfect for you. Companies are... Read More →
Fileless Malware Poses New Threat to Computer Users
With increased cyber threats, there is great awareness of malware that comes attached in files. Individuals and businesses invest in security solutions to protect against malware. In fact, there are often company policies regarding opening attachments on emails; yet there is an increase in a type of threat (though not new), known as the fileless... Read More →
How Likely Would a Second Coronavirus Wave Negatively Impact the Stock Market?
As Johns Hopkins University of Medicine’s Coronavirus Resource Center revealed a recent increase of coronavirus cases in the Southern and Southwestern United States, the VIX ticked up. With fears of the outbreak curve not flattening, how will this impact markets? The Volatility Index (VIX) was established by the Chicago Board Options Exchange in 1993 to... Read More →
How To Use Qualified Charitable Distributions For Charitable Giving
Each year, millions of Americans make donations to charitable organizations and receive something in return – a tax break. However, the 2017 Tax Cuts and Jobs Act curbed this tax advantage because it reduced the number of people eligible to claim a charitable deduction by raising the standard deduction. For 2020, the standard deduction is... Read More →
Congress at Work: Helping Small Business Owners, Seniors, and U.S. Hostages, and Limiting Intrusive Domestic Surveillance
Paycheck Protection Program Flexibility Act of 2020 (HR 7010) – Rep. Dean Phillips (D-MN) introduced this legislation on May 26. This Act modifies provisions related to small business loans issued under the original Paycheck Protection Program. Specifically, the bill permits forgiveness of loans used to pay expenses incurred over a 24-week period, longer than the... Read More →
The State of Banking and the Economy
As we begin to come out of the shutdown there is much interest and uncertainty in the market. Join Matthew Saltzman, Director, Strothman Strategic Advisory Services as he discusses the state of banking and the economy with key strategic partners. This video roundtable is part of a series that will help you navigate through these... Read More →
AICPA issues guidance on accounting for forgivable PPP loans
This is important information for for-profit and non-profit entities that have a US GAAP financial reporting requirement and received a SBA Payroll Protection Program loan (PPP). This guidance from AICPA (and which was supported by FASB) provides guidance on the accounting treatment for funding received from a SBA PPP loan, which is it depends. ... Read More →
H.R. 7010 Paycheck Protection Program Flexibility Act of 2020
Neil Zinser, Tax Partner On June 5th, 2020, the President signed the Paycheck Protection Program Flexibility Act of 2020 providing more flexibility for borrowers seeking forgiveness of the PPP Loan provided by the CARES Act. Regulations and rules governing the PPP loans have been changing since the day it was announced and will most likely... Read More →
Navigating the Financial Corona Storm – PPP is Gone What Now?
Matthew Saltzman, Partner and Director, Strategic Advisory Services Last month we discussed the impact of Covid-19 pandemic at a high level and set the stage for the questions you should be asking yourself as you begin to return to the new normal that will be our pre-vaccine lives. This month we will begin to provide... Read More →
GASB Statement No. 95 – An Unprecedented Standard in Unprecedented Times
Jennifer French, Principal, Assurance Services During these unprecedented times in light of the COVID-19 pandemic, the Governmental Accounting Standards Board (“GASB”) is giving us a break. During March 2020, the GASB received requests from various governments and organizations to postpone the effective dates of the pronouncements that were to be implemented for both the current... Read More →
How Health Care Leaders Are Surviving the Pandemic
Interviews and Article by Samuel Haynes, Tax Accountant The Covid-19 Pandemic is something that our country has not seen since the Spanish Flu, over one hundred years ago. It has impacted our society in numerous ways from schools and churches to small businesses and entrepreneurs. As a member of the Professional Services Team at Strothman... Read More →
SCOTUS & The Anti Injunction Case
Dustin Wells, Tax Specialist Do you not want to pay taxes? Does anyone? Not really. Maybe you can avoid paying taxes if you file suit against the IRS or an injunction against tax collection but if you do you’re going to need relief from the Anti-Injunction Act. Have you ever heard of the Anti-Injunction Act... Read More →