How IT Spending Will Change When Business Resumes

Most states are starting to relax stay-at-home restrictions. As such, businesses are developing plans for bringing employees back to work. Many businesses are already affected by the pandemic and their future looks grim. Specifically, we are going to look at the IT sector and examine what spending might look like in a post-lockdown economy. Disruption...
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IRS Questions and Answers on COVID-19 IRA and 401(k) Loans & Distributions

The CARES Act stimulus package substantially relaxed the rules around certain retirement account loan and distribution requirements, but with much confusion. As a result, the IRS recently put out a FAQ document to address the COVID-19 rule relaxation around IRA and 401(k) loans and distributions. This important information should come as welcome news for the...
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Congress at Work: In the Wake of the Coronavirus Pandemic, Congress Passes the Most Expensive Single Spending Bill in American History

The Congress at Work series of articles is designed to give you a glimpse of various types of legislation currently under consideration. While either the Senate or the House of Representatives may initiate a bill proposal, be aware that many bills never become law; they may never make it out of committee, be blocked by...
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What’s in the Latest $484 Billion Stimulus Bill?

What’s in the Latest $484 Billion Stimulus Bill? Congress recently passed another round of stimulus to help counteract the economic impact of the coronavirus. The bill includes more funding for hospitals, small businesses, and coronavirus testing. Below we look at the details of the $484 billion legislation. More Money for Small Businesses The March stimulus...
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The SBA Payroll Program is Out of Money

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We knew it would happen – just not this soon.  The SBA Payroll Protection Program is out of money.  Contact your lawmakers to let them know that they need to pass additional funding now. https://www.bizjournals.com/louisville/news/2020/04/16/sbas-349b-paycheck-protection-program-officially.html?ana=e_lou_bn_breakingnews_breakingnews&j=90504325&t=Breaking%20News&mkt_tok=eyJpIjoiT1RsaE16bG1NR0kzTkdZeCIsInQiOiJZYjRUS2dcL3p5SXJcL09DeWpUdmVzSUNwNzdPZlhWOENkXC9YSnR5ZTR1VnJJSnh1UnpzZnNaUkR5SjNmREFJaDVFMW12VnFHSXQ2M1wvVUtsWlNzalNYNGY0VUJmbTlqekR1aDJGamhqZk56bDg5UGRHVTkzUU5tXC9EMHUxOFRlWUFReW14cVZxQkVPZzF6NHJHT2lUSHpNZz09In0%3D

While You’re Dealing with the COVID-19 Pandemic, Who is Watching Your Books?

By: Jennifer French CPA CGMA, Principal – With the COVID-19 pandemic, we are experiencing unprecedented times, that came upon us both quickly and unexpectedly.  While navigating new waters in relation to the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), including the Paycheck Protection Program and Loan Forgiveness, and working to keep your business...
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