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Learn MoreNot-for-profits have been hit hard by the COVID-19 pandemic. However, affected organizations who serve low-income Ohioans have the chance to receive a portion of $25 million in additional grant funding provided by the Coronavirus Aid, Relief and Economic Security (CARES) Act. Interested...
Read MoreAs we approach the end of the year, it is crucial to reflect on the past 12 months to establish a sense of where your company’s taxable income numbers will land so you can optimize tax positions before the opportunity is lost. This is of the utmost importance for 2020, as Congress created new...
Read MoreThe passing of key legislation over the past couple of years — particularly the Setting Every Community Up for Retirement Enhancement Act (SECURE Act) of 2019 and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) of 2020 — has resulted in significant changes for individuals when it...
Read MoreIf your company has a foreign subsidiary or affiliate, at some point you will be faced with foreign currency transaction and translation adjustments. Do you know what each one represents and which financial statement(s) they impact? Do you understand how foreign currency adjustments should be...
Read MorePaycheck Protection Program (PPP) loan recipients may soon have yet another form to complete to be eligible for loan forgiveness. On October 26, the SBA published a 30-day notice for comments in the Federal Register, which included two “loan necessity questionnaires”: SBA Form 3509, which targets...
Read MoreThis blog was updated 2/17/21 Last week, the Securities and Exchange Commission (SEC) continued its modernization plan, significantly altering the framework for derivatives used by registered investment companies (including mutual funds, ETFs, closed-end funds and business development companies)....
Read MoreTo address the myriad of regulations over the investment industry, the U.S. Securities and Exchange Commission (SEC) provides a variety of guidance and reference materials to industry stakeholders. As a part of that effort, since November 1994, the Chief Accountant’s Office within the SEC Division...
Read MoreUnderstanding and applying for forgiveness for Paycheck Protection Program (PPP) loans continue to be a priority, and a challenge, for many loan recipients. Below offers the latest updates and clarifications to help you prepare. 1. SBA Releases Simplified Forgiveness Forms for Smaller Loans On...
Read MoreThis blog was updated 2/17/21 Earlier this month, the Securities and Exchange Commission (SEC) continued its modernization plan and updated rules related to auditor independence requirements. Auditors must be independent of audit clients both “in fact and in appearance.” Over the past two decades...
Read MoreThe IRS has released highly anticipated proposed regulations that provide critical guidance on Section 1031, or like-kind, exchanges in the wake of changes made by the Tax Cuts and Jobs Act (TCJA). Most importantly, the proposed regs define the term “real property” for purposes of determining...
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