Retirement Plans for Small Businesses
Generally, there are two types of qualified retirement plan: Defined contribution plans and Defined benefit plans. Defined contribution plans include profit sharing, stock bonus and money purchase [...]
New FAQs Address PPP Loan Forgiveness & EIDL Issues
The new FAQsreleased as of August 11, 2020 are divided into four sections addressing different aspects of the process and calculations PPP borrowers should use to determine [...]
Invoicing and Accounts Receivable in QuickBooks
For business owners, getting business in the door is only part of the challenge, receiving payment for the work is another. It’s easy to focus on generating [...]
Fraud Schemes Series – Part I: Bust Out
When engaged to investigate a fraud examination, a forensic accountant has to be aware of the multiple fraud schemes that may have been employed by a fraudster. [...]
Depreciation on Leasehold Improvement
The purpose of this article is to discuss the definition of leasehold improvements, qualified improvements and the depreciation method for tax purposes. Leasehold improvements are major improvements [...]
Credit Card Transactions and your Business
Credit cards are a convenient tool for businesses to use in everyday operations; they allow a business to build or expand their credit history, as well as [...]
Business Interruption Loss Claims: Isolating the Damaging Event from Other Influencing Factors
In a prior blog post, we discussed the Dictiomatic case, which illustrated a number of principles and occurrences that often arise when calculating business interruption loss claims. [...]
Business Interruption and Lost Profits: Restaurants
Restaurants are greatly impacted by the COVID-19 crisis. Most are impacted negatively at least in the early times of Coronavirus while some restaurants unexpectedly outperform during these [...]
Why There is No Need to Rush for PPP Forgiveness
Although forgiveness for Paycheck Protection Program (PPP) loans is a foremost topic on the minds of borrowers, there are several reasons why borrowers should not rush to [...]