Paycheck Protection Program: Enhanced Transparency vs Business Privacy

SBA PPP LOAN FORGIVENESS RULES By Scott Zickefoose, CPA, CM&AA, Senior Tax Manager | Business Turnaround Services Team Paycheck Protection Program Enhanced Transparency On June 19, 2020, the Small Business Administration (SBA) and the U.S. Department of the Treasury announced that they had reached bipartisan agreement with leaders of the U.S. Senate Small Business Committee to […]

Important Paycheck Protection Program Bulletin

SBA PPP LOAN FORGIVENESS RULES By Matthew L. Austin, Managing Director | Keiter Advisors Offer to Re-Hire and Reporting a Rejection of Re-Hire to the State Unemployment Commission The Treasury specified in its Interim Final Rule that a borrower’s loan forgiveness amount will not be reduced if an employer makes an offer to re-hire an […]

Proposed FASB Accounting Standards Update: Consolidation Guidance for Privately Held Companies

On June 22, 2017, the Financial Accounting Standards Board (“FASB”) introduced Proposed Accounting Standards Update (“ASU”) 2017-240 Consolidation, which, if approved, will simplify the consolidation criteria for privately held companies.  There are three main areas of current consolidation accounting that would be impacted by this ASU. Applying the variable interest entity guidance to private companies […]


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