Main Street Loan Program Expanded for Nonprofits COVID-19 InsightsNot-for-Profit
August 5, 2020

Main Street Loan Program Expanded for Nonprofits

On Friday, July 17, 2020, the Federal Reserve Board announced the expansion of the Main Street Lending Program to provide…
Checking In: The Food & Beverage Industry during COVID-19 COVID-19 InsightsManufacturing and Distribution
July 28, 2020

Checking In: The Food & Beverage Industry during COVID-19

Since March of this year, the Food & Beverage industry has found itself in the midst of unprecedented times. Yet…
AuditCOVID-19 InsightsLife ScienceTechnology
July 15, 2020

The Rise of Telehealth and the Importance of Cybersecurity

The COVID-19 pandemic has challenged hospitals and health care systems in countless ways. Between providing critical patient care, maintaining operations…
Moving Forward Act Highlights Tax Priorities Construction & EngineeringCOVID-19 InsightsReal EstateTax
July 14, 2020

Moving Forward Act Highlights Tax Priorities

On July 1, 2020, the House of Representatives passed the Moving Forward Act (H.R. 2), a sweeping infrastructure rebuilding plan…
Congress Votes to Extend the Paycheck Protection Program to August CARES Act
July 7, 2020

Congress Votes to Extend the Paycheck Protection Program to August

On July 4, 2020, President Trump signed into law a bill extending the deadline for eligible small businesses to apply…
SBA issues updated PPP loan forgiveness application CARES Act
July 1, 2020

SBA issues updated PPP loan forgiveness application

On June 17, 2020, the U.S. Small Business Administration (SBA) released an updated version of the Paycheck Protection Program (PPP)…
SOC Reporting a COVID-19 Environment AuditBusiness RiskCOVID-19 Insights
June 22, 2020

SOC reporting in a COVID-19 environment

The COVID-19 pandemic has impacted a significant amount of organizations. As many have transitioned to remote environments, or scaled down…
Authorities grant relief for opportunity zone investors COVID-19 InsightsReal EstateTax
June 17, 2020

Authorities grant relief for opportunity zone investors

Opportunity zone investors finally got what they were asking for: relief. On June 4, 2020, the U.S. Treasury Department and…
PPP FAQ CARES Act
June 11, 2020

Paycheck Protection Program (PPP) FAQ

This page has been updated as of June 11th, 2020. Much like the COVID-19 situation as a whole, information surrounding…
Main Street Loan Changes Expand Accessibility COVID-19 Insights
June 11, 2020

Main Street Loan Changes Expand Accessibility

On June 8, 2020 the Federal Reserve announced revisions to its Main Street Lending Program. The latest modifications will make…
Work Sharing Program may prove valuable lifeline for California employers COVID-19 InsightsState & Local Taxes
June 11, 2020

‘Work sharing’ may prove valuable lifeline for California employers

Companies throughout the country and across the state of California can finally see the light at the end of the…
PPP loan forgiveness changes on the way as Congress passes bill CARES Act
June 4, 2020

Paycheck Protection Program Flexibility Act (PPPFA) changes the PPP

Published: June 4th, 2020 at 12:45 PM PST | Updated: June 12th, 2020 at 4:06 PM PST On June 5,…
Tax-exempt organizations receive UBTI reporting guidance Charter SchoolsCOVID-19 InsightsLife ScienceNot-for-ProfitTax
June 2, 2020

Tax-exempt organizations receive UBTI reporting guidance

On April 24, 2020 the Internal Revenue Service (IRS) announced the issuance of proposed regulations regarding tax-exempt organizations and their…
Tax benefit of donating surplus food during COVID-19 COVID-19 Insights
June 2, 2020

Tax benefit of donating surplus food during COVID-19

Businesses in the food & beverage industry, such as producers, farmers, or restaurants, may find themselves with a surplus of…
Renewable Energy Tax Credits | IRS announces safe harbor for renewable energy tax credits COVID-19 InsightsTax
June 1, 2020

IRS announces safe harbor for renewable energy tax credits

Renewable energy companies now have more time to develop projects using sources such as wind and geothermal energy, and for…
Section 125 Cafeteria Plan COVID-19 InsightsTax
May 28, 2020

IRS increases flexibility for section 125 cafeteria plan

As part of their response to the COVID-19 health crisis, the Internal Revenue Service (IRS) released two notices providing additional…
PPP Loan Forgiveness Application - 6 Key Takeaways CARES Act
May 22, 2020

PPP Loan Forgiveness Application: 6 Key Takeaways

On Friday, May 15, 2020, the U.S. Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application…
FASB delays revenue recognition and lease standards in response to COVID-19 COVID-19 InsightsTax
May 22, 2020

FASB delays revenue recognition and lease standards in response to COVID-19

On Wednesday, June 3, 2020, the Financial Accounting Standards Board (FASB) issued an update that delayed effective dates of its…
House passes $3 trillion coronavirus relief package COVID-19 Insights
May 19, 2020

House passes $3 trillion coronavirus relief package

On Friday, May 15, 2020, the House of Representatives passed the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act…
Main Street Lending Program to Provide Relief for Mid-Sized Businesses and NFPs COVID-19 Insights
May 19, 2020

Main Street Lending Program to Provide Relief for Mid-Sized Businesses and NFPs

Published: May 19th, 2020 at 08:05 AM PST | Updated: June 11th, 2020 at 2:17 PM PST By now, everyone…
SBA releases PPP loan forgiveness application CARES Act
May 18, 2020

SBA releases PPP loan forgiveness application

On Friday May 15, 2020, the U.S. Small Business Administration (SBA), in consultation with the Department of Treasury, announced the…
SOC For Supply Chain AuditCOVID-19 Insights
May 18, 2020

AICPA releases SOC for Supply Chain reporting framework

As anticipated, the American Institute of Certified Public Accountants (AICPA) recently released new guidance for the System and Organization Controls…
IRS Expands FAQ on Employee Retention Credits CARES Act
May 15, 2020

IRS Expands FAQ on Employee Retention Credits

On April 29, 2020, the Internal Revenue Service (IRS) offered additional guidance on the employee retention credit (ERC) by significantly…
Managing your control environment in the midst of a pandemic COVID-19 Insights
May 11, 2020

Managing your control environment in the midst of a pandemic

The spring of 2020 is marked by the unprecedented level of disruption to our normal lives and day-to-day processes as…
R&D tax credits as part of the COVID-19 relief strategy for start-ups CARES ActCOVID-19 InsightsR&D Tax Credit
May 8, 2020

R&D Tax Credits as Part of the COVID-19 Relief Strategy for Start-ups

If you are a start-up or small business and you are eligible to claim a research & development (R&D) tax…
Transfer Pricing During COVID-19 COVID-19 InsightsInternationalTransfer Pricing
May 7, 2020

Assessing Your Transfer Pricing Policies in a COVID-19 Environment

The COVID-19 pandemic has created a public health crisis of international scale and severely disrupted countries around the globe. On…
Having trouble getting a PPP loan? Fintech may be the way to go. CARES Act
May 6, 2020

Having trouble getting a PPP loan? Fintech may be the way to go.

By now you have likely heard of the Paycheck Protection Program (PPP), an aid program administered by the U.S. Small…
The Importance of E-Commerce in a Post-Pandemic World COVID-19 Insights
May 4, 2020

The Importance of E-Commerce in a Post-Pandemic World

As we all navigate the everyday challenges presented to us during the coronavirus pandemic, it is important to not only…
The CARES Act Temporarily Reintroduces NOL Carrybacks CARES Act
April 28, 2020

The CARES Act Temporarily Reintroduces NOL Carrybacks

Published: April 28th, 2020 at 3:18 PM PST | Updated: June 2nd, 2020 at 12:00 PM PST As we continue…
Congress Passes New Bill Delivering Funding to Small Businesses CARES ActCOVID-19 Insights
April 24, 2020

Congress Passes New Bill Delivering Funding to Small Businesses

As anticipated, the U.S. Congress has passed a new coronavirus aid bill to provide relief to small businesses, hospitals and…
Cybersecurity Tips COVID-19 Insights
April 23, 2020

Important Cybersecurity Tips While Working Remotely

Remote work presents unique challenges for cybersecurity because remote work environments do not usually have the same safeguards as in…
Employee Retention Credit CARES Act
April 22, 2020

Utilizing the Employee Retention Credit

Published: April 22nd, 2020 at 8:12 AM PST | Updated: May 15th, 2020 at 10:22 AM PST For more up-to-date…
Maximizing PPP Loan Forgiveness CARES Act
April 17, 2020

Maximizing PPP Loan Forgiveness

Published: April 17th, 2020 at 1:49 PM PST | Updated: May 13th, 2020 at 12:02 PM PST For more information…
Qualified Improvement Property | Goodbye 'Retail Glitch,' Hello Bonus Depreciation CARES Act
April 16, 2020

Qualified Improvement Property: Goodbye ‘Retail Glitch,’ Hello Bonus Depreciation

The Coronavirus Aid, Relief, and Economic Security (CARES) Act passed at the end of March introduced provisions of economic relief,…
Reviewing Business Insurance Policies during the COVID-19 Pandemic COVID-19 Insights
April 16, 2020

Reviewing Business Insurance Policies during the COVID-19 Pandemic

As government-ordered shutdowns spread throughout the country, many businesses began to review their insurance policies to assess the types and…
CARES Act: Business Tax Provisions CARES Act
April 10, 2020

CARES Act: Business Tax Provisions

On March 27, 2020 Congress officially passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act. With a $2.2. trillion…
COVID-19: Relief at the State and Local Level CARES Act
April 10, 2020

COVID-19: Relief at the State and Local Level

While much has been made about the federal tax adjustments and provisions to provide relief during the coronavirus pandemic, there…
COVID-19 and Cannabis CannabisCOVID-19 Insights
April 9, 2020

The Impact of the COVID-19 Outbreak on the Cannabis Industry in the U.S.

“Our supervisor came into the break room and said he just sold $1,500 worth of edibles to one customer.” –…
International Relief Measures COVID-19 InsightsInternational
April 8, 2020

Countries Around the World Implement Economic Relief Measures

Published: April 8th, 2020 at 10:10 AM PST | Updated: April 27th, 2020 at 12:39 PM PST Please note: The…
How the coronavirus affects global mobility, tariff and regional footprint issues COVID-19 InsightsInternational
April 8, 2020

How the COVID-19 Crisis Impacts Tax and Trade

The primary focus of many US companies directly affected by the novel coronavirus, COVID-19, is the facilitation of employee health…
Ensuring Compliance during COVID-19 COVID-19 Insights
April 7, 2020

Ensuring Compliance during COVID-19

Earlier this month, the Office of Management and Budget (OMB) issued two memos, M-20-11 and M-20-17, to assist organizations with…
Strategies for the Food & Beverage Industry During the COVID-19 Outbreak COVID-19 InsightsManufacturing and Distribution
April 3, 2020

Strategies for the Food & Beverage Industry During the COVID-19 Outbreak

As with other industries, the food & beverage sector is feeling the impact of the coronavirus outbreak in a number…
CARES Act Provides COVID-19 Impact Relief for Nonprofits CARES ActNot-for-Profit
April 3, 2020

CARES Act Provides COVID-19 Impact Relief for Nonprofits

On March 27, 2020, the House passed and the president signed the $2.2 trillion Coronavirus Aid, Relief, and Economic Security…
CARES Act: Individual Implications CARES Act
April 3, 2020

CARES Act: Individual Tax Implications

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security (CARES) Act, H.R. 748, passed through Congress and received…
COVID-19 Relief Funds for Not-for-Profit Organizations COVID-19 InsightsNot-for-Profit
April 3, 2020

COVID-19 Relief Funds for Not-for-Profit Organizations

As not-for-profit organizations struggle to react to COVID-19, many community foundations have created COVID-19 relief funds. While the funds may…
CARES Act - Key Takeaways CARES Act
March 31, 2020

CARES Act: Key Takeaways

On March 27, U.S. Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act and President Donald Trump subsequently…
Family Businesses in the Wake of the COVID-19 Outbreak COVID-19 Insights
March 27, 2020

Family Businesses in the Wake of the COVID-19 Outbreak

While large companies like Apple, Macy’s and Nike have closed their stores nationwide, they can likely survive without sales for…
Construction & EngineeringCOVID-19 Insights
March 27, 2020

Planning for the COVID-19 Impact in the Construction & Engineering Industry

There is a collective understanding that the novel coronavirus, COVID-19, has had a devastating impact on the US economy. While…
Congress Passes Largest Stimulus Bill in American History CARES Act
March 27, 2020

Congress Passes Largest Stimulus Bill in American History

Following a successful House vote on Friday afternoon, President Donald Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES)…
AICPA Provides COVID-19 Financial Reporting Guidance COVID-19 Insights
March 26, 2020

AICPA Provides COVID-19 Financial Reporting Guidance

As the coronavirus outbreak wreaks havoc on businesses across the country and throughout the world, financial statement preparers and CPA…
Importance of Cash Flow and Liquidity During a Crisis COVID-19 Insights
March 26, 2020

Importance of Cash Flow and Liquidity During a Crisis

As the fallout from the novel coronavirus, COVID-19, outbreak continues to devastate the American and global economies, many companies are…
COVID-19: Key Areas of Financial Focus for Not-for-Profit Organizations COVID-19 InsightsNot-for-Profit
March 23, 2020

COVID-19: Key Areas of Financial Focus for Not-for-Profit Organizations

COVID-19 is proving to be one of the most significant disruptors to the business world in recent memory. The not-for-profit…
COVID-19 InsightsManufacturing and Distribution
March 20, 2020

Overcoming the Impact of COVID-19 on Manufacturing & Distribution

Many industries are already feeling the devastating effects of the coronavirus outbreak. Across the country manufacturers and distributors are working…
COVID-19 Insights
March 20, 2020

FTB Extends Tax Deadlines for All Californians

The Franchise Tax Board (FTB) announced special tax relief for California taxpayers due to the COVID-19 pandemic. Per the announcement,…
Tax Day Moved to July 15 | US Treasury COVID-19 Insights
March 20, 2020

US Tax Filing Deadline Extended to July 15

Published: March 20th, 2020 at 10:32 AM PST | Updated: March 23rd, 2020 at 9:45 AM PST On Friday, March…
Small Business Tax Credit Relief COVID-19 Insights
March 19, 2020

Coronavirus Relief Bill Includes Small Business Tax Credits

On Wednesday, March 18, 2020, the U.S. Senate passed the Families First Coronavirus Response Act (the "Act"). The bill includes…
COVID-19 Insights
March 19, 2020

Six Strategies for Working at Home During the COVID-19 Crisis

Throughout the COVID-19 outbreak, many companies are suggesting – even requiring – that more employees work from home. Those in…
COVID-19 Insights
March 18, 2020

President Signs Coronavirus Relief Bill

Published: March 18th, 2020 at 2:41 PM PST | Updated: March 19th, 2020 at 10:10 AM PSTOn Wednesday, March 18,…
COVID-19 Insights
March 18, 2020

Treasury and IRS Delay Tax Payment Deadline

NOTE: Since publication, the government has issued changes to the tax filing deadline. More up-to-date information is available here.On Tuesday,…
Federal Tax Payment Relief COVID-19 Insights
March 17, 2020

Federal Tax Payment Relief

Treasury Delays April 15 Payment Deadline The Treasury Department and the IRS have announced an extension for the payment of…
COVID 19 Recovery Strategies - San Francisco Skyline COVID-19 Insights
March 17, 2020

Taking Action and Planning for a COVID-19 Recovery

The World Health Organization (WHO) declared COVID-19 a public health emergency of international scale. COVID-19 is a situation unlike one…
COVID-19 Insights
March 17, 2020

COVID-19 Update – March 17, 2020

As the impact of COVID-19 increases, we want to inform you about the Firm-wide precautions we are taking to protect…
COVID-19 Insights
March 16, 2020

COVID-19 Update – March 16, 2020

As the impact of COVID-19 increases, we want to inform you about the Firm-wide precautions we are taking to protect…