Ultimate Account Blog

Paycheck Protection Program Flexibility Act of 2020 Vlog

Walz Group CPA Principal Daniel T. Massey, CPA and Manager Benjamin J. Ritenour, CPA provide an update on the recently passed Paycheck Protection Program Flexibility Act, clarifications from interim final rulings, and the new loan forgiveness application and related instructions. Topics covered include: Paycheck Protection Program Flexibility Act of 2020…

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RECAP ON PPP LOAN FORGIVENESS APPLICATION AND PROCESS

On Wednesday, May 20, Walz Group hosted a complimentary webinar focusing on PPP Loan Forgiveness Application & Process. For a recording of this presentation, please visit our YouTube channel here: www.youtube.com/WalzGroup For slides: Observations from the Application For any follow-up questions, please refer to the last bit of the presentation…

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PPP Loans: Three Keys Areas

Principal, Dan Massey, CPA, and Manager, Ben Ritenour, CPA, are back with another video to review 3 key areas of the PPP Loans. Topics include: Taxability of PPP Forgiveness Scrutiny of PPP Loans Forgiveness for Employees Who Reject Re-employment Visit our YouTube channel for additional information on PPP Loans:…

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Walz Group PPP Loan Forgiveness Planning Tools Available

As we continue to work through the various aspects of the CARES Act and related PPP loans, many of you have been asking about the forgiveness components of the loans. We are here to help you plan for the coming weeks by offering our assistance and some tools for…

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Video – PPP Loans: An Initial Look at Loan Forgiveness

For a recording of our 4/14/2020 webinar focused on the loan forgiveness component of the Paycheck Protection Program (PPP) that was included as part of the CARES Act, check out our YouTube channel: https://www.youtube.com/WalzGroupPPPLoans Additional follow-up tools: Loan Forgiveness Talking Points Walz Group PPP Loans Presentation

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PAYCHECK PROTECTION PROGRAM LOANS FAQ’S

A new FAQ around the Paycheck Protection Program is here and provides a lot of information on several questions we have been hearing a lot of. Hoping this may bring clarity to all who have submitted applications and are waiting to hear if they have been approved. Once loans…

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Contingency Plans

Every work week has its challenges. This week and those leading up to it include consideration of the impact of the Coronavirus to everyone’s health and all business operations. As businesses aim to maintain a safe and healthy work environment, they will also strive to avoid disruptions to the…

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Coronavirus Affecting Tax Deadlines?

The AICPA has made strong recommendations regarding extending both the filing season and tax payments until October 15th. We don’t know if Congress will accept, modify or reject them nor do they necessarily represent our opinion as a firm. I see a lot of planning opportunities around these issues…

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IRS to Visit Taxpayers Who Have Tax Compliance Issues

The IRS has announced that it will begin visiting taxpayers who have ongoing tax compliance issues. The tax issue could be items such as missing tax returns or past due taxes. The IRS has stated that the visits would come after numerous contacts, by mail, with the individual or…

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Are FRF for SMEs the answer to new GAAP standards?

The new GAAP revenue recognition (effective for December 2019 year-ends) and lease accounting (effecting December 2021 year-ends) standards are causing concern with private companies. Concerns about their ability to implement the standards appropriately, the effect of the pronouncements on the financial statements to third-party users, and the time necessary…

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