Monthly Archives: March 2020

Targeted Small Business Sole Operator Fund

By |2020-03-31T07:41:37-05:00March 26th, 2020|Uncategorized|

  A fund has been created to support Targeted Small Businesses (TSB) with zero employees that have been economically impacted by the COVID-19 pandemic. The program offers eligible small businesses grants ranging from $5,000-$10,000 to businesses that are sole proprietors or single-member LLCs that are also TSB certified, or have an application submitted to the Iowa Economic [...]

Family and Medical Leave Act (FMLA) expanded to provide relief to those affected by COVID-19

By |2020-04-02T11:53:19-05:00March 25th, 2020|TDT|

  “The Families First Coronavirus Response Act” (FFCRA), which goes into effect April 2, 2020 and expires December 31, 2020, responds to the coronavirus outbreak by providing additional assistance in the areas of COVID-19 testing, sick leave, food assistance, and more. We’ve compiled key details of FFCRA that we believe you need to know. In [...]

Your Accountant Left – Where to Go from Here?

By |2020-04-01T16:06:13-05:00March 24th, 2020|Advisory, Assurance, Budget, Change, Internal Control, Nonprofit|

  In the current economic and social climate, turnover is inevitable. Talented people land different jobs, move away, or retire. When turnover happens in your accounting department, most organizations experience some uncertainty and concern over the accounting function. You may wonder “how will we produce our financial reports next month?” or “how can we do [...]

New Lease Accounting Standard: Is Your Organization Prepared?

By |2020-03-31T14:18:42-05:00March 17th, 2020|Accounting, Assurance, Change, FASB, Lease|

  In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 – Leases (Topic 842), which contains substantial changes in the accounting for leases by lessees: organizations which lease assets. The new lease accounting guidance will require lessees to record an asset and liability on the statement of financial position [...]

COVID-19 Updated 9.25.2020

By |2020-09-25T09:42:00-05:00March 16th, 2020|TDT|

  Paycheck Protection Loan Forgiveness Applications There’s been a lot of chatter regarding the need for borrowers to complete their Paycheck Protection Program (PPP) loan forgiveness applications. While you may be anxious to apply for forgiveness, here are a few reasons why borrowers may not want to rush the forgiveness application process: Application Could Be [...]

Evaluating Deal Structures For a Business Transition

By |2020-03-31T14:18:48-05:00March 3rd, 2020|Advisory, Business Valuation, Change, Gifts, Preparation, Succession Planning, Tax Planning|

  The time has come to begin transitioning out of the business you’ve spent your life building, but where do you begin? Whether you are selling to family, current employees, or an outside party, there are several deal structures to evaluate. We’ll discuss things to consider with various structures but always encourage you to establish [...]

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