Overdrafts. We’ve all heard of them; most of us have had them sneak up occasionally. When a customer does not maintain a sufficient balance to cover a transaction, financial institutions…
Recent Insights
The Importance of Wealth Planning, Part 4: Investing in Something Greater
While the wealth planning journey involves numbers, figures and calculations, those elements are only the means to a more important end. Wealth planning lets individuals and families evaluate their present…
Accounting for PPP Loans: Two Approaches for Financial Statement Reporting
As the second quarter of 2020 draws to a close, many companies that received Paycheck Protection Program (PPP) loans are unsure of how to account for them on their financial…
Payroll Provider Questionnaire for COVID-19 Tax Credits
Between the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief and Economic Security (CARES) Act, there are a number of new tax credits available to provide support…
PPP Flexibility Act Eases Rules around Forgiveness and Use of Funds
The most significant update since the Paycheck Protection Program’s launch was signed into law on June 5, 2020. The PPP Flexibility Act eases the rules around use of this federal…