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CDH News
2024 Update: Essential Guide to International Inheritance for U.S. Residents
This article is written with Cross-Border persons in mind, especially Japanese nationals who are U.S. green card holders, but there are some points of reference for U.S. green card holders who receive their heritage from their home country. U.S. permanent...
Announcement: CDH, P.C. is Now CDH CPA, PLLC
We are excited to announce that effective July 1, 2024, CDH, P.C. will be changing its name to CDH CPA, PLLC. Please note that while our name is changing, our commitment to you remains the same. The only significant changes you will notice are: 1.The company...
Navigating the Updated Employee Retention Credit for Taxes
The Consolidated Appropriations (CCA) Act of 2021, signed into law on December 27, 2020, changes the employee retention credit. Some of the changes retroactively modify the Coronavirus Aid, Relief, and Economic Security (CARES) Act, while others are prospective...
American Rescue Plan Act and How it Impacts Businesses
On March 11, Congress instituted the latest Coronavirus (COVID-19) relief fund, the American Rescue Plan Act of 2021. This plan includes a total of $6 trillion in economic relief. Many plan provisions provide aid if...
Coronavirus Small Business Relief Update
Second Draw Payroll Protection Program Loans and First Draw Forgiveness Businesses continue to face unprecedented economic hardship due to the Coronavirus (COVID-19) outbreak. To assist, the Coronavirus Aid, Relief and Economic Security (CARES) Act has provided...
IRS Rulings on Paycheck Protection Program and Its Tax Impacts
The recent IRS rulings of Revenue Procedure 2020-21 and Revenue Ruling 2020-27 may impact businesses' ability to deduct the funds given under the Paycheck Protection Program (PPP), provided to create relief during the pandemic.On November 18, the IRS remarked the...
Sage Intacct: Accomplishing What QuickBooks Can’t
When companies decide to leave QuickBooks, few people object. Have you reached the expiration date on your accounting software?
The Paperless Office: A New Priority for Healthcare Finance Units
The coronavirus pandemic has been hard for healthcare finance teams trying to exchange paper documents while working remotely. Here’s the simple solution.
Ditching QuickBooks: Why No One Will Miss It
When companies decide to leave QuickBooks, few people object. Have you reached the expiration date on your accounting software?
COVID-19 Relief: FASB Approves Delays in Certain Accounting Updates
The Financial Accounting Standards Board (“FASB”) is providing some relief to private companies affected by COVID-19 by approving a delay in the implementation of certain accounting standards. The FASB acknowledges that many non-public business entities rely heavily...
The Healthcare Hangout is Back!
The Healthcare Hangout is Back!We’ve spent the last few weeks working on bringing you more great content. New sessions have been added to the Healthcare Hangout online series which will start on September 17 and run through the end of 2020. Join us online for...
Are You Ready to Apply for PPP Loan Forgiveness?
Are You Ready to Apply for PPP Loan Forgiveness?Ever since the CARES Act was signed into law on March 26, 2020, followed by the enhancements provided by the Paycheck Protection Flexibility Act signed into law on June 5, 2020, there have been a flood of FAQs and...
COVID-19 Payroll Tax Deferral Update
On August 8, 2020, President Trump issued an executive order to defer the withholding, deposit, and payment of the tax employees pay towards Social Security starting September 1 through December 31, 2020. The order affects employees whose biweekly pay is below $4,000...
The Top Five Limitations of QuickBooks
For many small and mid-sized businesses, Intuit QuickBooks is usually the first choice for financial software in the organization’s early days – and for good reasons. QuickBooks is well-known and very easy to use, and it offers the basic functionality that almost any...
CDH Principal Named to 2020 Notable Minorities in Accounting, Consulting & Law by Crain’s Chicago Business
Prestigious list honors CDH leader’s efforts with Japanese individuals living in the United States ITASCA, IL (December 17, 2020)— Hikaru (Koh) Fujimoto, Principal and former Managing Principal of CDH, P.C. (CDH), was recognized as one of the 2020 Notable...
CDH Expands Technology Solutions Practice with Acquisition
For Immediate Release CDH Acquires ADS Business Intelligence; Strengthens Its Position in the Technology Industry Itasca, IL – July 21, 2020 – Leading international accounting and consulting firm CDH, P.C. announces acquisition of cloud solutions provider, ADS...
Pandemic Effects on Accounting for AR and Inventory
The COVID-19 pandemic has had significant impact on businesses and the economy. While the full extent and duration remains unclear, how the pandemic affects the accounting of accounts receivable and inventory needs to be considered. Collectability of Accounts...
Accounting for Forgivable Loans
Congress established the Paycheck Protection Program (PPP) to provide relief for small businesses as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES), and there have been a lot of questions and uncertainty around the program. The AICPA has...
Improve Data Analysis for Better Business Decisions
One of the best examples of something gone terribly wrong is New Coke. In 1985 Coke decided to change the iconic formula of Coke to re-energize the brand and battle with Pepsi to take more market share. Based on taste tests of nearly 200,000 it was decided that the...
Everyone Qualifies for R&D? Or Do They?
Everyone Qualifies for R&D. Really? That would be the best statement ever, if only it were true. I’ve been in the tax consulting business for over 15 years and have met with thousands of companies across the country, some considered to be the most innovative in...
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