News & Blogs
CDH NewsEveryone Qualifies for R&D? Or Do They?
by Michael Warady | Jun 23, 2020 | Tax Services - R&D Tax Credit
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...
Why Nonprofits Flock to Sage Intacct
by Phillip Lampugnano | Jun 23, 2020 | Sage Intacct, Tech Blog
“It’s easy, it’s powerful, it’s cost effective, and the reporting is really flexible” That’s how Don Miller, Chief Financial and Administrative Officer for Meals on Wheels, describes the financial management solution Sage Intacct. Despite that praise, however, the...
Strategies and Tools for SaaS Finance Leaders
by Phillip Lampugnano | Jun 15, 2020 | Sage Intacct, Tech Blog
Please be our guest for the SaaS Success Series! Join us online for a complimentary 4-week series for SaaS finance leaders focused on how we can lead our organizations out of crisis and re-ignite growth. SaaS experts and SaaS finance leaders throughout the country...
PPP Flexibility Act Signed Into Law
by Bernie Lietz | Jun 8, 2020 | COVID-19 Resources, News
The Paycheck Protection Program Flexibility Act was signed into law on June 5, 2020. The Act amends the Paycheck Protection Program (PPP) to give businesses an extended period to spend the loan proceeds in addition to other more lenient conditions to qualify for...
PPP Loan Forgiveness Application Update
by Bernie Lietz | May 19, 2020 | COVID-19 Resources, News
May 19,2020 The Small Business Administration (SBA) has released the Paycheck Protection Program Loan Forgiveness Application and Instructions. The documents released on May 15, 2020 will help small businesses seek forgiveness at the conclusion of the eight week...
Anixter Testimonials
by Frank Therrien | May 18, 2020 | Tech News, Testimonials
"With CDH's implementation of Sage Intacct dashboards, our CEO, VP's and Directors now have access to real time data to make more timely, informed decisions." — Jennifer Johnson, Sr. Director of Financial Reporting & Analysis, Anixter Center
The Impact of Initial Design
by Frank Therrien | May 18, 2020 | Sage Intacct
May 18, 2020 There’s a difference between wanting to check your email, Facebook notifications and spending your time well. Years ago business people were addicted to Blackberries, now they are addicted to their iPhone. Today designers need to consider the downstream...
2020 Best Places to Work in Illinois
by Bernie Lietz | May 18, 2020 | News
May 18, 2020 CDH, P.C. was recently named as one of the 2020 Best Places to Work in Illinois. The awards program began in 2006 and is promoted by The Daily Herald Business Ledger in partnership with the Illinois Chamber of Commerce, MRA-The Management Association, the...
CFO 3.0 – Are You There Yet?
by Phillip Lampugnano | May 18, 2020 | Accounting Services
May 18, 2020 What makes today’s CFOs different from the finance experts of the past? Data, primarily. In the era of CFO 1.0, the goal was collecting as much data as possible to figure out what was going on. After the evolution to CFO 2.0, the focus shifted to...
Safe Harbor Deadline for Repayment of PPP Loans Extended to May 14
by Bernie Lietz | May 6, 2020 | COVID-19 Resources, News
On May 5, 2020, the U.S. Treasury Department extended the deadline to repay PPP loans from May 7 to May 14 with the addition of FAQ #43. As advised in our previous communication, please consider your options if you are not confident that you can complete the...
Important Information Regarding PPP Loan Certification
by Bernie Lietz | May 5, 2020 | COVID-19 Resources, News
May 4, 2020 To our clients and community, Recent news regarding the Paycheck Protection Program (PPP) related to the Small Business Administration’s (SBA) scrutiny of businesses applying for a loan has raised serious concerns for many companies. We want to keep...
Paycheck Protection Program (PPP) Update: IRS Notice 2020-32
by Bernie Lietz | May 1, 2020 | COVID-19 Resources, News, Tax Services
The IRS issued Notice 2020-32 on the evening of April 30, 2020 to clarify the tax deductibility of expenses paid with loan proceeds from the Paycheck Protection Program (PPP) as part of the Coronavirus Aid, Relief, and Economy Security Act (CARES Act). Businesses...
CARES Act: Employer Payroll Tax Deferrals
by Bernie Lietz | Apr 29, 2020 | COVID-19 Resources, News
You may have filed an application for a Paycheck Protection Program (PPP) loan, but there is another option in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that you can start taking advantage of right now. It is the deferral of the employer’s portion...
Paycheck Protection Program (PPP) Revived
by Bernie Lietz | Apr 24, 2020 | COVID-19 Resources, News
Pandemic relief efforts have been revived today, as the U.S. government passed a rescue package totaling $484 billion to help small businesses and hospitals, and expand COVID-19 testing. The package includes an additional $310 billion for the Paycheck Protection...
Paycheck Protection Program (PPP) Initial Funding Depleted
by Bernie Lietz | Apr 17, 2020 | COVID-19 Resources, News
The U.S. Small Business Administration (SBA) announced on Thursday morning the Paycheck Protection Program (PPP) funds of $349 billion have been depleted. More than 1.6 million applications had been approved in just under 2 weeks. Thousands of business owners must now...
Your Year-End Financials: Overcoming Information Deficits in 2020 (Part 2)
by Phillip Lampugnano | Mar 30, 2020 | Accounting Services
Your Year-End Financials: Overcoming Information Deficits in 2020 This is the second article in a two-part series focused on the year-end close process. Businesses are examining their 2019 numbers and making plans for 2020. In the first part of this series, we...
Coronavirus Update: Answers to the 5 Most Common HR Related Questions
by Bernie Lietz | Mar 30, 2020 | COVID-19 Resources, Human Resources, News
Small business community members are more alike than different when it comes to our desire to take care of each other during this time of uncertainty. As leaders of small businesses try to navigate their way through Governors’ Executive Orders, sweeping stimulus...
Coronavirus Update – Upcoming Office Closures
by Bernie Lietz | Mar 20, 2020 | COVID-19 Resources, News
March 20, 2020 To our clients and community, I want to provide an update on our evolving response to the coronavirus outbreak. Please be assured that CDH is taking all necessary precautions to ensure the use of best practices for minimizing the risks for our team,...
Coronavirus Tax Relief
by Bernie Lietz | Mar 19, 2020 | COVID-19 Resources, News
March 18, 2020 To our clients and community, In response to the COVID-19 pandemic affecting our nation in unprecedented ways, the U.S. Treasury Department announced the IRS is postponing the April 15 income tax payment deadline by 90 days. Individual taxpayers may...
A Message To Our Community about Coronavirus
by Wendy Kelly | Mar 13, 2020 | COVID-19 Resources, News
March 13, 2020 To our clients and community, At CDH, the health and safety of our team, clients, and community are always a top priority. Amid the growing concerns around COVID-19, we want to assure you that CDH is closely monitoring the situation and taking...
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