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...
Assurance | COVID-19 Resources | News
PPP Flexibility Act Signed Into Law
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
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...
2020 Best Places to Work in Illinois
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...
Safe Harbor Deadline for Repayment of PPP Loans Extended to May 14
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
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
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
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
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
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...
Coronavirus Update: Answers to the 5 Most Common HR Related Questions
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
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
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
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...
Wendy Kelly Named CDH CEO and Managing Principal
Itasca, IL, October 1, 2019 – CDH announced today that its leadership team has unanimously selected Wendy Kelly as the next CEO and Managing Principal effective October 1, 2019. Kelly joined CDH in 2010 with over 20 years of public accounting experience and had most...
CDH Announces Expansion with New Japan Office
Itasca, IL – September 5, 2019 – Leading international accounting and consulting firm CDH expands with a new office location in Nagoya, Japan. With this expansion, CDH joins the global arena with a physical presence. The opening of this office strengthens the firm’s...
CDH Announces Principal and COO Promotions
CDH is pleased to announce the promotions of Riki Shah and Naoko Lech, both to Tax Principals. Riki Shah joined CDH in 2011 and specializes in individual, corporate, and pass-through income taxes. He devotes his time to both the domestic and international client base....
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