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CDH News

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...

Anixter 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

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

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?

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...

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

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 – 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...

Is Your Business Approaching a Tipping Point?

In the late 70’s Tandy/Radio Shack, Texas Instruments and Apple had the beginnings of a personal computer. Most were used for gaming and personal empowerment but most business people didn’t see the value add. It was a toy for hobbyists, hackers, and nerds. The tipping...

Your Year-End Financials: Managing Overhead Costs in 2020

This is the first in a two-part series focused entirely on the year-end close process. Businesses are looking back over the past year to decide how to proceed throughout the current. Making these decisions isn’t easy and the consequences run deep, which is why it’s so...

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