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Accounting for Financial Instruments

The accounting treatment of investments is a complex area to understand, but the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update (“ASU”) in January 2016 in order to reduce the complexity of the original standard for financial...

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Real Estate Investing to Realize Financial Goals

Investing in real estate is one of the most beneficial modes for generating wealth and is known to be the best performing asset in modern times.  Owning real estate creates opportunities to generate cash flow, create avenues for effective wealth building and...

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Coronavirus Small Business Relief Update

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...

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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...

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COVID-19 Payroll Tax Deferral Update

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...

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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...

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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...

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