News & Blogs
CDH NewsThe Top Five Limitations of QuickBooks
Aug 20, 2020 | Tech Blog
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 Expands Technology Solutions Practice with Acquisition
Jul 21, 2020 | News, Tech News
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
Jul 9, 2020 | Assurance, COVID-19 Resources
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
Jul 1, 2020 | Assurance, COVID-19 Resources, News
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
Jun 23, 2020 | Sage Intacct
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?
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
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
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
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
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
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
CFO 3.0 – Are You There Yet?
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...
The Impact of Initial Design
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
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...
Safe Harbor Deadline for Repayment of PPP Loans Extended to May 14
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
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
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
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
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
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...
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