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The Benefits of Delayed Business Filings

CPA Practice

Timing is Everything In the complex world of small business finance and accounting, the strategic timing of business filings can be a game-changer. In addition, incorporating, of course, establishes their legal separation from the business’s liabilities sooner, which protects their personal finances from the business’s debts.

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Friday Footnotes: How Are Firms Actually Using Data Analytics?; KPMG and BDO on the Move | 9.15.23

Going Concern

Footnotes is a collection of stories from around the accounting profession curated by actual humans and published every Friday at 5pm Eastern. Happy National Leave Your Accountant the F**k Alone Day , everyone! The Public Company Accounting Oversight Board (PCAOB) will hold an open meeting on Tuesday, September 19, 2023, at 10:00 a.m.

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PPP Loan Forgiveness in 2022: Will You Have to Pay?

Snyder

It included a money aid, or PPP loan, for small businesses to cover payroll expenses when no revenue hits the balance. The loan-covered period comprised either 24 or 8 weeks, during which they could rely on the funds to cover their payroll costs. In 2020 the US government launched the Paycheck Protection Program.

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Treasury Dept. Issues Report Card on Programs for Entrepreneurs and Small Businesses

CPA Practice

Earlier this year, Hope Federal Credit Union, based in Mississippi , made a $10,000 small business loan to a Black- and woman-owned organic, fresh-roasted coffee distribution business based in Louisiana to expand operations. In Wichita, Kansas, SSBCI helped fund WorkTorch – a pioneering career platform for service workers.

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Legal analysis: Implications of state tax exclusion of overtime wages for employers and employees

ThomsonReuters

Checkpoint Payroll Update caught up with John Wertz, tax attorney and partner at Holland & Knight’s New York office, to discuss this first-of-its-kind law. Two state bills from Mississippi ( House Bill 224 ) and Wisconsin ( Assembly Bill 938 ) are dead in the water. Pitfalls of state tax proposals. Checkpoint Resources.