PPP Deadline Extension is Signed Into Law The Paycheck Protection Program (PPP) application deadline formally changed from March 31 to May 31, 2021, when the PPP Extension Act of 2021 was signed into law this week. The […]
Nonprofits: Heed these financial danger signs By: Helen Weeber Many nonprofits and not-for-profits are just starting to emerge from one of the most challenging environments in recent memory due to the COVID-19 pandemic. Even if your organization is in […]
Be careful when claiming “Made in USA” By: Anthony LaNasa Recently, the Federal Trade Commission (FTC) settled a lawsuit with a company it says made false and misleading claims about its consumer products. Specifically, the company advertised on its website […]
Fraud Lurks: In Your Employees By: Stanley Olejarski CPA CGMA We are all rightfully concerned about external schemes to defraud companies by would-be perpetrators wreaking havoc by hacking into our IT systems. However, the fact is the vast majority of […]
Need a new business vehicle? Consider a heavy SUV Are you considering buying or replacing a vehicle that you’ll use in your business? If you choose a heavy sport utility vehicle (SUV), you may be able to benefit from […]
Whistleblower policies protect both staffers and your nonprofit By: Helen Weeber According to the Nonprofit Times, only 41% of not-for-profits have whistleblower policies. Perhaps nonprofit leaders believe their organizations are too small or collegial to worry about illicit activities — let […]
New Ohio Tax Conformity Bill Passes Big tax news out of Columbus on March 24th. Ohio Legislature approved a tax conformity bill and voted to move the tax deadline to May 17th. Both items await Governor […]
The interview before the fraud interview By: Anthony LaNasa When Anna, the CEO of a small manufacturing company, received an anonymous report about fraud in the accounting department, she wasn’t sure how to act. After all, the complaint could […]
Is an S corporation the best choice of entity for your business? By: Kate Protsenko-Blake CPA Are you thinking about launching a business with some partners and wondering what type of entity to form? An S corporation may be the most suitable form of business for […]
More Economic Impact Payments: Watch Mail for Checks, Debit Cards The IRS announced the next batch of Economic Impact Payments will be issued this week. Many of these are coming by paper check or a prepaid debit card. How will […]
ARPA proposes to help “rescue” nonprofits By: Helen Weeber No one needs to tell nonprofit organizations how tough the past year has been. According to the John Hopkins Center for Civil Society Studies, 7.7% of not-for-profit workers — nearly […]
Divorce Fraud: When divorcing business owners minimize profits By: Anthony LaNasa Dividing a marital estate is rarely easy. But it’s made much harder if a divorcing spouse owns a private business and attempts to artificially deflate its profits or hide assets. […]