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Recent Financial Reporting Articles

Stay on Top of Potential PPP Tax Concerns & Solutions

Stay on Top of Potential PPP Tax Concerns & Solutions

By Daniel R. Steinmeyer, MBA, CPA December 7, 2020

This year’s Paycheck Protection Program (PPP) was a life preserver for many companies and for-profit organizations, as well as their employees, as the COVID-19 pandemic ramped up and businesses were forced to close. But there are some potential tax considerations for business owners and pass-through entities regarding the loan program…

A Primer on Institutional HEERF Grant Reporting

A Primer on Institutional HEERF Grant Reporting

By David B. McClintock, CPA October 20, 2020

No tricks, a major deadline looms for postsecondary educational institutions just before Halloween. The first round of quarterly reporting for the institutional portion of the Higher Education Emergency Relief (HEERF) Grant is due October 30, meaning institutions cannot delay in preparing and posting their reports. Check out this rundown concerning…

PPP Loans and HEERF Grants: A Guide to Accounting, Reporting and  Composite Score Considerations

PPP Loans and HEERF Grants: A Guide to Accounting, Reporting and Composite Score Considerations

By Thomas R. Wilson, CPA October 16, 2020

This article was original published in the September 2020 issue of Career Education Review and reproduced here with permission.  Article originally posted at careereducationreview.net. As the COVID-19 pandemic and a difficult 2020 continues, postsecondary institutions have to make significant decisions concerning the emergency aid that helped them through the spring…