NEW FEDERAL ASSISTANCE FOR FARMERS

USDA detailed the Coronavirus Food Assistance Program on May 19, 2020. FSA will begin accepting applications on Tuesday, May 26th. I have many farmer clients & some of you have been [...]

Common Stimulus Check Questions

Thanks to the CARES Act, stimulus checks were issued by the Internal Revenue Service beginning in April to help millions of Americans during the COVID-19 outbreak.  Due to the urgency and need [...]

Huge News For Farmers!!!

Huge News for Farmers!!!  Farmers:  you were previously excluded from the EIDL advances/loans.  But you can now apply for your EIDL.  The SBA opened the online SBA Disaster Loan Applications link [...]

ATTN Audit Clients!

News from the annual Governmental Audit Quality Center broadcast. Here are a few highlights: New Yellow Book and Single Audit reports are being developed and will be provided later this year. The [...]

Are PPP Forgiven Funds Taxable Income?

Last week the IRS issued a notice saying that PPP forgiveness is taxable income (essentially).  Now both sides of the political aisle are saying that the IRS didn’t read the law, that the [...]