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COVID-19 Updates: What You Need to Know

COVID-19 Updates: What You Need to Know

As COVID-19 (coronavirus) continues to spread throughout the New Orleans metropolitan area, we want to provide you with information on the precautions we are taking to protect the welfare and safety of our clients and staff while still providing the efficiency and quality you expect from Ericksen Krentel.

PPP Update on Good-Faith Certification, Loan Increases

PPP Update on Good-Faith Certification, Loan Increases

On May 13, 2020, the Small Business Administration (SBA) issued updated guidance on two different important Payroll Protection Program (PPP) topics.

Peer Reviews Extended for 6 Months; Offsite Work Still Possible

Peer Reviews Extended for 6 Months; Offsite Work Still Possible

CPA firms will be granted six-month extensions for peer reviews, corrective actions and implementation plans with original due dates between January 1, 2020, and September 30, 2020.

Charitable Contributions and Deductions Altered by CARES Act

Charitable Contributions and Deductions Altered by CARES Act

The Coronavirus Aid, Relief, and Economic Security (CARES) Act creates two new tax benefits for charitable contributions – and deductions – related to supporting nonprofits:

PPP Loan Forgiveness Will Hinge on Detailed Recordkeeping

PPP Loan Forgiveness Will Hinge on Detailed Recordkeeping

With eligible borrowers starting to receive approval and actual funding from the U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP), it’s time to begin the documentation process to ensure that loan will be forgiven.

Hurricane Season is (Almost) Here! Is Your Business Prepared?

Hurricane Season is (Almost) Here! Is Your Business Prepared?

Providing a little bit of effort early in the season can save you a lot of time and effort after disaster strikes.