In the COVID-19-ravaged economy, debts can pile up beyond a borrower's ability to repay. Lenders sometimes may be willing to forgive (or cancel) debts that are owed by certain borrowers.

No matter what any of us have tried to accomplish in 2020, it certainly has been harder to achieve. That is the case for not-for-profit organizations, which depend on charitable giving to support their mission.

In anticipation of disruptions resulting from the Covid-19 Pandemic (Covid-19), on June 3, 2020, the Financial Accounting Standards Board (FASB) granted a one-year effective date delay for certain entities implementing the new lease accounting standard (Topic 842). 

Starting January 1, 2021 nearly all New York employers must offer paid sick leave to their employee under the recently enacted New York Labor Law. 

Many businesses have suffered financial losses due to the COVID-19 crisis. Some may even be on the verge of bankruptcy or otherwise looking for an exit strategy.

Business owners may often experience the “pit in their stomach” feeling when they assess the financial stability of their organizations.

Recently the SBA has updated its web page to reorganize their PPP Forgiveness FAQ’s section so that it is broken down into sections listed below

On August 29, the U.S. Department of the Treasury released Notice 2020-65 in response to President Trump’s executive order allowing employers to defer the employee share of Social Security tax (6.2%) withheld from September 1 through December 31, 2010. 

In prior blog posts, we have discussed the Benefits of Outsourcing, the Economics of Outsourcing, and Metrics that Matter. In and through these blogs, we have articulated a rationale for utilizing outsourcing – specifically accounting and finance – within an organization.

The economic fallout from the COVID-19 crisis will cause many rental real estate properties to run up tax losses in 2020 — and possibly beyond. Here's a summary of important federal income tax rules for such losses.

The novel coronavirus (COVID-19) pandemic has caused difficulties for millions of businesses — from family-owned restaurants and niche manufacturers to multinational airlines and oil companies.

Questions from employers and employees about coronavirus (COVID-19) pandemic are multiplying almost as fast as the virus itself. Employers need to rely on a combination of authoritative legal and medical advice, and their own common sense, to keep employees safe.

In this article, we will explore the potential cost savings that an organization may realize through outsourcing. The economic argument to consider outsourcing is quite compelling.

Webster’s Dictionary defines metrics as standards of measurement and, while these are fundamentally quantitative in nature, metrics can also be viewed as pieces and parts of a story.  In this article, we will discuss why metrics matter and how they play an important role in the story of a business.

Outsourcing - put simply - is looking outside of your organization for expertise. Organizations will often bring in external resources for knowledge in areas such as finance, law, HR, or payroll.

Pandemics on the scale of the current COVID-19 crisis don’t come along very often. But the damage they cause is almost impossible to escape.