covid 19

How has COVID-19 Affected the Manufacturing Industry?

Reading Time: 3 minute The pandemic has caused severe financial and operational disruption in the manufacturing industry. Our industry experts have created and compiled several resources to help you tackle these challenges...
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Pandemic Affecting the Professional Services Industry

Reading Time: 2 minute The professional services industry is feeling the impact of the COVID-19 crisis in a variety of ways. Firms are adjusting to remote working and new client engagement models, all while navigating...
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Applying for the Expanded Employee Retention Credit

Reading Time: 2 minute The latest stimulus bill that passed in December 2020 provides for an expansion of the employee retention credit. Our previous communications covered the highlights of the bill, calculation of the...
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New Round of Grants for Olmsted County Businesses

Reading Time: 1 minute Rochester Area Economic Development, Inc. (RAEDI) announced they will oversee the Olmsted County State of Minnesota Small Business Relief Grant Program. Through this program, small business owners...
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PPP Update & What You Need to Know About the Employee Retention Credit

Reading Time: 3 minute The new relief bill provides support for businesses during the ongoing pandemic. Learn more about what this could mean for you regarding PPP loans and the Employee Retention Credit.
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Tax-Related Items from the Recent COVID-19 Stimulus Bill

Reading Time: 4 minute   Here is what you should know about the nre covid-19 stimulus package Late in the day on Monday, December 21, Congress passed a comprehensive stimulus package. There are several key tax-related...
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IRS Formally Clarifies PPP Expense Position

Reading Time: 1 minute The IRS issued Revenue Ruling 2020-27 on November 18th, formally denying the ability to deduct expenses related to PPP forgiveness. In the ruling, the IRS clarified the deduction for PPP expenditures...
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Paycheck Protection Program & Year-End Tax Planning

Reading Time: 1 minute In March of this year, Congress passed the CARES Act and provided funding for Paycheck Protection Program (PPP) Loans. Many of you took advantage of the provisions afforded you related to PPP and the...
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LIVE WEBINAR RECORDING: COVID-19 Accounting Changes

Reading Time: minute On October 6, 2020 we held a free webinar discussing how COVID-19 has changed business standards such as revenue recognition, leases, and accounting for PPP loans. You can click the video below to...
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