IRS Strikes Back on PPP Loan ExpensesMay 1, 2020

In response to the Paycheck Protection Program loan forgiveness, the IRS on April 30, 2020 released Notice 2020-32. To keep it simple, if you have received loan proceeds under the PPP plan and the loan or portions of the loan are forgiven, the expenses associated with the loan forgiveness are not deductible. Initial understanding and …

The 5 Keys to a Great Business Relationship with Your AccountantOctober 31, 2019

Construction worker greeting a foreman at renovating apartment.

Maintaining success in the A/E/C industry requires more than simply delivering on projects. Owners have tax planning, compliance, cash flow management, employee benefits, and many other financial controls to put in place alongside estate and succession planning. You need more than number crunching from your accountant, including: 1. Time Your CPA should invest in learning …

Are Your Federal Tax Withholdings Accurate?August 8, 2019

Paying income tax Image

It’s in the books—the first tax season under the Tax Cuts and Jobs Act of 2017, that is. We knew a lot of what to expect from the new tax law, but one aspect that upset many taxpayers was the epic failure of the updated withholding tables. In other words, employers didn’t withhold enough. So …

Year-End Audit Preparation: 5 Quick TipsDecember 8, 2016

Year-end audit preparation is often synonymous with stress, but it doesn’t have to be. When managed properly, your annual audit can be minimally invasive of your time. Here are five simple things you can do to help your year-end audit go smoothly so that you can focus on other priorities and enjoy the holidays. 1. …

The Curchin Group’s Carolyn Kvalo Earns AICPA Intermediate Employee Benefit Plans Audit CertificateSeptember 8, 2016

The Curchin Group is continuously expanding its capabilities to provide its growing clientele with comprehensive accounting services. In August 2016, Curchin Partner, Carolyn Kvalo, CPA/CGMA, CFE, passed the American Institute of CPAs (AICPA) Intermediate Employee Benefit Plans Audit Certificate exam, earning a badge for her accomplishment. About the AICPA Intermediate Employee Benefit Plans Audit Certificate …