This proposal is designed to better align hedge accounting with an organization’s risk management strategy. Read More about FASB Proposes Hedge Accounting Changes

The SBA informed lenders that the PPP general fund was out of money and that remaining funds are set aside for community financial institutions (CFIs). Read More about SBA Stops Accepting PPP Applications

IRS Notice 2021-23 expands the benefits of the “employee retention credit” (ERC) for 2021. Read More about Employee Retention Credit Update

The new safe harbor in IRS Rev. Proc. 2021-20 allows taxpayers to deduct expenses on their 2021 tax return rather than file amended returns or administrative adjustment requests. Read More about Expenses Paid with 2020 PPP Loans Deductible in 2021