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New York State to Conform to Federal Rules and Not Tax Forgivable PPP Loans
By Richard J. Wright, Jr. CPA on January 15, 2021

In a surprising announcement, New York State has provided updated guidance that they will now conform and adopt the federal rule contained within the CARES ACT and not tax forgivable PPP...

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Employee Retention Credit: 2021 Update
By Jonathan Tretter, CPA on January 12, 2021

If you are an employer that had a significant decline in gross receipts over the last 12 months or faced full or partial mandatory closure by government order, then the Consolidated...

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Consumer Financial Protection Bureau Finalizes Ability to Repay and Qualified Mortgage Rules
By Bruce Rumbold, CCBCO on January 12, 2021

The Bureau of Consumer Financial Protection (still the CFPB) has finalized long-coming rules around Ability to Repay (ATR) and Qualified Mortgages (QM) under Truth in Lending (Reg Z)...

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PPP Reopening: Round 1 and Round 2 PPP Loan Updates
By Richard J. Wright, Jr. CPA on January 11, 2021

Here is what we know about the PPP reopening: PPP Round 1 loans will reopen to those businesses that have not yet received a PPP loan on Monday, January 11. For the first 2 days, the SBA...

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3 Common Business Valuation Methods
By Joe Aquino, CPA, CVA on December 3, 2020

If you watch a television show like Dancing With The Stars or America’s Got Talent, it may seem that the judges’ scores are arbitrary and subject to interpretation that our untrained eyes...

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Key Service Provider Assessment and Monitoring: Methods to Periodically Assess Third-Party Risk
By Maria Sciarrino, CPA on August 3, 2020

When it comes to managing third-party risk, most organizations already have a formal due diligence process for evaluating potential vendors. Having an established vetting process in place...

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