May 27, 2020

Important Clarification to the PPP Loan Forgiveness Application Process

Last week, the U.S. Treasury Department released extensive new guidance regarding loan forgiveness for businesses participating in the Paycheck Protection Program (PPP). Much of the guidance focused on the application process and instructions for completing the on-line form. In this article, we offer some important clarifications to specific points in the loan forgiveness application and…

May 23, 2020

SBA Disaster Loans: A 3-Step Guide

March 23 – If your business has been impacted by the COVID-19 crisis, you may well be eligible for a disaster loan from the U.S. Small Administration. Applying for one is a relatively simple process; for a step by step guide to the process or specific instructions on how to complete an application, click on…

May 14, 2020

From Intern to Accountant: Finding Your Path

I was born in Mexico and moved to Palatine when I was 12. I got an accounting degree from University of Illinois at Chicago – I was the first in my family to graduate from college. I wasn’t sure what type of accounting I wanted to do. I thought audit, but when I got an…

May 9, 2020

Hitting a Home Run: Working with Clients on Day One

In college, I knew I wanted to get a degree in business, but early on I really did not know exactly what specific degree was for me. Eventually, through a little soul searching and a few accounting classes, I decided accounting was for me. I played baseball, and because of my schedule I couldn’t participate…

May 7, 2020

IRS FAQ regarding pandemic-related relief for retirement plans and IRAs

A key section of the CARES Act is devoted to special provisions for retirement plans and IRAs, particularly regarding distribution options, rollover rules, and early withdrawal penalties. New IRS guidance about these provisions is expected shortly and will be covered here in our Coronavirus News & Information Center. In the meantime, we’ve included a link…