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The Small Business Administrator Jovita Carranzaand U.S. Treasury Secretary Steven Mnuchin recently announced that recipients of Paycheck Protection Program (PPP) loans of $2 million or more should expect an audit if they apply for loan forgiveness. Here are some tips to position your small business… Read more

Tags: Fraud

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Could your organization be the next victim of fraud in an increasingly tense global marketplace? No one wants to believe that their trusted employees would steal assets or manipulate financial information for criminal purposes. But fraud is more common — and costly — than you might think, especially…

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Tags: Covid

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WASHINGTON—Today, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application and detailed instructions for the application.

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Summary: Paycheck Protection Program (PPP) Expenditures Under the CARES Act

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In the wake of this unprecedented time, Fust Charles Chambers LLP understands that it may be challenging to have the appropriate resources available to provide the required attention on both operational issues and impending concerns regarding your business continuation.

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Nicole is a Partner in the Firm’s Tax Department. She has more than 20 years of experience in the public accounting industry where she specializes in ASC 740 financial reporting and federal, state and international tax planning and compliance.

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Tags: Consulting

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The Administrator of the Department of Labor’s Wage and Hour Division (WHD) periodically responds to new Family Medical leave Act (FMLA) compliance questions from employers and employees. Notable ones are posted for the benefit of people facing similar situations. Here’s a sampling.

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Tags: Tax

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In an era of uncertainty, you can count on one thing: Time marches on. While you can’t beat Father Time, you can prepare for these age-related tax and financial planning milestones as you and your loved ones grow older.

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Tags: Tax

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Under current tax law, medical expenses can be deducted as an itemized deduction on your federal income tax return only to the extent that they exceed 7.5% of adjusted gross income (AGI). This AGI threshold was in place for 2017 and 2018 under the Tax Cuts and Jobs Act (TCJA). And now it’s been…

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