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Illinois Introduces Tax Credit to Offset the Increased Minimum Wage
On January 1, 2020, the IL minimum wage increased from $8.25 to $9.25 per hour. A second increase, to $10.00 per hour, begins on July 1,...
2 min read
Changes to the Paycheck Protection Program
Last week, the President signed into law the Paycheck Protection Program Flexibility Act (PPPFA) relaxing the rules regarding the use of...
2 min read
Lease Modifications – Understanding the Implications to Your Financial Reporting
It’s important to understand that any changes to your current lease agreements may have implications on your financial reporting under gener
2 min read
The Good News – You Received a PPP Loan! The Bad News – Were You Really Eligible?
On Friday, April 24, 2020, the SBA issued new rules regarding the PPP loan program, one area of which focuses on borrower eligibility. ...
2 min read
Steps for PPP Loan Forgiveness
If you received a PPP loan, here is what you need to know - track and document everything. Keep detailed records of your expenses! ...
4 min read
COVID-19 Relief for Student Loan Borrowers
The recently issued Coronavirus Aid, Relief, and Economic Security (CARES) Act provides relief for most student borrowers (Section 3513...
1 min read
