SBA Issues Update First PPP Interim Final Rule Following PPP Flexibility Act

On June 10, 2020, the Small Business Administration (SBA) issued an updated interim final rule for the Paycheck Protection Program (PPP) in response to the PPP Flexibility Act passed on June 5, 2020. The updated guidance accounts for revisions made to the covered period, usage of funds changes, extended safe harbors, and more. Here is[ … ]

BeachFleischman Named a Best CPA Firm in Equity Leadership for Women

The 2020 Accounting MOVE Project recently named BeachFleischman a Best CPA Firm in Equity Leadership for Women. The 2020 Accounting MOVE Project recognizes the Best Public Accounting Firms for Women, and Equity Leadership firms are selected where women comprise a minimum of 30% of partners and principals. BeachFleischman was recognized for having 46% of the[ … ]

Paycheck Protection Program Flexibility Act Signed by President

On June 5, 2020, the President signed into law the Paycheck Protection Program Flexibility Act after it passed the Senate with a unanimous vote. The bill drafted by the House extends certain provisions of the Paycheck Protection Program (PPP) to provide small businesses with relief in the timeframe and use of their PPP loan funds.[ … ]

FASB Extends Effective Date of Revenue Recognition and Leases Standards for Certain Entities

The Financial Accounting Standards Board (FASB) voted Wednesday, May 20, 2020, to give private companies and nonprofit organizations that have not yet issued their financial statements an extra year to comply with the revenue recognition and leases standards. Why did FASB extend the effective date? The deferred implementation was based on feedback the FASB received[ … ]

Paycheck Protection Program (PPP) Loan Forgiveness Assistance Now Available

If your business has received an SBA Paycheck Protection Program (PPP) loan, now is the time to begin planning how you will allocate and document your spending over the relevant covered period to ensure you receive the maximum loan forgiveness. Work with our PPP Loan Task Force We have designed flat-fee consulting packages to help[ … ]