Dalby, Wendland & Co. News

Accrual-Basis Accounting and Cutoffs

As year end approaches, it’s a good idea for calendar-year entities to review the guidelines for recognizing revenue and expenses. There are specific rules regarding accounting cutoffs under U.S. Generally Accepted Accounting Principles (GAAP). Strict observance of these rules is generally the safest game plan. The Basics Companies that follow

2021-04-12T14:53:28-06:00December 1st, 2020|

2020-2021 Online Tax Planning Guide

Although you can’t avoid taxes, you can take steps to minimize them. This requires proactive tax planning — estimating your tax liability, looking for ways to reduce it and taking timely action. To help you identify strategies that might work for you in 2020, check out our Online Tax Planning

2021-04-12T14:53:29-06:00December 1st, 2020|

IRS Releases Additional Guidance on PPP Loan Forgiveness

The IRS has released new guidance on various aspects of PPP loan forgiveness. Below are summaries of the key provisions. Revenue Procedure 2020-51 provides a safe harbor for certain Paycheck Protection Program loan participants, whose loan forgiveness has been partially or fully denied, or who decide to forego requesting loan

2021-04-12T14:53:29-06:00November 19th, 2020|
Go to Top