News & Resources

Indiana Tax Reporting of PPP Funds and Expenses

  As mentioned in our January 18, 2021 blog posting titled, “State Conformity to CARES Act,” many states have not yet conformed or adopted the changes under the CARES Act or the Consolidated Appropriations Act 2021 (CAA). Indiana has “static”

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State Conformity to CARES ACT

  While more than 20 states automatically conform (also known as “rolling conformity”) to federal law changes, the remaining states have either “selective” conformity or “static” conformity where legislation is required to conform to Federal law changes. While the CARES

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2020 Year-End Tax Planning for Individuals

As the year-end approaches, individuals, business owners and family offices should be reviewing their situations to identify any opportunities for reducing, deferring or accelerating tax obligations. Areas that should be looked at in particular include tax reform provisions that remain

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SBA Issues Review Procedures for Loans of $2 Million or More

As anticipated, the Small Business Administration (SBA) issued guidance regarding the review of Payroll Protection Program (PPP) loans totaling $2 million or more. Affected PPP recipients will be required to complete a questionnaire and provide documentation that supports and substantiates

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Payroll Protection Program Update

On Monday, August 25 the Small Business Administration released new guidance on Paycheck Protection Program (PPP) forgiveness. Here are the key pieces of information: C and S Corp owners with less than 5% ownership are not subject to the owner

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Drive Success with Dashboard Reports

Timely, relevant financial data is critical to managing a business in today’s unprecedented conditions. Similar to the control panel in a vehicle or machine, dashboard reports provide a real-time snapshot of how your business is performing. Why You Need a

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Family-Owned Logistics Company Plans Major Indiana Expansion

Family-Owned Logistics Company Plans Major Indiana Expansion Per the Indiana Economic Development Corporation (IEDC) – On July 21, 2020, Governor Eric Holcomb and Indianapolis Mayor Joe Hogsett joined executives from Palmer Trucks, a third generation, family-owned truck sales, parts and service

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