Accounting for Your Company’s PPP Loan

As a business owner, you faced many challenges during 2020, some of which likely pertained to questions surrounding the Paycheck Protection Program (PPP). One area you may now be clarifying as you prepare to close the year is whether you appropriately accounted for your PPP loan and its forgiveness. To answer this question, the AICPA…

Read article

BGBC Announces New Partner

The Indianapolis-based CPA and advisory firm BGBC Partners, LLP has promoted Brent Holman to Partner. “Obtaining this career achievement is recognition of Brent’s efforts, skills and abilities”, said Kyle Simmerman, Managing Partner. “He is a tremendous team member selflessly dedicated to developing others and exceptional client service.  For everyone on our team and our clients…

Read article

Sold or Thinking of Selling Your Home?

In spite of (or in some cases, because of) the COVID-19 pandemic, and with near-record-low home mortgage interest rates, the housing market has been booming. September 2020 existing home sales were up 9.4% from August 2020 and 20.9% from 2019, according to the National Association of Realtors. If you sold your home this year or…

Read article

BGBC Announces Promotion

The Indianapolis-based CPA and advisory firm BGBC Partners, LLP is pleased to announce promotion of Maggie de Guzman to Manager. Maggie has 15 years of experience that consists of time spent in public accounting and industry. She joined the firm as a Supervisor in 2019. She specializes in international tax, specifically in US filings for…

Read article

Key Changes to the Employee Retention Credit

On December 27, 2020, President Trump signed the Consolidated Appropriations Act, 2021 (CAA) into law. A recent article from JD Supra outlines two key provisions included in the act that make changes to the employee retention credit. Established by the CARES Act, the employee retention credit was designed to incentivize employers to maintain their staff…

Read article

New Paycheck Protection Program Guidance Released

On Wednesday, January 6, the U.S. Small Business Administration (SBA) and the Treasury issued joint guidance regarding the latest updates to the Paycheck Protection Program (PPP), as amended by the recent COVID-19 relief bill. A recent article from the Journal of Accountancy offers an overview of the guidance, which includes the following items: An interim…

Read article

The Journey to a Data-Driven Organization Starts With Data Literacy

By Sara Sepkowski and Kirstie Tiernan| DECEMBER 07, 2020 According to BDO’s latest white paper, Getting from A to AI – The Path to Data Analytics Maturity, organizations need a combination of the right architecture, analytics, and artificial intelligence to create the technological infrastructure necessary for data analytics maturation. Beyond these critical technical factors, an organization’s ability…

Read article