Important PPP clarifications issued regarding the definition of owner-employees and eligibility of certain non-payroll costs. The new interim final rule will be helpful for anyone grappling with the thresholds related to their employees who are also owners of the business and those paying rent or mortgage payments to a related party. Here is a great summary of this IFR from the Journal of Accountancy.
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On March 21st, Governor Tony Evers signed Assembly Bill 912 into law. This piece of legislation introduced significant changes to the financial reporting requirements affecting nonprofit organizations operating in Wisconsin.
Last month, I was privileged to share time with religious leaders and accounting professionals from over one hundred organizations at the 2024 Outcomes Conference organized by the Christian Leadership Alliance.
In April of 2024, the Office of Management and Budget (OMB) released new revisions to the OMB Guidance for Grants and Agreements, updating the name to OMB Guidance for Federal
