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Recovery Update: PPP Extended, but Business is Coming Back

Recovery Update: PPP Extended, but Business is Coming Back

by Controllers Council | Jul 1, 2020 | COVID-19, Legislation

As we continue to recover from the economic impact of the lockdowns, many companies are still fighting valiantly to reach that ‘pivot to recovery’ moment. Cash is tight, business models are changing, and the constant struggle to keep the business afloat is putting...
Compliance under Wayfair: Many Companies Still Face Challenges

Compliance under Wayfair: Many Companies Still Face Challenges

by Controllers Council | Jun 26, 2020 | Legislation

It’s been a bit more than two years since the Supreme Court sent shockwaves through the online seller community. A high profile case in the era of ecommerce, South Dakota v. Wayfair, Inc., represented a significant change in the way sales tax nexus worked. In turn,...
AICPA Documents Tax Challenges for Small Businesses in Letter to Congress (Part 2)

AICPA Documents Tax Challenges for Small Businesses in Letter to Congress (Part 2)

by Controllers Council | Jun 25, 2020 | Legislation, Tax

It’s hard to run a small business. Money seems to always be tight, it feels like next month may be your last, and seemingly worst of all, the only tax changes that seem to affect you are the ones written to increase your costs. Though the Tax Cuts and Jobs Act did...
Future-Proofing the Tax System: AICPA Addresses Small Business Challenges in Letter to Congress (Part 1)

Future-Proofing the Tax System: AICPA Addresses Small Business Challenges in Letter to Congress (Part 1)

by Controllers Council | Jun 23, 2020 | Legislation, Tax

The world continues to change. Though everyone did benefit from the Tax Cuts and Jobs Act of 2017, certain nuances were made apparent in the wake of the COVID-19 outbreak. In a recent letter from the AICPA to Congress, the leading accounting body looked to address...
FASB Delays RevRec and Lease Adoption for Private Companies

FASB Delays RevRec and Lease Adoption for Private Companies

by Controllers Council | Jun 15, 2020 | Legislation

The world of accounting standards and the compliance landscape is in a continuing state of evolution and change. While some changes are more significant, some take years to implement, and some change the way your business works, others deal with specific and easy...
New Bill Seeks to Increase PPP Flexibility at Small Businesses

New Bill Seeks to Increase PPP Flexibility at Small Businesses

by Controllers Council | May 30, 2020 | Legislation

As businesses struggle to recover from COVID-fueled lockdowns, controllers face a tumultuous road ahead. Cash flow is tight. Money isn’t coming in, and confidence is down. There are still a lot of hills to get over before states reopen, and your decisions could make...
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