Above-the-Line Charitable Contribution The CARES Act authorizes an eligible individual to take a qualified charitable contribution deduction of up to $300 … [Read more...]
New IRS Tool
June 25, 2020
Check out this new IRS tool created: a useful flow chart explaining the Employee Retention Credit. … [Read more...]
PPP Recipients Can Apply Early for Loan Forgiveness – SBA New Interim Final Rule
June 24, 2020
On Monday night, 6-22-20 the SBA in consultation with the Treasury issued a new Interim Final Rule related to the Paycheck Protection Program (PPP), which was … [Read more...]
Contracting/Bid Laws
June 22, 2020
Based on the contracting and bidding requirements, CDS has decided to highlight three items that are either newer or items we have noticed inconsistencies with … [Read more...]
GASB Statement No. 95
June 22, 2020
GOVERNMENTAL ACCOUNTING STANDARDS BOARD STATEMENT NO. 95 Due to the ongoing situation regarding the COVID-19 pandemic, the Governmental Accounting Standards … [Read more...]
Government Firm Highlights (July 2020)
June 22, 2020
MEMBER SPOTLIGHT Brenda Parsley, CPA, joined CDS in 2016 as a Staff Accountant. She graduated from Southwest Minnesota State University in Marshall, MN with … [Read more...]
Minnesota Small Business Relief Grants
June 22, 2020
On June 16, 2020, Gov. Tim Walz signed into law the Minnesota Small Business Relief Grants Program. This program will make available $10,000 … [Read more...]
New PPP Loan Forgiveness Applications Released
June 18, 2020
The SBA released a revised loan forgiveness application for the Paycheck Protection Program (PPP). They also unveiled a new EZ application for forgiveness of … [Read more...]
SBA Accepting New EIDL Applications
June 16, 2020
The US Small Business Administration (SBA) has reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants. … [Read more...]
SBA Issues First Guidance for PPP Flexibility Act
June 12, 2020
Highlights of SBA Interim Final Rule (IFR) Guidance President Trump signed into law the Paycheck Protection Program Flexibility Act on June 5, 2020. On … [Read more...]
