As of 6/3/2020 the House and Senate both passed changes to the PPP Forgiveness criteria. There are three major changes: Now instead of 8 weeks to spend the money on qualified expenses you have 24 weeks. The new law changed the percentage that needs to be used on Payroll to 60% down from 75%. Now …
In this unprecedented time we are living in and with the passage of the CARES Act that provided enhanced Pandemic Unemployment Assistance, we are seeing a massive uptick in the number of fraudulent unemployment claims. On 5/26/2020 The Oklahoma State Bureau of Investigation (OSBI) issued an advisory due to the amount of fraud in Oklahoma. …
Welcome to my new blog! Fun Fact, in addition to being an accounting nerd, I’m also a computer nerd. I can’t tell you how many times I have built the hello world program in various programming languages. If you don’t know what I’m talking about, then I’ll save you a google search and give you …
