San Diego Certified Public Accounting Firm Since 1983
News Update On June 4, 2020 the IRS released Notice 2020-39 providing relief for Qualified Opportunity Funds (QOFs) and their investors in response to the. . . READ MORE »
For businesses experiencing financial difficulty in 2020 due to the COVID-19 crisis, utilizing all methods to sustain cash flow is imperative. One option to be. . . READ MORE »
On Thursday May 28, 2020 the House approved a bill which, if approved in the Senate and signed by the President, would make several favorable. . . READ MORE »
The Paycheck Protection Program (“PPP”) loan was intended to sustain small businesses and preserve employees’ jobs by helping cover essential operating expenses so businesses could. . . READ MORE »
Recording Receipt of the PPP Loan Proceeds: GPW recommends that a new general ledger account be created to track the PPP loan proceeds separately from. . . READ MORE »
Retirement Fund Planning Opportunities: For those expecting a drop in income for tax year 2020, this could be the opportune time to consider a Roth. . . READ MORE »