Friends and Clients of YHB, No matter your situation, 2020 was a unique experience for all. Regardless of our individual life circumstances, we all were impacted by this past year’s…
Read Article With a new administration comes the possibility of new tax laws. The basic proposals under Biden’s tax plans that were laid out during the campaign trail only impact taxpayers if…
Read Article On December 21, 2020, Congress passed another stimulus bill aimed to help individuals and businesses during the COVID-19 pandemic. The President later signed the bill right before year-end. Below is…
Read Article The Biden administration has announced several reforms to the popular Paycheck Protection Program (PPP) to bring greater relief to the smallest and most vulnerable businesses. Among other things, the administration…
Read Article On Monday, February 22, President Biden announced changes to processing PPP applications. Most significantly, starting Wednesday February 24, 2021, SBA will only allow businesses and nonprofits with fewer than 20…
Read Article Businesses and not-for-profit entities capitalize machines, furniture, buildings, and other property, plant and equipment (PPE) assets on their balance sheets. Here’s a refresher on some common questions about how to…
Read Article In simple terms, if you're in the business of entering contracts to deliver goods or services to customers, you're affected by the FASB's ASC 606, which provides guidance in recognizing…
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