Beyond PPP: Federal loans, tax credits for contractors; RLG attorney Dan Gauthier speaks to the ‘additional flexibility’

By Kim Slowey | ConstructionDive As construction projects around the country begin to reopen after COVID-19 shutdowns, contractors are returning to work. Whether because of reduced customer demand or government mandate, many have endured months of inactivity and the lack of revenue to go along with it. A popular source of financial relief for the construction industry has been Paycheck …

EXCLUSIVE: Forgivable PPP loans in your accounting — guidance from AICPA, by RLG attorney Omar Abdallah

By Omar Abdallah | Attorney at Rose Law Group You’ve received a forgivable loan under the Small Business Administration Paycheck Protection Program (PPP). How do you now recognize these funds in your accounting? Even though PPP loans are technically debt, many would say that the loan is essentially a government grant. Fortunately, the American Institute of Certified Public Accountants (AICPA) just issued guidance …