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PPP Loan Forgiveness for the Self Employed and Owner Employees

The Paycheck Protection Program (PPP) has been an essential tool in helping Chicago businesses weather the COVID-19 pandemic. Since it was created as part of the CARES Act in ... Read more

Survey Reveals 60% of Charities Face Long Term Instability

If there is one word that summarizes the impact of COVID-19 on Illinois businesses, nonprofits, and individuals it would have to be instability. The concerns about virus trans ... Read more

Revenue Recognition for Auto Dealers – Part 2: Balance Sheet and Disclosure Requirements

The Financial Accounting Standards Board (FASB) issued a standards update on “Revenue From Contracts With Customers,” replacing almost all revenue guidance under Generally ... Read more

Revenue Recognition for Auto Dealers – Part 1: Five Step Model

Almost six years have passed since the Financial Accounting Standards Board (FASB) issued the standards update on “Revenue From Contracts With Customers,” replacing almost ... Read more

AGC Survey Reveals Increasing Project Cancellations

The COVID-19 pandemic has created business conditions that few could have reasonably forecasted at the beginning of the year. The combination of stay at home orders forced bus ... Read more

5-Week PPP Extension Approved by House and Senate

The U.S. Senate and House of Representatives unanimously agreed, and the President signed the legislation extending the Paycheck Protection Program (PPP) by five weeks to cont ... Read more

New PPP Loan Forgiveness Applications Published

The challenges associated with navigating the Paycheck Protection Program (PPP) have been well documented. The first round of funding was somewhat chaotic because the Small Bu ... Read more

Survey Says…How Are Businesses Planning for Normalcy?

As Chicago is slowly reopening it is creating the feeling with owners, employees, and customers that things may soon get back to “normal”. For months, businesses and their ... Read more