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More Flexibility for Paycheck Protection Program Loan Forgiveness and Payroll Tax Deferral

The Paycheck Protection Program Flexibility Act of 2020 (H.R. 7010) (PPP Flexibility Act), enacted on June 5, 2020, makes welcome changes to the forgiveness rules for Paycheck Protection Program (PPP) loans made to small businesses in response to the novel coronavirus global pandemic (COVID-19). The...
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COVID-19 Call-in Day

Frequently Asked Questions & Answers SBA LOAN PROCESS: Are the SBA loans only benefitting business impacted by the COVID-19 pandemic? Yes, and only small businesses. Eligible...
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PPP Loan Forgiveness – Tools & Resources

For those business owners in need, the PPP Loan and possible forgiveness will hopefully secure resources needed by employers to pay their people and survive this...
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FASB Approves Deferral of Leasing and Revenue Standards for Certain Private Companies

Background The FASB issued a proposed ASU in April, for which the comment period closed May 6, 2020. At its May 20, 2020 meeting, the FASB...
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Hancock Askew & Co. is Proud to Announce the Addition of John W. McElderry as Partner

Atlanta, GA (May 15, 2020) – Hancock Askew & Co., LLP, a full-service audit, tax, accounting and advisory firm is proud to announce that John W. McElderry has been admitted as a Partner in the firm. John joined the firm as a Principal in...
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Hancock Askew & Co. Announces the Launch of Abricto Security, an IT Security Consulting Firm

ATLANTA, GA (May 4, 2020) – Hancock Askew & Co., LLP, a full-service audit, tax, accounting and advisory firm announces the launch of Abricto Security, LLC....
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Care Act Aids Employers Who Continue to Pay Employees

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides two distinct and substantial employment tax benefits for certain employers under Sections 2301 and 2302 of...
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All Employers Can Defer Employment Tax Deposits Until Paycheck Protection Program Loan is Forgiven

The IRS has issued frequently asked questions (FAQs) on the payroll tax deferral opportunity provided by the Coronavirus, Aid, Relief, and Economic Security (CARES) Act (Public...
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Employers Can Immediately Provide Tax-Free Qualified Disaster Payments to Employees in Connection with COVID-19

Employers are scrambling to find ways to help their employees who are impacted by the novel coronavirus (COVID-19). Help is available. Now that COVID-19 has been...
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Keeping American Workers Paid and Employed Act under the CARES Act

Prepared by: Stephen Leonard, CPA – Partner The Coronavirus Aid, Relief, and Economic Security Act; aka the “CARES Act” was signed by the President on March...
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