Chicago Accounting Articles

New FAQ’s on PPP Loan Forgiveness

While Congress and The White House continue negotiations on the newest stimulus bill, the SBA issued a new ten page document further clarifying the rules on forgiveness. We are still waiting to see whether or not all of the loans under $150,000 are going to be...

The Lasting Effects of The Pandemic

As our elected officials hammer out The CARES Act II Package in Washington, I thought that I would spend some time talking about the lasting effects of this sweeping problem.   A couple of days ago I had a chance to spend some time with a few of my long time...

CARES Act II Proposal includes Second PPP Loan

In a speech delivered on the Senate Floor, Majority Leader McConnell confirmed some of the details in the next stimulus package. In what many are referring to as CARES ACT II, the Majority Leader confirmed the following…   – Another round of stimulus...

Divisions on The New Stimulus Bill

Negotiations over the past couple of days have revealed stark divisions on how to lead our nation forward through this pandemic. This is an obviously emotional issue for all sides, with no one really having a clear idea on what to do next.   They are so divided...

The New Stimulus Bill Begins

Congress returned to Washington today to take up plans on a new stimulus bill. Lawmakers on either side of the aisle agree that something needs to be done to stem the effects of the C-19 Pandemic. Many of the benefits from the first three bills are ending as a matter...