Lenders Will Not File Form 1099-C For Forgiven PPP Loans
Back to News Lenders Will Not File Form 1099-C For Forgiven PPP Loans The Internal Revenue Service issued guidance on Tuesday telling lenders they should not file Form 1099-C, Cancellation…
September 2020 Staff Spotlight: Laraine Zhang
Back to News September 2020 Staff Spotlight Laraine Zhang Staff Accountant Laraine joined us at Hawthorne & Co. CPAs as an intern in January 2019 and is now working as…
New PPP Forgiveness Guidance Addresses Owner-Employee Compensation, Rent-Related Costs
Back to News New PPP Forgiveness Guidance Addresses Owner-Employee Compensation, Rent-Related Costs The US Small Business Administration and Treasury published an interim final rule Monday, August 24, that provides clarity…
IRS Stops Sending Balance-Due Notices, Corrects Payroll Tax Penalties
Back to News IRS Stops Sending Balance-Due Notices, Corrects Payroll Tax Penalties The IRS has stopped sending balance-due notices to taxpayers as it works to process its backlog of unopened…
August 2020 Staff Spotlight: Elaine Vu
Back to News August 2020 Staff Spotlight Elaine Vu Staff Accountant Elaine began her career at Hawthorne & Co. CPAs in January 2019 as an intern, and since then has…
Information Regarding Recent IRS Activity
Back to News Information Regarding Recent IRS Activity While we continue to navigate through unprecedented times, we strive to provide information to you that is helpful in answering questions you…
New FAQs Address PPP Loan Forgiveness Issues
Back to News New FAQs Address PPP Loan Forgiveness Issues The US Small Business Administration and Treasury published guidance Tuesday, August 4 answering 23 frequently asked questions related to the…
PPP and Pandemic-Related Tips for Not-for-Profits
Back to News PPP and Pandemic-Related Tips for Not-for-Profits Not-for-profits face challenges related to funding, operations and strategy as a result of the coronavirus pandemic. These tips can resolve issues…
PPP Forgiveness: No Need to Rush, and Other Tips
Back to News PPP Forgiveness: No Need to Rush, and Other Tips Borrowers and their CPA advisers might be eager to move ahead with the Paycheck Protection Program forgiveness process,…
July 2020 Staff Spotlight: Maggie Ma
Back to News July 2020 Staff Spotlight Maggie Ma Staff Accountant Maggie Ma joined Hawthorne & Co. CPAs in December 2019 as a Staff Accountant. As a recent accounting graduate,…