The straight line

On June 5, 2020, President Trump signed into law the PPP Flexibility Act of 2020. This amends the PPP giving borrowers more freedom or flexibility in spending the PPP funds and retaining the possibility of full forgiveness. Some key takeaways are as follows: + Forgiveness period was increased to 24 weeks, up from 8 weeks,...

In my last article, I wrote about what had become the new work environment at Gardiner + Company as a result of the pandemic. What we learned during the pandemic is that we are able to perform our primary job functions as efficiently working remote as being in our offices (or yours). Our profession is...

You have received your loan proceeds under the Paycheck Protection Program (PPP)…what’s next?  The information below is based on what we know today, but we also expect further clarity and guidance in the weeks to come.  Your covered period begins on the date you receive your funds and lasts for the 8 weeks following.  At...

No different than everyone else, Gardiner + Company has also had to change the way we are accustomed to working, and remaining productive, while adhering to social distancing.  A few years ago, our firm began talking about providing more flexible scheduling and remote working arrangement for our staff.  We weren’t good at it, or ready...

On April 8, 2020 the Financial Accounting Standards Board (FASB) proposed delaying the effective date for private companies lease accounting, ASC Topic 842 with a 15 day comment period because of the challenges related to the Coronavirus pandemic.  If the delay is adopted, the effective date for ASC Topic 842 will be deferred from, fiscal...

On April 9th, the Federal Reserve launched a $600 billion lending program to help small and medium sized businesses deal with the economic crisis due to the COVID-19 pandemic.   There are two types of loan programs under the Main Street Lending Program.  They are the Main Street New Loan Facility and the Main Street Expanded...