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On Tuesday, August 4, 2020 the SBA issued a new set of Frequently Asked Questions on PPP Loan Forgiveness. There are 23 new FAQ’s covering General Loan Forgiveness, Payroll Costs, Nonpayroll

COVID-19 has been very disruptive in the financial world, so for this month’s newsletter, we thought it would be beneficial to revisit a couple of topics that often get very

While you’re analyzing your business goals and objectives, don’t forget about your personal financial condition at home as well. Many times, personal finances are the most often ignored aspect of

Welcome to Part 3 of a multipart series on Retirement: Planning, Executing and Enjoying! In Part 1, we talked about spending. In Part 2, we explored risk management. In this final

As a Manager in Entrepreneurial Services, Mary Ferguson has much experience helping clients with their internal accounting and bookkeeping needs. She is a QuickBooks Desktop and QuickBooks Online Certified Pro

Reminder: Your 2020 Personal Federal and Indiana First and Second Quarter Estimated Tax Payments — originally due on April 15, 2020 — are now due on July 15, 2020. In addition,

On Wednesday July 1, 2020, the U.S. House of Representatives passed legislation to extend the June 30, 2020 deadline to apply for a Paycheck Protection Program (PPP) loan to August 8, 2020,

On June 22, 2020, yet another interim rule was published by the SBA related to revisions to the PPP loan forgiveness process that stem from the Paycheck Protection Program Flexibility

Sponsel CPA Group is implementing a computer systems upgrade starting at 5:00 p.m. on Friday, June 26 through Tuesday, June 30 at 8:00 a.m. Accordingly, our office will be closed

In this month’s newsletter, you can read about where Indiana stacks up in the best states for business, why you should take a break from work, how you can adjust

Despite the impact of COVID-19, Indiana still stands tall as one of the best states for business. For the fifth year in a row, Chief Executive magazine recently ranked the

For some, the year 2020 cannot end soon enough! The world is pretty chaotic right now, and it’s undoubtedly taking a toll on you. You may also feel that, with

With COVID-19 cases still in existence and protests breaking out across the country, you may find yourself stuck in an anxious state. If you go downtown, you will see businesses,

Raised in Crown Point, Lindsey Anderson moved to the east coast after graduating with a bachelor’s degree in accounting from the University of Indianapolis. Fortunately she returned to her Hoosier

On June 16, 2020, two new applications for PPP loan forgiveness were issued. These applications reflect changes related to the Paycheck Protection Flexibility Act (PPF). The two new loan forgiveness applications include

By Mike Bedel, CPA, CGMA Partner, Director of Audit and Assurance Services   mbedel@sponselcpagroup.com As new pronouncements and interpretations continue to be released about the forgiveness of PPP loans generated by the CARES

(Editor’s Note: All information included herein is as of June 9, 2020.) This is a follow up to our original newsletter on the Main Street Lending Program (MSLP) on April 22, 2020.

On Friday, June 5, 2020, the President signed the Paycheck Protection Flexibility Act (PPF), which modifies certain provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and Paycheck Protection Program

On Friday, May 22, the SBA released two new interim final rules for PPP loans. The interim final rules can be found at: https://home.treasury.gov/system/files/136/PPP-IFR-Loan-Forgiveness.pdf https://home.treasury.gov/system/files/136/PPP-IFR-SBA-Loan-Review-Procedures-and-Related-Borrower-and-Lender-Responsibilities.pdf This new guidance addresses requirements

In this month’s newsletter, we’ll help you navigate COVID-19 and introduce you to one of our many dedicated staff members!