February 2021 Newsletter
In this month’s newsletter, we talk about coping with COVID, succession planning, the benefits of visiting downtown Indy and more!
Continue ReadingDon’t Get Left Behind
By Lisa Purichia Partner, Director of Accounting Services & Retirement Plan Services lpurichia@sponselcpagroup.com Although COVID is continuing to leave its mark on all of us, you can’t let it push
Continue ReadingSuccession Planning Must Be a Constant Priority
By Tom Sponsel, CPA/ABV, CFF Managing Partner tsponsel@sponselcpagroup.com With COVID disruptions and distractions, and the start of a new business year, succession planning is probably not at the top of
Continue ReadingHead on Back Downtown!
Indianapolis has come a long way. Known in past decades largely for its racetrack, this once sleepy town fittingly nicknamed “Naptown” is now a bustling metropolis. Well, maybe not so
Continue ReadingEmployee Spotlight: Leslie Munas
Leslie Munas is one of the newer members of the Sponsel CPA Group family, having joined as a Manager in the Tax Services department in October of 2020 . In addition
Continue ReadingNew Forgiveness Application for Loans Under $150,000
On January 19, 2021, the SBA and Treasury issued the much anticipated new application for loan forgiveness for loans under $150,000, along with several other new documents related to the
Continue ReadingJanuary 2021 Newsletter
Ring in 2021 with a look at leadership, business evaluation, three new members of the Sponsel CPA Group family and more!
Continue ReadingWhat is Appropriate Focus for Leadership?
By Tom Sponsel, CPA/ABV, CFF Managing Partner tsponsel@sponselcpagroup.com As unprecedented political events flood your newsfeed these days, you may find it difficult to focus on tasks at hand. Your most critical
Continue ReadingKeep Tomorrow in Mind as You Deal with Today
By Lisa Blankman, CPA Manager, Audit & Assurance Services LBlankman@sponselcpagroup.com Given the disruptions of last year, you’ll naturally want to hit the ground running in 2021, but don’t get lost
Continue ReadingEmployee Spotlight: Sue Hott
Sue Hott has worked in the field of banking and finance for more than 30 years. She joined the Sponsel staff in the summer of 2017, and she serves as
Continue ReadingPPP Updates: New Interim Final Rules Issued
On January 6, 2021, two Interim Final Rules related to the Paycheck Protection Program (PPP) were issued with several clarifications on the Economic Aid Act passed in December. A summary
Continue ReadingA Summary of the 2021 Consolidated Appropriations Act
Note: The stimulus bill summarized in this communication has not yet been signed into law by President Trump and is therefore subject to change. On Monday, December 21, 2020, Congress
Continue ReadingHappy Holidays from the Sponsel CPA Group Family!
Warm holiday wishes from our family to yours! 2020 posed challenges for us all. We are grateful to everyone who rose to the occasion during this difficult year — from
Continue ReadingDecember 2020 Newsletter
In this month’s newsletter, we explain IRS updates, discuss how to plan for 2021, explore risk analysis and introduce you to some of our fine team members!
Continue ReadingThe IRS Expands Identity Protection PIN Program
By Nick Hopkins, CPA, CFP® Partner, Director of Tax Services nhopkins@sponselcpagroup.com At the start of the new year, the IRS will expand its Identity Protection PIN Opt-In Program nationwide to
Continue ReadingPlanning for 2021 with 20/20 Vision
By Tom Sponsel, CPA/ABV, CFF Managing Partner tsponsel@sponselcpagroup.com As COVID continues to change our daily lives both personally and professionally, you may feel as though it’s impossible to plan for anything.
Continue ReadingAre You Managing Your Risks?
By Eric Woodruff, CPA, CCIFP Partner, Audit & Assurance Services ewoodruff@sponselcpagroup.com If 2020 has taught us anything, it’s that you can never be too careful when it comes to monitoring
Continue ReadingEmployee Spotlight: Dalton Mudd
Dalton Mudd started at Sponsel as an intern in the midst of the 2017 tax season. He later joined the tax services staff as a full-time member at the start
Continue ReadingAdditional IRS Guidance Regarding the Tax Implications of PPP Loans
The IRS recently released additional guidance regarding certain tax implications associated with the PPP loan program. A brief recap of some of the prior guidance that has been issued: The CARES Act specifically states that
Continue ReadingSBA to Require PPP Loan Necessity Form from Large Borrowers
On November 6, 2020, the SBA announced that PPP loan borrowers who received, together with affiliates, $2 million or more in Paycheck Protection Program loans, will now be required to
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