The Balancing Act

Weinstein Spira Blog

Weinstein Spira’s blog, The Balancing Act, provides helpful information on technical accounting and CPA firm culture.

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PPP Flexibility Act Becomes Law

PPP Flexibility Act Becomes Law

The Paycheck Protection Program (PPP) Flexibility Act of 2020 (the Act) became law on June 5, 2020. This Act applies only to section 1106 of the CARES Act, which pertains to the forgiveness of PPP loans. The following is a summary of the Act: PPP borrowers have...

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6 Ways to Ace Video Interviews

6 Ways to Ace Video Interviews

Video job interviews are becoming more common in the hiring process due to the COVID-19 pandemic.  With stay-at-home orders in place for many areas, video interviews prove to be the best way to continue the hiring process without causing major delays.  These...

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The CARES Act Summary

The CARES Act Summary

Relief Available for Businesses and Individuals  The Coronavirus Aid, Relief, and Economic Security Act (the Act) became law on March 27, 2020. The estimated $2+ trillion and 880-page legislation includes public health spending, immediate cash relief for citizens, a...

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April 15 Tax Filing Deadline Extended

April 15 Tax Filing Deadline Extended

Due to the COVID-19 pandemic, the IRS announced that tax returns, originally due on April 15, 2020, will not have to be filed until July 15, 2020. The postponement applies to individuals, trusts, estates, partnerships, associations, companies or corporations with a...

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COVID-19 Tax Payment Deferral

COVID-19 Tax Payment Deferral

Following President Trump’s declaration of a national emergency, Treasury Secretary Steven Mnuchin stated at a press conference on March 17, 2020 that individuals can defer tax payments up to $1 million for 90 days. Corporations can defer up to $10 million of tax...

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How to Get Ready for Your Next Audit

How to Get Ready for Your Next Audit

Let’s face it, no one looks forward to the auditing process. It is much more fun to go play golf or take care of everyday business challenges, than get ready for your auditor’s visit. Often, people perceive the audit as beginning on Day 1 and, therefore, don’t focus...

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