Apply for Economic Assistance with from the SBA
On Friday, March 27, 2020, the President signed into law the CARES Act, which contained $376 billion in relief for American workers and small businesses. Currently, as directed by the CARES Act, the U.S. Small Business Administration (SBA) is offering several assistance options for small businesses.
Coronavirus (COVID-19) Update 03/20/2020
While everyone is busy wondering how to store another 1000 rolls of TP in their garage, many are unaware of a sidebar problem – tax filings due April 15 can be affected if you are waiting on data from sources that have shut down or are working with less staff than normal.
Coronavirus (COVID-19) Update 03/17/2020
Today the Treasury Secretary announced that the normal Tax Filing deadline of April 15 would be extended 90 days to July 15, 2020. Details have not been released yet however based on remarks it appears that:
Coronavirus (COVID-19) Announcement
At O&S, we are keenly aware of the potential impact of the coronavirus COVID-19. We are taking steps to provide for the continuity of our client services and the safety of our employees and clients as we navigate through the uncertainly of the outbreak.
What is A Forensic Accountant?
A forensic accountant is an accountant with special skills in analyzing financial data that is the subject of a dispute or litigation. The forensic accountant is often called upon to report on their analysis in a written report or in oral testimony in a court of law. This transition is where the forensic accountant becomes an “expert witness”. Forensic accountants work in uncovering fraud, establishing economic damages, evaluating the valuation of a business and calculating information necessary in family law (divorce). Generally, the minimum educational qualifications for a forensic accountant is a designation as a “Certified Public Accountant” (CPA). …
Firm Culture
Firm culture is a conglomerate of aspects merged together to create the overall environment that employees and clients experience when involved with a firm. Some of these aspects include the number of employees, types of accounting services provided, management’s mission and goals for the firm, and the variety of clients that the firm services. This list is not all inclusive; however, you will get a general idea of a firm’s culture upon learning these things. I could further describe the attributes of firm culture, but instead, I would rather discuss why it is important to the overall health of an…