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  • Hudson, Cisne & Co. Announces New Manager

    Hudson, Cisne & Co., LLP is pleased to announce the addition of Shelby Hardin, CPA to their professional team. She joins the firm as a manager. As a manager with Hudson, Cisne & Co., LLP, Hardin works in the Client Accounting Services Department. She serves......

  • Hudson Cisne Announces New Manager 

    Hudson Cisne is pleased to announce the addition of Shelby Hardin, CPA, to their professional team. She joins the firm as a manager.   As a manager, Hardin works in the Client Accounting Services Department. She serves clients in a variety of industries including manufacturing, healthcare,......

  • IRS Issues Guidance Regarding Payroll Tax Deferral

    On Friday, August 28, the Internal Revenue Service (IRS) released Notice 2020-65, which offers guidance regarding the implementation of the Presidential Memorandum on the deferment of some payroll taxes. The memorandum, which was released by the President on August 8th, called for a deferral of......

  • SBA and Treasury Release Additional PPP Guidance

    On August 24, the Small Business Administration and Treasury made available a new set of guidance regarding the Paycheck Protection Program (PPP) forgiveness issues. The new interim final rule covers two areas: owner-employee compensation and the eligibility of non-payroll costs. A recent article from the......

  • SBA Issues 23 New PPP FAQs

    On August 4th, the U.S. Small Business Administration (SBA) released additional guidance regarding forgiveness of Paycheck Protection Program (PPP) loans. In consultation with the U.S. Department of the Treasury, the SBA added 23 new questions to their PPP FAQ page. The SBA sorts the new......

  • IRS Publishes New Release Regarding Business Interest Expense Limitations

    The Internal Revenue Service (IRS) recently announced finalized guidance regarding business interest expense limitations. In a helpful article from the Journal of Accountancy, author Sally Schreiber offers an overview of the new rules. Background The business interest expense limitation was created by the Tax Cuts......

  • PPP Gets Five-Week Extension

    On Wednesday, July 1, the House agreed unanimously to an extension of the Paycheck Protection Program (PPP). The five-week extension originated in the Senate on Tuesday, where it was approved late in the evening. President Trump signed the bill into law on Saturday, July 4.......

  • SBA PPP Guidance Update—June 25-26, 2020

    Late last week, the United States Small Business Administration (SBA) released yet another round of guidance updates regarding the Paycheck Protection Program (PPP). The areas covered by this latest release are maturity dates and loan amounts. A recent article from the Journal of Accountancy offers......

  • SBA Releases Guidance Regarding Early PPP Loan Forgiveness

    On June 22, the U.S. Small Business Administration (SBA) released additional guidance regarding Paycheck Protection Program (PPP) loan forgiveness. A recent article from the Journal of Accountancy summarizes the information contained in the release. The new interim final rule primarily addresses changes made by the......

  • Senate Passes Paycheck Protection Flexibility Act

    On Wednesday night, the Senate voted unanimously in favor of the Paycheck Protection Flexibility Act. This new legislation makes key adjustments to the timeline for spending Paycheck Protection Program (PPP) funds and revises how loan recipients are required to allocate the money. Here is a......

  • New Guidance Regarding PPP Loan Forgiveness

    On May 22, the Small Business Administration (SBA), in conjunction with the U.S. Treasury, released additional guidance for recipients of loans through the Paycheck Protection Program (PPP). A recent article from the Journal of Accountancy examines the details of the new release. The SBA issued......

  • FASB Announces Further Delays of Revenue Recognition and Leases Standards

    Following last month’s proposal to defer the effective date of two standards for private companies and nonprofit organizations, the Financial Accounting Standards Board (FASB) voted to delay the effective dates of revenue recognition and leases standards on May 20. The standards extension comes as a......

  • SBA Releases Application for PPP Loan Forgiveness

    On Friday, May 15, the Small Business Administration (SBA) announced an important release for borrowers who received loans through the Paycheck Protection Program (PPP). The bureau made public a form and instructions for borrowers to use to apply for PPP loan forgiveness. The application must......

  • New SBA Guidance Regarding Loan Increases for Partnerships, Seasonal Employers

    On May 13, the Small Business Administration (SBA) released new guidance regarding the Paycheck Protection Program (PPP), Business Loan Program Temporary Changes; Paycheck Protection Program – Loan Increases. This is a new interim final rule allowing for an increase in the amount of loan for......

  • New SBA Guidance Regarding Paycheck Protection Program

    On May 13, the Small Business Administration (SBA) issued additional guidance regarding the Paycheck Protection Program (PPP). They added a highly anticipated new question to their lengthy FAQ: “How will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request?” One of......

  • SBA Releases Additional PPP FAQ Questions

    On May 3rd, the Small Business Administration (SBA) issued a new round of guidance regarding the Paycheck Protection Program (PPP). They addressed three issues for which business owners have requested clarification, including: The impact of a laid-off employee refusing to be rehired on a borrower’s......

  • Is My PPP Loan Still Forgivable if My Employees Refuse to Come Back to Work?

    The Paycheck Protection Program (PPP) is a loan initiative created by the CARES Act that targets aid to small businesses dealing with losses resulting from the coronavirus pandemic. The big appeal of the program is that the portion of the PPP loan funds used for......

  • PRESIDENT TRUMP SIGNS INTO LAW CARES ACT

    On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The CARES Act is the third round of federal government aid related to COVID-19. We have......

  • FEDERAL AID PACKAGE HELPS INDIVIDUALS AFFECTED BY COVID-19

    The Families First Coronavirus Response Act (H.R. 6201),  became law on March 18, 2020. The Act guarantees free testing for the novel coronavirus (COVID-19), establishes emergency paid sick leave, expands family and medical leave, enhances unemployment insurance, expands food security initiatives, and increases federal Medicaid......

  • HOW TO DETERMINE IF AN EMPLOYER HAS “FEWER THAN 500 EMPLOYEES” FOR COVID-19 FEDERAL PAID SICK AND FAMILY LEAVE MANDATES

    The Families First Coronavirus Response Act (H.R. 6201) became law on March 18, 2020. Among other things, the Act requires employers with “fewer than 500 employees” to provide two new benefits: (1) federal emergency paid sick leave and (2) federal emergency paid family and medical......

  • IRS OUTLINES PROCEDURES FOR PAYROLL TAX CREDITS AND RAPID REFUNDS FOR EMPLOYERS MAKING FEDERALLY-MANDATED COVID-19 LEAVE PAYMENTS

    The federal government is trying to get much-needed cash into the hands of employers and employees affected by COVID-19 as quickly as possible. To do so, it is utilizing employers’ existing payroll systems to minimize the employers’ cash flow hardship that might otherwise have occurred from......

  • Email to Clients

    To our valued clients and colleagues, As the novel coronavirus (COVID-19) continues to spread, the health and well-being of our communities, clients, and people remains our highest priority. With this in mind, we made the decision to close our offices to the public and our......

  • HOW MANUFACTURERS CAN NAVIGATE THE NOVEL CORONAVIRUS’ SUPPLY CHAIN IMPACTS

    By Jeff Pratt, Sean Murphy The novel coronavirus (otherwise known as COVID-19) crisis has struck a serious blow to the manufacturing industry, which was already battling trade policy turbulence, a slowdown in global manufacturing growth and broader economic uncertainty. The virus’ disruptive impacts are rippling throughout global......

  • Coronavirus Strikes Nonprofits in More Ways than One

    By Andrea Wilson   Now present on every continent except Antarctica, COVID-19 has infected more than 125,000 people, and is responsible for more than 4,600 deaths. With the number of cases in the U.S. continuing to climb, individuals and companies alike are taking steps to prepare for a pandemic.......

  • IRS RELEASES UPDATED COVID-19 RELIEF – NOW EXTENDING FILING DATE AND PAYMENT

    On March 20, 2020, the Internal Revenue Service released Notice 2020-18, its second round of formal guidance – this time expanding its earlier guidance (Notice 2020-17) by including relief to taxpayers for both federal income tax returns and federal income tax payments which would be......

  • SBA Disaster Assistance in Response to the Coronavirus – Low-Interest Loans

    In response to the novel coronavirus (COVID-19) pandemic affecting the small business community across the country, the U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury. Substantial economic injury means the business is......

  • Tax Payment Deadline Extended

    To our valued clients and colleagues, First and foremost, we want to thank you for the trust in our Hudson Cisne & Co, LLP (HCC) team and the services we provide. We consider it an honor to work with you, and we do not take......

  • An Update from Hudson Cisne on the Coronavirus

    To our valued clients and colleagues, First and foremost, we want to thank you for the trust in our Hudson Cisne & Co, LLP (HCC) team and the services we provide. We consider it an honor to work with you, and we do not take......

  • Welcoming Our New Staff Accountants

    Hudson Cisne has recently added the following to our team: Reynolds “Reyn” Beckham III, Elizabeth Bennett, Timothy “Jordan” Clark, CPA, Gregory “Alex” Massey, Tyler Patton, Nathan Rogers, and Emma Shortes to their professional team. These seven young professionals all join the firm as staff accountants......

  • Hudson, Cisne & Co. Team Members Elected to ARCPA Board

    Gina Moran, CPA and Paul Osborn, CPA, CVA were recently elected to the board of directors of the Arkansas Society of CPAs (ARCPA). Moran will serve as vice chair; Osborn takes on the role of treasurer. Moran has been a member of the Hudson, Cisne......

  • Hudson, Cisne & Co. LLP Announces New Partner

    Hudson, Cisne & Co. LLP is pleased to announce the addition of Paul Osborn, CPA, CVA to the firm’s ownership group. Paul was promoted to Partner effective January 1, 2020. A professional in the field since 2006, Osborn joined the Hudson Cisne team in 2015.......

  • Paul Osborn Speaks at the University of Arkansas Medical School

    Paul Osborn, CPA, CVA, recently had the opportunity to address students in the University of Arkansas Medical School’s class, “Business of Medicine.”  Osborn speaks annually at the class, which is led by Dr. Jason Mizell. He offers a one-hour session that gives an overview of......

  • Paul Osborn Teaches CLE Seminar at Pulaski County Bar Association

    Paul Osborn, CPA, CVA recently participated in a Pulaski County Bar Association (PCBA) seminar on domestic relations.  The seminar took place on Friday, October 25, 2019 at the UA Little Rock Bowen School of Law facility in Little Rock. Paul and his co-presenter, Scott Hilburn,......

  • Karen Garret Recognized by Women, Inc.

    Karen Garrett, CPA has been named to WomenInc.’s list of 2019 Most Influential Corporate Board Directors.  Karen joined the firm in 1996 and currently serves as managing partner. She specializes in employee benefit plan audits, multi-state taxation, andmerger/acquisition transactions. Karen works with a variety of......

  • Brent Sharpmack Accepted to Local Leadership Class

    Hudson, Cisne & Co., LLP is pleased to announce that Brent Sharpmack, CPA has accepted a spot in the 2019-2020 Class of Leadership Arkansas. A member of the Hudson Cisne team since 2003, Brent currently serves as a partner. He specializes in serving clients in......

  • 2019 Tax Planning Guides Available

    The time to consider tax saving opportunities is before the year ends. At Hudson Cisne, your financial security is our highest priority. To demonstrate our continued commitment to serving you, we want to take this opportunity to remind you of certain tax laws that can......

  • Hudson, Cisne & Co. Announces New Promotions

    The local accounting firm of Hudson, Cisne & Co., LLP is pleased to announce the promotions of Jobeth Billingsley, Victoria Seamans, and Jessica Smith, CPA. All three professionals joined the firm in 2017 as staff accountants. Each now takes on the new responsibilities of senior......

  • Hudson Cisne Team Members Teach at ASCPA EBP Conference

    Hudson Cisne & Co. is proud to share that Karen Garrett, CPA, Mark Glover, CPA, and Brooke Horvath, CPA recently participated in the Arkansas Society of Certified Public Accountants (ASCPA) Employee Benefit Plans Conference. The conference took place on Thursday, April 25 at the ASCPA......