February 27, 2023 On Friday, February 24th the IRS announced a further extension of time to October 16th for most California individual and business taxpayers. Please click here to review the newest updates. January 12, 2023 On January 10th, the IRS has granted emergency relief for all taxpayers in various counties in California affected by…
We are happy to share that an anonymous donor has honored Robert Wiebe’s legacy with a $50,000 donation to establish the Robert Wiebe Accounting Scholarship at the Craig School of Business at California State University Fresno. The fund is open to additional contributions in memory of Robert and to help grow the local accounting field…
You (and your office) are invited to Oktoberfest! 4pm-7pm Thursday, October 27th 7090 N. Marks Ave, #104 Fresno, CA 93711 The WHH Oktoberfest is officially back to celebrate our 10th (in-person) harvest party! To commemorate one decade, we are going all out with a proper tented biergarten with three local breweries, yard games, berrocks and…
Save us a place on your October 2022 calendar because we are looking forward to bringing back our Oktoberfest open house party. As for 2021, please enjoy this celebratory video. Prost!
It is with deep sadness that we announce the passing of Robert L. Wiebe, founding partner of Wiebe Hinton Hambalek, LLP. Robert’s passing on Thursday, October 7, 2021, followed a ten-month battle with pancreatic cancer. He was 68 years old and is survived by his wife, Therese, two grown children, and three grandchildren. A highly…
At the very end of December 2020, President Trump signed the Consolidated Appropriations Act, 2021 (CAA, 21) into law. This included the second draw of PPP loans, stimulus checks, plus a list of tax deductions, credits, and extensions. In order to best assist you in sifting through the mountain of available information, we have curated…
Many private company owners who borrowed Paycheck Protection Program (PPP) funds have questions on how to account for the initial loan and subsequent forgiveness. Primarily, does the accounting follow existing debt guidance, or is the loan, in substance, a government grant? Two methods are available to you as a result of two different accounting standards.…
Updated July 11, 2020 The Paycheck Protection Program is a great safe benefit to employers but there have been huge conflicts on eligibility for PPP loans for farmers using labor contractors. In fact, many, if not most, have labor contractors instead of traditional employees. Immediately after the CARES Act passed, there was a lot of…
Updated July 11, 2020 The CARES Act created assistance for business owners struggling to pay to their employees during the shelter-in-place orders. Among other programs is the Payroll Tax Credit. It’s a significant tax break and we recommend taking advantage of it if you meet the criteria. The credit is one of several methods for…
June 1, 2020 Hello and welcome to our next installment of Off the Cuff. Today, I’d like to talk a little bit about the loan forgiveness provisions related to the Paycheck Protection Program. Forgiveness Application In the last week, the Treasury Department has come out with a loan application for forgiveness, along with additional guidance…