Oktoberfest 2021 Celebration Video
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!
Robert L. Wiebe, founding partner of Wiebe Hinton Hambalek, LLP, Has Passed
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…
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January 2021 Tax, CARES, and PPP Update
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…
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How to Account for PPP Loan Forgiveness
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.…
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PPP Loans for Farmers Using Labor Contractors
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…
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CARES Act Payroll Tax Credit
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…
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