Categories
Parsons CPA

Parsons CPA, PLLC Announces New Manager

Charlotte, NC: The Executive Team at Parsons CPA, PLLC is proud to welcome Bentley A. Hollifield, CPA, as Manager. With extended due dates and changing legislation, the 2020 tax season is far from over as Parsons CPA continues to stack their team with some of the areas most qualified professionals. The CPA profession itself has […]

Categories
Finance and Investing Parsons CPA SPACs

Stock Market New Year: The Year of the SPACs?

What is a SPAC?  A SPAC is a special purpose acquisition company (SPAC) with no commercial operations that is formed strictly to raise capital through an IPO (see definition below article) for the purpose of acquiring an existing company. Also known as a blank-check company. SPACs provide private companies with a non-conventional (becoming more conventional) […]

Categories
Parsons CPA PPP Loans Small Business Advice

PPP Second Draw Loans

The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP loan to apply for a Second Draw PPP Loan with the same general loan terms as their First Draw PPP Loan. Second Draw PPP Loans can be used to help fund payroll costs, including benefits. Funds can also be used […]

Categories
Advisory and Business Consulting Business Accounting Parsons CPA Tax Filing and Tips Tax Relief

Parsons CPA announces Senior Manager

Charlotte, NC: The Executive Team at Parsons CPA, PLLC is proud to announce the promotion of Jonathan M. Hardin, CPA to Senior Manager. After a painstaking year, businesses are finding a guiding light through the 2020 fog by utilizing qualified tax and financial professionals. Jonathan and the team at Parsons CPA say they have been […]

Categories
Parsons CPA

Parsons CPA Announces Newly Appointed Executive

Charlotte (NC) Parsons CPA announces the appointment of Alyssa S. Carlson to the Executive Team as Senior Manager. Alyssa’s extensive knowledge of Attest Services, specialization in the niche markets of Employee Benefits Plan Audits and SOC Examinations, combined with Tax and Business Consulting has led her to be an integral asset to Parsons CPA and […]

Categories
Parsons CPA

Parsons CPA Announces Management, Senior Promotions

Charlotte (NC) Parsons CPA, PLLC announces promotions to Management and Senior Level Consultant Positions. Along with new positions, various members of staff have also achieved new levels of recognition within their positions. Parsons CPA expects more promotions to follow as the firm grows and talent continues to reach new heights.     This year has been […]

Categories
Parsons CPA PPP Loans Small Business Relief

New PPP Forgiveness Guidance Issued

The U.S. Small Business Administration (SBA) and Treasury issued an interim final rule Monday addressing Paycheck Protection Program (PPP) forgiveness issues related to owner-employee compensation and the eligibility of nonpayroll costs. Specifically, the interim final rule establishes that owner-employees with less than a 5% stake in a C or S corporation are exempted from the PPP owner-employee compensation […]

Categories
Advisory and Business Consulting Parsons CPA Small Business Loans

End of LIBOR: What Small Businesses Need To Know

As 2021 draws near, our business world is getting closer and closer towards the phasing out of LIBOR, an interest- rate reference that has been used in both lending and borrowing contracts since the mid-1980s. As this phasing out occurs, businesses both small and large, financial and nonfinancial, will feel and see the impact of […]

Categories
Parsons CPA PPP Loans Small Business Relief

PPP Loan Forgiveness FAQs

The U.S. Small Business Administration (SBA), in consultation with Treasury, released guidance answering 23 frequently asked questions regarding the forgiveness of Paycheck Protection Program loans. The FAQs, published in a new 10-page document, are divided into four sections addressing different aspects of the process and calculations PPP borrowers should use to determine how much of their […]

Categories
Parsons CPA

Partner, Alisa Johnson, Celebrates 20 Years with Parsons CPA, PLLC

As Partner at Parsons CPA, PLLC, Alisa Johnson has been a driving force in making area small businesses successful. With over 20 years in Public Accounting and 10 years in Private Industry, Alisa has been a symbol of trust, vision and dedication to local business owners. Alisa celebrates this milestone as Parsons CPA, PLLC also […]