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SME CPA BLOG

Welcome to the SME CPA family.

August 31, 2020

Join us in welcoming our newest team members. Whether they are complete new hires or interns that were offered full time positions we are so happy that they have decided to join our family.

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How Non-Profits can Benefit from a CPA Firm

August 31, 2020

Non-profit organizations are valuable businesses that serve to further a social cause or provide a public benefit. They are great at driving economic development in virtually every sector of society. However, non-profits face rigorous accounting, reporting, and regulatory requirements. Meeting these stipulations can often be burdensome and if you’re left doing this alone, it can…

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SME CPA listed on INSIDE Public Accounting nationwide largest 400 accounting firms list.

August 31, 2020

It was announced that SME CPAs is in the ranking of the nation’s largest 400 accounting firms by INSIDE Public Accounting. The INSIDE Public Accounting (IPA) Survey and Analysis of Firms, is the longest-running, up-to-date ranking of the nation’s largest accounting firms. IPA’s annual rankings of the 400 largest firms in the U.S. are listed from the…

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SME CPA Promotions

June 24, 2020

Join us in congratulating our employees that received a promotion. They all deserve and earned it. SME CPAs would not be where we are today without our team.

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5 things you should do once you receive your PPP loan.

May 14, 2020

1. Only Use Money From The Loan on Forgivable Expenses You must track what you spend this money on in order to be able to apply for forgiveness. Recipients must not lose sight of the legal restrictions on the use of these fund. The SBA issued a Rule that requires PPP applicants to certify funds…

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Recent Tax Developments Impacting Non-Profit Organizations

April 21, 2020

Deadline Changes In response to COVID-19, the IRS recently released guidance on revised due dates and other provisions that impact non-profit entities. In Notice 2020-23, the IRS specifically extends the payment and filing deadlines for Forms 990-T and 990-PF. The notice also broadly provides relief for the full list of “time-sensitive actions” listed in Revenue…

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What you need to know about the PPP and EIDL loans

April 17, 2020

Have you applied for a PPP or EIDL loan and have you received your funds or you’re waiting for them? You may be asking yourself “What do I do now? How will I calculate the forgiveness portion of the PPP loan? My employees are currently drawing unemployment? Do I take them off and start paying…

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Families First Coronavirus Response Act.

March 20, 2020

As the novel coronavirus (COVID-19) continues to sweep the nation, the “Families First Coronavirus Response Act” (the Act) was approved by Congress and signed into law by the President on March 18, 2020 in an attempt to intended to ease the economic consequences stemming from the novel coronavirus disease (COVID-19) outbreak by providing family and…

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How to handle the Georgia Department of Labor’s partial claims process

March 19, 2020

On March 18th Governor Brian P. Kemp and the Georgia Department of Labor (GDOL) addressed an increase in the number of partial claims filed as a result of businesses reducing work hours or temporarily closing their doors in light of recent developments regarding COVID-19. The GDOL is mandating that GA employers file partial claims online…

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IRS grants postponing tax payment deadlines.

March 18, 2020

On March 20th Treasury Secretary Steve Mnuchin announced that federal filing and payments for taxes have been extended to July 15th. It is expected that state departments of revenue will follow the Feds by extending the April 15th tax filing deadline; but, at present, this action has not been taken. Remember that this only applies to your federal…

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