Our recent BNN Briefing is just out, with articles covering recent news for restaurants.
The Consolidated Appropriations Act, 2021, which became law in late December of 2020, amended Code Section 274 to provide that, for 2021 and 2022, “food and beverages provided by a restaurant” are generally 100% deductible. Because there was no other language in this provision, the scope and significance of this
Baker Newman Noyes is pleased to congratulate the following individuals on making advancements and achievements toward professional certifications this winter.
By now, you are likely familiar with the guidance related to loan modifications that was issued in response to the COVID-19 pandemic back in March (feels like a lifetime ago, doesn’t it?).
Baker Newman Noyes is pleased to congratulate the following individuals on making advancements and achievements toward professional certifications this spring.
Jeff Skaggs was recently quoted in a WG&L Accounting & Compliance article about flexible approaches for recording interest income on loan modifications for banks and credit unions as a result of the COVID-19 economic stimulus package. The full article can be found here.
We recently received clarification from the FDIC and HUD on two important reporting deadlines applicable to certain financial institutions.