Accounting

dollar money pixabay geralt -499481_960_720

June 16, 2020 

5 Steps Americans Can Take to Prepare for Recession

Establishing an emergency fund was overwhelmingly the most frequently cited step to prepare for a potential sharp economic downturn, included in 84 percent of CPA financial planners’ top three. Paying off high-interest debt (53 percent), reflecting on ...

Whats Next-Pixabay Geralt-4241792_1280

June 15, 2020 

Career Advice for Recent Accounting Grads: Job Hunting and the Pandemic

Graduating during this time will add its own challenges on top of the usual angst that comes along with finding, interviewing for and landing your dream accounting job. In fact, 75 percent of students with jobs have already seen them canceled, delayed or shifted to remote work. That’s especially tough considering many students rely on…

Jodi Chavez

PPP Paycheck Protection Program

June 15, 2020 

New Guidance on PPP Loans from Treasury and SBA

The U.S. Small Business Administration and Treasury Department have issued new and revised guidance for the Paycheck Protection Program.  This guidance implements the Paycheck Protection Program Flexibility Act (PPPFA), signed into law by President Trump on June 5, 2020, and expands eligibility for businesses with owners who have past felony convictions. To implement the PPPFA,...…

PPP Paycheck Protection Program

June 12, 2020 

56% of Businesses Surveyed Sought PPP Funds

Some 56 percent of business executives said their companies had sought relief funds through the Paycheck Protection Program (PPP), a $660 billion initiative under the CARES Act designed to protect small businesses and their employees...

 CFOs Expect Recession, but Aren’t Ready for One

June 10, 2020 

CFOs Expect Recession, but Aren’t Ready for One

A new study of chief financial officers and senior financial executives shows the majority (87 percent) of respondents believe a recession is likely, with more than half (53 percent) expecting it to last six months or longer.

 NY State Society of CPAs Elects Association’s 101st President

June 9, 2020 

NY State Society of CPAs Elects Association’s 101st President

Arcara is a member of the American Institute of Certified Public Accountants (AICPA) council and the New York Chapter of the National Association of Tax Professionals (NATP), and currently is serving as a board member and on its Education Committee.