August 13, 2022

PPP loans

Turns Out a Place Called “Accountant ‘R’ Us” Was Not a Legitimate Business at Which to Get Your Taxes Done

A man in Connecticut is accused of taking $373,201 in PPP loans to fund a phony accounting firm: Eric James O’Neil, 57, was arrested Aug. 9 at his Bethel home on an arrest warrant and indictment issued by federal court in Boise, Idaho, where the bank that processed the loan is based. O’Neil formed Accountant […]

Number of the Day: $860,668

Things that are recession-proof during a global pandemic: Amazon Costco Netflix Alcohol Public accounting firms According to INSIDE Public Accounting, top-line growth for the top 100 public accounting firms this past year was 8.3%, which seemed like a pipe dream in March and April 2020 as the Rona was starting to rage in the U.S. […]

Number of the Day: $547,841

As the Paycheck Protection Program has again thrown out a life raft of relief loans this past week to struggling small businesses, our friends at INSIDE Public Accounting recently surveyed 110 managing partners and CEOs to find out how their firms worked to serve clients with PPP-related advice and assistance in 2020. What the survey […]

Here Are the Accounting Firms That Received PPP Loans Because We Know You Want to Know

As you may have seen by now, the U.S. government has recently released data on which companies received PPP funds, and anyone with more than $150,000 from Uncle Sam in their pocket had some ’splainin to do had they also laid off staff en masse. We figured a few accounting firms would be on the […]