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Featured Insights

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Navigating Federal Funding Freeze Uncertainty: What Organizations Need to Know and Do

In an unprecedented move, the Office of Management and Budget (OMB) issued Memorandum M-25-13 on January 27, 2025, implementing a temporary pause...

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Are You Leveraging Your Software’s Full Potential?

In the realm of financial management, accounting software integration is a game-changer. It’s a key strategy for businesses seeking to...

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Nonprofits Pivot from Survival to Resilience: BDO 2023 Nonprofit Standards Benchmarking Survey

The BDO 2023 Nonprofit Standards Benchmarking Survey of more than 250 nonprofits highlights a crucial shift in the nonprofit sector...

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American Rescue Plan Act of 2021

On March 10, 2021, the U.S. House of Representatives passed a modified version of the American Rescue Plan Act of 2021 (ARP…

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News

CARES Act Relief FAQS for Plan Sponsors and Employees

The Coronavirus Aid, Relief and Economic Security (CARES) Act was a rapid response by the federal government to help businesses…

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Fraud Tax

IRS Identity Theft Procedures – Responding to Letter 6042C

One of the tools the IRS uses in its efforts to prevent tax-related identity theft and to confirm that a…

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SBA Issues Guidance on Additional PPP Funds

Most lenders have their portals open to accept PPP loan applications as of today. Please see additional information and guidance…

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Sassetti Turns 100 and Promotes First Female Managing Partner

Sassetti LLC celebrates 100 years of exceptional accounting, auditing, tax and advisory services.  Started by Frank L. Sassetti in Chicago…

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President Signs New Stimulus Bill December 27, 2020

The U.S. House of Representatives and U.S. Senate passed the Consolidated Appropriations Act, 2021 (bill), a massive tax, funding, and…

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