Is it easier to qualify for IRS COVID-19 Employee Retention Credits (ERCs) for tax year 2020 or 2021?

Craig Brogan, CPA, an outside contributor to AC Surety discusses how contractors can determine if they’re eligible to receive a significant ERC refund check for tax years 2020 and/or 2021. craig.brogan@brogancpa.com(410) 610.8464 The IRS is still issuing employee retention credit (ERC) refunds for companies that retained employees during the COVID-19 restrictions in tax years 2020…

Read More

How Does an Unforgiven PPP Loan Affect My Bonding Capacity?

How Does an Unforgiven PPP Loan Affect My Bonding Capacity

Brent Headley, Surety Account Executive at Anderson & Catania Surety Services LLC, offers insight regarding PPP loans and their impact on surety bond capacity. Why Is It Important to Anticipate How a Surety Will Treat an Unforgiven PPP Loan? Obviously, if the PPP loan is unforgiven, the loan amount affects how the surety calculates the…

Read More

How Important is it to Work with a CPA Who is Well Versed in Surety?

How Important is it to Work with a CPA Who is Well Versed in Surety

Your financial statements are only as accurate as the accountant who prepares them. It’s important to work with a CPA who is construction-savvy and knowledgeable about construction accounting. What Interview Questions Can Be Used to Make Sure A CPA Is Construction-Savvy? Joseph Catania, President of Anderson & Catania Surety Services, LLC (jcatania@acsurety.com), suggests that you…

Read More