On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act of 2020, which loosens several of the Paycheck Protection Program’s (PPP’s) more onerous restrictions regarding loan forgiveness. This article reviews the details of the law, along with some recent guidance for borrowers.

Joint ventures enable two construction companies to partner up to distribute risk, apportion resources and, one hopes, share profits. The arrangements can be a good fit for large or complex jobs. This article examines some of the many risks involved, including finding the ideal partner and covering the financial details.

All too often, contractors reach the end of a financial reporting period believing they’ve turned a healthy profit. Unfortunately, after accounting adjustments, the profit margin turns out to be much thinner than anticipated. This article explores a way to prevent such unpleasant surprises: maintaining an accurate contract schedule.

The IRS issued new 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for various purposes. This article provides an overview of the rates and how they may affect you.


The loan forgiveness features of the Paycheck Protection Program are complex, and the continual changes to the guidance can greatly complicate planning. Nevertheless, meeting the requirements for forgiveness is key. At Dannible & McKee, we recognize that navigating through all the information and understanding the process is overwhelming. Our experts have remained up to date on the provisions of the Paycheck Protection Program and have developed key strategies around it. We can assist you by providing clarity and direction so that you maximize your loan forgiveness. Contact your Dannible & McKee professional today.


About Dannible & McKee, LLP

Dannible & McKee, LLP has been providing audit, tax, accounting and financial management consulting services to clients nationwide since 1978. We are highly respected among construction leaders, and we are actively involved with our construction clients and the many organizations affecting their businesses. We go beyond our competition by conducting one-on-one, year-end planning meetings to review your operations and plan for income taxes, banking and bonding concerns. Because of our comprehensive familiarity with all aspects of construction, we’re able to assist you in business planning and long-term goals, all while resolving your daily operational needs to maximize cash flow.

To learn more about Dannible & McKee, visit us at: www.dmcpas.com