The FASB issued ASU 2020-04, Reference Rate Reform (ASC 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, (“ASU”) to provide optional expedients and exceptions for applying...
As of June 17th, 2020, the Paycheck Protection Program has approved approximately 4.6 million loans for over $513 Million. On June 16th, the U.S. Small Business Administration (SBA) issued a...
On May 21, 2020, the SEC issued final rules that amend the financial disclosure requirements of Regulation S-X for acquired and disposed businesses. The SEC also amended the significance tests...
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The...
On June 5, 2020, President Donald Trump signed the Paycheck Protection Program Flexibility Act of 2020 that will make it easier to spend and receive a Paycheck Protection Program (PPP)...
As the economy slowly recovers from COVID-19, small businesses will face a myriad of decisions that will impact their ability to prosper and prepare for future growth. An accounting service...