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...
At its May 20, 2020 meeting, the FASB voted to approve the proposed deferrals of the effective date for ASC 842, Leases (“ASC 842”), and ASC 606, Revenue from Contracts...
In March 2020, the Securities Exchange Commission (SEC) amended its rules to allow all smaller reporting companies (SRC) that have less than $100 million in annual revenue to qualify as...
In accordance with ASC 205-40, at each annual and interim reporting period, management must evaluate whether there are conditions and events (that raise substantial doubt about an entity’s ability to...