MAY 28, 2020 The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section
At the May 20, 2020 meeting, the FASB voted to approve earlier proposed deferrals: ASC 842, Leases, for all private companies and private not-for-profit entities ASC 606, Revenue from Contracts with Customers, for franchisors that are not public business entities
MAY 20, 2020 On Friday, May 15, 2020, the Small Business Administration (SBA) released the Paycheck Protection Program (PPP) Loan Forgiveness Application. While the Department of the Treasury announced that guidance and regulations will be issued soon to further assist
MAY 18, 2020 On Friday, May 15, the Small Business Administration and Treasury Department released the Paycheck Protection Program Loan Forgiveness Application. The SBA is expected to soon issue regulations and further guidance to assist borrowers in completing the application.
MAY 15, 2020 While the Coronavirus Aid, Relief, and Economic Security (CARES) Act provided some financial relief for struggling nonprofits, it falls far short of fully covering their needs. Our latest blog post offers tips for sustaining nonprofit finances during
MAY 14, 2020 For those who have participated, and for potential participants, in the various assistance programs related to COVID-19 relief, there are critical considerations to ensure government assistance is viable and worthwhile for your organization, including access to funds,
MAY 14, 2020 The Small Business Administration (SBA), in consultation with the Department of the Treasury, intends to provide timely additional guidance to address borrower and lender questions concerning the implementation of the Paycheck Protection Program (PPP), established by section
MAY 7, 2020 A seller-financed ESOP transaction provides a viable, flexible path to liquidity amid novel coronavirus, or COVID-19, uncertainty and a potential cashflow lending freeze. As the popularity of using an Employee Stock Ownership Plan (ESOP) as a liquidity
MAY 7, 2020 Many U.S. state and local authorities have already begun lifting stay-at-home and business shutdown orders, while others have outlined plans to ease those orders in the near future. Since the novel coronavirus (COVID-19) remains a threat, most
MAY 7, 2020 The novel coronavirus (COVID-19) pandemic is changing the way we work. More specifically, it is changing where we work. At first blush, simply working from home might not raise any tax-related red flags. Why should it matter
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