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What Can Business Owners Do Now to Prepare for a COVID-19 Business Interruption Claim?

Though many businesses are reopening, generally in a limited capacity, most are not back to their
June 29, 2020

IRS, You’ve Got Mail…Eleven Million Pieces of It

As the Internal Revenue Service (IRS) begins to recall its employees throughout the month of June

OMB Issues COVID Impact Update on Federal Awards

On June 18, 2020, the Office of Management and Budget (OMB) issued a new memorandum, M-20-26
June 23, 2020

SBA Releases New PPP Forgiveness Applications

The Small Business Administration (SBA) has released a revised Paycheck Protection Program (PPP) loan forgiveness application
June 19, 2020

Financial Accounting for PPP Loans

UPDATED June 15, 2020 – The AICPA, in consultation with the FASB and the SEC, has
June 15, 2020

FASB Defers Revenue from Contracts with Customers (Topic 606) and Leases (Topic 842)

As a result of COVID-19, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU)
June 8, 2020

Business Interruption Loss Calculations: Are All Relevant Factors Being Considered?

Lately, there has been a lot of attention on the issue of business interruption claims in
June 5, 2020

Senate Passes PPP Flexibility Act of 2020

On June 3, 2020 the U.S. Senate voted unanimously to pass new Paycheck Protection Program (PPP)
June 4, 2020

Compensation Cap for 2019 and 2020

The compensation limit for government contractor employees, as established by Section 702 of the Bipartisan Budget
May 26, 2020

Maryland Expands Pass-through Entity Tax to Circumvent Federal SALT Limitation

Maryland has become the most recent state to adopt a workaround to the federal $10,000 state
May 26, 2020