President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application filing deadline from March 31, 2021, to May 31, 2021,…
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Congress has passed the latest legislation aimed at providing economic and other relief from the COVID-19 pandemic that has haunted the country for the last year. President Biden is expected…
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On March 10, 2021, the House passed the American Rescue Plan Act of 2021. The Bill is expected to be signed by President Biden in the coming days. Join us for…
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Businesses and not-for-profit entities capitalize machines, furniture, buildings, and other property, plant and equipment (PPE) assets on their balance sheets. Here’s a refresher on some common questions about how to…
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In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606), which provides guidance for recognizing revenue from contracts with…
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The long awaited 2020 OMB Compliance Supplement addendum was released in December 2020. This addendum is to be used in conjunction with the 2020 Compliance Supplement, released in August 2020.…
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