The Financial Accounting Standards Board (FASB) has issued ASU 2020-05 in response to the ongoing impacts to US businesses in response to the coronavirus (COVID-19) pandemic. Accounting Standards Update (ASU) 2020-05, Revenue…
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Economists will look back on 2020 as a year with a distinct before and after. In early March, most companies’ sales projections looked a certain way. Just a few weeks…
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The Economic Impact Payment (aka "Stimulus Payment) - Debit Card Debacle If you are like me, the first thing you do after leaving your mail “rest/sanitize” for 24-hours is to…
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Due to Covid-19, many businesses in our communities are facing extremely difficult situations. Whether you’re seeking support for paid leave or are facing a cash flow issue, there are many…
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On December 21, 2020, Congress passed another stimulus bill aimed to help individuals and businesses during the COVID-19 pandemic. The President later signed the bill right before 2020 year-end. Read…
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The Small Business Administration (SBA) has extended the repayment deadline for Payroll Protection Program (PPP) borrowers that wish to take advantage of the “good faith” self-certification of eligibility option. The…
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