New COVID-19 Relief Law Update Many businesses have retained employees during the COVID-19 pandemic. And enjoyed tax relief with the help of the employee retention credit (ERC). The recent signing…
Accounting Rules and How to Report COVID-19-related Debt Restructuring Today, many banks are working with struggling borrowers on loan modifications. As recent guidance from the Financial Accounting Standards Board (FASB)…
What qualifies as a “coronavirus-related distribution” from a retirement plan? As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain…
Do you have tax questions related to COVID-19? The COVID-19 pandemic has affected many Americans’ finances. Here are some answers to questions you may have right now. My employer closed…
Financial reporting and adjusting your financial statements The Corona-virus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related provisions for businesses hit…