With regulations being relaxed in many states, organizations are turning their attention to how and whether to reopen their offices. Though health and safety questions are top of mind for many, strategic issues are also important to consider. In the midst of all the damage it has caused, the pandemic has given businesses an opportunity […]

The U.S. Small Business Administration (SBA), in consultation with Treasury, released Wednesday a revised loan forgiveness application for the Paycheck Protection Program (PPP). The SBA also unveiled a new EZ application for forgiveness of PPP loans. The applications reflect changes to the PPP made by the Paycheck Protection Flexibility Act of 2020, P.L. 116-142, which […]

As organizations across America reopen their workplaces in the wake of the COVID-19 pandemic, they face many new concerns: How can they keep staff as safe as possible? How many people will be allowed in the office at one time? How will they handle travel and visits to and from clients? Below are some of […]

Worst-case health scenarios, advance directives, and long-term-care options aren’t the easiest topics to broach. But CPAs can be the ideal professionals to talk with clients about the cost of future health care needs, both expected and unexpected. CPA financial planners offered advice on how to begin conversations with clients about planning for future health care […]

The death of George Floyd and the protests that followed have brought on a range of emotions for Steven Harris, CPA, CGMA, and Herschel Frierson as they advocate for racial justice, diversity, and inclusion in the accounting profession and the world. As African American men and leaders in the accounting profession, they have wrestled with […]

As a deadly pandemic hit the United States, drivers stayed off the roads. Accidents didn’t happen. And people skipped urgent medical treatments, fearing that they’d be infected by the novel coronavirus in the hospital. All of that led to a 40% drop in demand the last two weeks of March for the services of Life […]

GASB issued a proposed technical bulletin Thursday to assist state and local governments in their accounting for funds received as a result of the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136. The exposure draft, Accounting and Financial Reporting Issues Related to the Coronavirus Aid, Relief, and Economic Security Act (CARES […]

As the COVID-19 pandemic swept into the United States this spring, accounting firm Seiler LLP activated its crisis plan, allowing employees to make arrangements to work from home. On March 23, as employees from four offices logged on and work continued, departments ranging from HR to marketing remained involved to keep employees engaged, optimistic, and […]

‘Going to take at least a year’ East Coast Warehouse specializes in food and beverage logistics. Demand from large retailers remains strong. But kegs of beer for restaurants and bars have been sitting in the warehouse, and the freight trucking arm has seen a 10% decline in business, Harris said. Food supply chains will start […]

A nongovernmental entity may account for a Paycheck Protection Program (PPP) loan as a financial liability in accordance with FASB ASC Topic 470, Debt, or under other models, if certain conditions are met, according to new guidance for borrowers issued Wednesday by the AICPA. The AICPA worked with many of its volunteer members, and also […]