As a follow-up to our recent article Localities Set Up Recovery Loan and Grant Programs, the County of Westchester Industrial […]
FASB: Updates to Simplify Accounting for Convertible Debt, Contracts in an Entity’s Own Equity, and EPS
The Financial Accounting Standards Board (FASB) recently issued Accounting Standards Update (ASU) 2020-06 Debt – Debt with Conversion and Other Options and Derivatives and Hedging – Contracts in Entity’s Own Equity.
With each passing day, more and more Paycheck Protection Program (PPP) borrowers are focusing on loan forgiveness. Since the program first launched, we have worked with hundreds of borrowers, initially on the loan application process, and then since early June, on loan forgiveness.
As you know, PPP support for small and mid-sized businesses was introduced on April 3, 2020. In less than two weeks, […]
The COVID-19 pandemic has necessitated one of the most pervasive adjustments that a business has to face: operating in a remote environment.
Cyber criminals are not ashamed to exploit security gaps triggered when employees work away from the office. Fortunately, these vulnerabilities […]
Featured guest speaker Jeb Hensarling, UBS Executive Vice Chairman and Former Congressman provides a comprehensive review of the current financial […]
Not only has the Corona Aid, Relief, and Economic Security (CARES) Act passed last March injected trillions of dollars into the economy via the Paycheck Protection Program and the economic stimulus payments, it has also made an important, and very beneficial, change to the required mandatory distribution (RMD) law in 2020 for IRAs and defined contribution plans. In June, IRS Notice 2020-51 clarified some open issues.
The Treasury recently released final regulations regarding the application of the deduction for foreign derived intangible income (FDII).