With the adoption of the new leasing standard (ASC 842), the first step is to identify your lease population, their payment terms, and the lease classifications. After you have identified these, where do you go from here? Finance and operating leases have different treatments in the financial statements. While both...
May 18, 2020 by Sheila Denny-Andrews
The following is a press release from the SBA on May 15, 2020. SBA and Treasury Release Paycheck Protection Program Loan Forgiveness Application Release Date: Friday, May 15, 2020 Release Number: 20-41 Contact: email@example.com Washington—Today, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the...
April 3, 2020 by Sheila Denny-Andrews
The following resource from the American Institute of CPAs provides an overview of the Paycheck Protection Program, a loan meant to provide businesses with quick access to cash: AICPA paycheck-protection-plan-resource