On Friday, April 24, President Trump signed the Paycheck Protection Program (PPP) and Health Care Enhancement Act into law. The new aid bill is boosting resources for various initiatives in response to the coronavirus pandemic
The CARES Act contains a number of provisions impacting businesses. This chart is meant to highlight the tax modifications and provide some potential planning ideas.
The Internal Revenue Service (IRS) released Notice 2020-23, announcing their extension of many additional key tax deadlines for both businesses and individuals.
On April 14, the Governmental Accounting Standards Board (GASB) released a statement proposing the postponement of the effective dates of certain accounting and financial reporting requirements set to go into effect soon.