On October 6, 2020 we held a free webinar discussing how COVID-19 has changed business standards such as revenue recognition, leases, and accounting for PPP loans.
LIVE WEBINAR RECORDING: COVID-19 Accounting Changes
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Covid-19
4 Recent Accounting Changes
Whether it is working from home, virtual school, or curbside pickup at your favorite restaurant, 2020 has had no shortages of changes and required adaptations. Accounting in 2020 is not exempt from these changes.
IRS Publishes Release Regarding Business Interest Expense Limitations
The Internal Revenue Service (IRS) finalized guidance regarding business interest expense limitations. Here is an overview of the rules.
Payroll Tax Deferral Guidance
On August 8, 2020, President Trump issued an executive order and three memoranda providing or extending COVID-19 relief to individuals and organizations. On August 28, 2020, the Department of Treasury and Internal Revenue Service issued guidance for implementing the memorandum’s payroll tax deferral portion.
Payroll Tax Deferral Memorandum – What Do We Do Now?
On August 8, 2020, President Trump issued an executive order and three memoranda providing or extending COVID-19 relief to individuals and organizations.
Post-Covid: Owning a Business in the New Normal
Managing through the COVID-19 business disruption, you have been adapting and stretching your creativity to safeguard business continuity. You are learning what it takes to thrive in the new normal of business.