February 2020 Article Archives

4 Reopening Mistakes Employers Must Avoid

Published June 14, 2021

I love the public accounting profession and want the absolute best for the people within it. I have been so proud of the quick pivot firms made to remote work and the practitioners’ ingenuity and productivity as they sought to help others during the COVID-19 pandemic. Now, as the vaccine process continues, I’m excited by the possibility of a real reopening in our workplaces.

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TAXFAX- Updates to the PPP Loan Program and Cooperatives

Published June 14, 2021

Under the Coronavirus Aid, Relief, and Economic Security Act (“CARES”) enacted in April of 2020, Congress announced the Paycheck Protection Program (“PPP”) to help small businesses weather the negative economic impact caused by the COVID pandemic. Loans under the PPP are 100% guaranteed by the Small Business Administration (“SBA”), and the full principal amount of the loans and any accrued interest may qualify for loan forgiveness.

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ACCTFAX Bulletin Board

Published June 7, 2021

The Private Company Council (PCC) met on Thursday, December 3, 2020. Below is a brief summary of issues addressed by the PCC at the meeting:  PCC Issue No. 2018-01, Practical Expedient to Measure Grant-Date Fair Value of Equity-Classified Share-Based Awards: FASB staff gave an overview of the feedback received from comment letters in response to the proposed Accounting Standards Update—Compensation—Stock Compensation (Topic 718):

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