The FASB has issued ASU 2021-03, which provides a new goodwill impairment alternative for private companies and not-for-profits.
PPP extension clears Senate. Program to be extended to May 31, with 30 days provided after May 31 for SBA to process pending applications.
Our white papers have been updated with more information regarding the accounting for PPP loans and the Employee Retention Credit.
Managing significant tax changes will ensure individuals and businesses are positioned for success for the remainder of 2021 and beyond.