Introduction With the continued spread of COVID-19 and its overwhelming effect on the global economy, we anticipate companies will experience complex accounting and reporting issues across multiple areas of their financial statements. Companies will need to consider whether those issues, as well as operational disruptions to...
On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provides relief to taxpayers affected by the novel coronavirus (COVID-19). The CARES Act is the third round of federal government aid related to COVID-19. We have...
On March 27, 2020, President Trump a sweeping $2.2 trillion stimulus package designed to abate the economic damages caused by the coronavirus (COVID-19) pandemic. The Coronavirus Aid, Relief, and Economic Security (CARES) Act is the third piece of legislation crafted to address the economic havoc...
As the world continues to feel the resounding impact of the coronavirus (COVID-19) pandemic, it is difficult to keep up with everything that is happening. New legislation and policies are in the works and being announced every day. In order to proactively provide information to...
There is a lot of scary stuff happening right now. Many are struggling to maintain good mental health in light of the Coronavirus pandemic. For some, the mental strain is exacerbated by the fact that so many are practicing social distancing. So how can you maintain...
On Friday, March 20, 2020, Secretary of the Treasury Steve Mnuchin released a statement that the federal tax filing deadline has moved in response to the ongoing coronavirus (COVID-19) pandemic. The new deadline of July 15, 2020, corresponds with the tax payment deadline previously rescheduled...
Many small businesses are reeling from the impact of the COVID-19 pandemic. Blackman & Sloop is here to help. We have gathered a list of helpful resources for small businesses to turn to during this unprecedented time. Federal Health Resources The President’s Coronavirus Guidelines for America –...
Tax relief provided by state and local tax and revenue departments in response to the novel coronavirus (COVID-19) is discussed in this article. Click Here to read the Entire Article » (.pdf)...
On Wednesday, March 18, President Trump enacted a coronavirus emergency relief package, known as Families First Coronavirus Response Act. The legislation includes relief for American workers required to take time off work because of the coronavirus, the Emergency Paid Sick Leave Act of 2020. The act...
Now present on every continent except Antarctica, COVID-19 has infected more than 125,000 people, and is responsible for more than 4,600 deaths. With the number of cases in the U.S. continuing to climb, individuals and companies alike are taking steps to prepare for a pandemic. From a...
