The six-person panel, “Accounting and Auditing in COVID Times,” sponsored by the Foundation for Accounting Education, will examine how the pandemic affected industry practices. ACI’s focus during this panel will be to share practical lessons learned while helping over 50 broker-dealer clients navigate the SBA-backed Paycheck Protection Program.
Our original plan was to implement a partial return on July 6th. After discussing amongst our staff and weighing the consequences, we have decided to hold off until at least September.
The government continues to address the concerns of small businesses who have borrowed money through the SBA-backed Paycheck Protection Program (PPP).
New guidance released over the holiday weekend offered more clarity about the conditions for loan forgiveness, while the U.S. House of Representatives yesterday passed a bill to provide more flexibility for borrowers.
Jay Gettenberg of ACI is now a District 10 Small Firm Representative.