Accounting for Paycheck Protection Program (PPP) Loans

Accounting for Paycheck Protection Program (PPP) Loans

Certain not-for-profit (NFP) and small business entities are eligible for PPP loans if they have less than 500 employees. Proceeds from the loans are to be used for up to eight weeks of expenses including employee payroll costs, mortgage interest, rent, and utilities....
COVID-19 Relief and Implications for Retirement Plans

COVID-19 Relief and Implications for Retirement Plans

The below information summarizes CARES Act relief and implications for retirement plans as result of the effects of COVID-19. Plan Sponsor relief Extension to file Form 5500, Annual Return/Report of Employee Benefit Plan, due to be filed (originally or pursuant to a...