A Revisit of “Known or Knowable” and Subsequent Events in the COVID-19 World
By Robert B. Morrion, ASA BV/IA and Alexander Dokuchaev, CFE We have a recurring client for whom we perform an annual valuation as of December 31. The company is in the conference/event logistics space. We spoke with the client during December and we agreed that the valuation date would be December 31, 2019, that the […]
Main Street Lending Program: Details and Guidance
By Scott Lewis, CPA, MSA Last week, the Federal Reserve announced the details of the new Main Street Lending Program, a package that provides up to $600 billion in loans to small and midsize businesses with up to 10,000 employees and less than $2.5 billion in revenues in 2019. This program was designed to fill […]
Forgiveness of the Paycheck Protection Program (PPP) Loans
by Scott Lewis, CPA, MSA As part of the interim guidance provided by the SBA, the amount of loan forgiveness on the Paycheck Protection Program (PPP) loans can be up to the full principal amounts of these loans and any accrued interest, as long as the borrowers use all of the loan proceeds for purposes […]
Coronavirus Aid, Relief, and Economic Security (CARES) Act
By Jennifer Kobylarz, CPA, MST The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law by President Trump on March 27, 2020. The $2.2 trillion stimulus package aims to provide aid for workers, small businesses, and industries impacted by the recent Covid-19 pandemic. We will be providing a series of articles covering […]