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Topic: Covid 19 Regulatory Compliance Relief Benefits

FASB Provides Guidance on COVID-19 Related Lease Concessions
By Chirico Rozsa, CPA on May 1, 2020

With the uncertainties surrounding the COVID-19 pandemic, the Financial Accounting Standards Board (FASB) has received several questions from stakeholders about the application of Topics...

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Use of Retirement Funds Under the CARES Act
By Rachel Ashcroft on April 14, 2020

Whether you are a Plan Administrator or a participant in a retirement plan it is important to understand these benefits. Section 2103, Special Rules for Use of Retirement Funds of the...

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IRS Extends More Tax Deadlines
By Freed Maxick on April 10, 2020

Action expands previous action to cover individuals, trusts, estates, corporations and others To help taxpayers, the Department of Treasury and the Internal Revenue Service announced today...

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FASB Proposes Lease Standard Deferral
By Freed Maxick on April 8, 2020

The standard would be effective for fiscal years beginning after December 15, 2021. On April 8, 2020, the FASB issued a proposal to defer the effective date for ASU 2016-02, Leases, and...

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COVID-19: Regulators and Agencies Extend Much-Needed Regulatory Relief to Businesses
By Freed Maxick on April 1, 2020

COVID-19 is presenting challenges for many companies. To address these challenges, many regulators/agencies have issued orders, releases and statements which allow, subject to certain...

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New York State Tax Extension Update
By Freed Maxick on April 1, 2020

New York has extended the April 15 due date to July 15, 2020, for personal income tax and corporation tax returns originally due April 15, 2020, due to the coronavirus pandemic. The...

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