by Controllers Council | Dec 14, 2020 | COVID-19, Legislation
It looks like businesses suffering from the lockdowns likely have another round of PPP funding on the way. Passed after months of squabbling in both chambers, the Bipartisan Emergency COVID Relief Act of 2020 appears to be approaching passage. A wide-ranging proposal,...
by Controllers Council | Oct 26, 2020 | Legislation
The lease rules are complicated. With public companies still working to clarify everything, private companies were given some recourse—a delay in adoption. But with the delay due in part to needed clarification, some of the changes were proposed in a recent letter...
by Controllers Council | Sep 28, 2020 | COVID-19, Legislation
Are you ready to put 2020 behind you? You probably aren’t alone. But for those of you who have taken the Paycheck Protection Program loan, you still have a hurdle before you can truly wash your hands of the lockdowns and pivot toward the reality of 2021. In a blog...
by Controllers Council | Sep 28, 2020 | Accounting, Legislation
You know the drill. The FASB introduces a new code. Most companies procrastinate or hesitate to implement it. The changes go live. You make the necessary changes and ask yourself, “why did we wait so long to adopt the changes?” After ASC 606 left companies scrambling...
by Controllers Council | Sep 9, 2020 | Legislation
In most cases, the government moves incredibly slow. Two years would normally seem like a long time to get anything done—especially considering that the decision in Wayfair overturned half a century of precedent. But when it comes to collecting taxes, they rely on...
by Controllers Council | Aug 26, 2020 | Legislation
As we’ve discussed previously, while the Paycheck Protection Program has given many businesses a lifeline to keep running in the wake of government lockdowns, the upcoming period in which businesses apply for forgiveness may create challenges or blind spots for...
