Evolving Regulation, Legislation, and Compliance
Economic stimulus programs like the CARES Act, designed to provide relief to individuals and businesses, continue to be passed at a rapid pace. To obtain aid, organizations must fully understand their eligibility, along with any accompanying tax or financial reporting implications down the road.
New COVID-19 laws and regulations are rapidly being enacted. But what do they mean for your business?
COVID-19 has already significantly impacted companies’ financial performance and future viability. In response, the federal and local governments are enacting a variety of relief measures intended to help mitigate the COVID-driven economic devastation, from postponing tax filing and financial reporting deadlines to trillion-dollar stimulus programs.
To benefit from the relief mapped out in the historic legislation, organizations must understand its restrictions, requirements and nuances, as well as any corresponding implications for total tax liability, financial reporting, and oversight.