Businesses continue to figure out new ways to drive revenue, manage expenses, and implement new measures to protect employees from COVID-19. The sudden shift to a business situation which months ago seemed impossible means there has been little time for much else.
According to the Association of Certified Fraud Examiners (ACFE) 2020 Global Study on Occupational Fraud and Abuse, employee corruption was identified as the leading source of fraud amongst nonprofit organizations. It was found that in 74% of the cases, either the Executive Director or Manager was the primary perpetrator of illegal activity.
By KLATZKIN TAX TEAM
The COVID-19 crisis continues to transform the business landscape. The convergence of forced business closures and dwindling demand for services has forced many to make difficult business decisions. For some, this has resulted in the need to layoff or furlough employees while others are carefully analyzing operating expenses.
By FRANK G. SWEENEY and STEPHEN N. KLEIN
The COVID-19 emergency has created a host of new challenges that businesses and employees must endure. For those impacted by the forced business closures and stay at home orders, it has meant finding new ways to deliver products and services while making the tough decisions around expense management and maintaining financial vitality.
There is a continual flow of news regarding the Paycheck Protection Program (PPP) from the Treasury Department (Treasury) and the Small Business Administration (SBA), and last week was a busy one
By Klatzkin Tax Team
The Paycheck Protection Program (PPP) has been a source of needed funding for many small businesses. The challenges presented by COVID-19 have resulted in drastically different business conditions that have left many on the brink of collapse.
By Klatzkin Tax Team
The Treasury published a list of frequently asked questions (FAQs) to update applicants and borrowers when the program started. It is quite comprehensive, and most do not check it regularly, but there is important information outlined to consider.
Much of the news recently around the Paycheck Protection Program (PPP) has focused on the second round of funding outlined in the Paycheck Protection Program and Health Care Enhancement Act.
