COVID-19 Resource Center

COVID-19 Updates

COBRA provisions play critical role in COVID-19 relief law

During the COVID-19 pandemic, many employees and their families have lost group health plan coverage because of layoffs or reduced hours. If your business has had to take such steps, and it’s required to offer continuing health care coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA), the recently passed...
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How to compute your company’s breakeven point

Breakeven analysis can be useful when investing in new equipment, launching a new product or analyzing the effects of a cost reduction plan. During the COVID-19 pandemic, however, many struggling companies are using it to evaluate how much longer they can afford to keep their doors open. Fixed vs. variable...
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Analytical procedures can help make your audit more efficient

The use of audit analytics can help during the planning and review stages of the audit. But analytics can have an even bigger impact when these procedures are used to supplement substantive testing during fieldwork. Definition of “analytics” Auditors use analytical procedures to evaluate financial information by assessing relationships among...
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CAA 2021 Employee Retention Tax Credit and Employee Benefits

The Consolidated Appropriations Act, 2021 made significant changes to the Employee Retention Tax Credit, paid sick and family leave as well as Flexible Spending Accounts. In this video, we will provide an overview of the changes and how they apply for the 2020 and 2021 tax years.

Should my distressed company consider a debt restructuring?

Many businesses have experienced severe cash flow problems during the COVID-19 pandemic. As a result, some may have delayed or missed loan payments. Instead of filing for bankruptcy in court, delinquent debtors may reach out to lenders about restructuring their loans. Restructuring vs. Chapter 11 Out-of-court debt restructuring is a...
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