What You Need to Know Regarding Single Audit Compliance Related to COVID-19 Federal Funds Received

What You Need to Know Regarding Single Audit Compliance Related to COVID-19 Federal Funds Received OMB issues M 20-26, a memorandum regarding the extension of Administrative Relief for Recipients and Applicants of Federal Financial Assistance Directly Impacted by COVID-19, dated June 18, 2020, which provides some clarification on “Administrative Relief Read more…

Part III – PPP Loan Forgiveness: Good News, More Good News, A Little Bad News, and Oh, What a Surprise. YES!

On Friday night, Treasury and the SBA released the application for loan forgiveness, two supporting schedules, and instructions, eleven pages in all.  In addition, the SBA plans additional guidance and regulations soon. The Good News The SBA said its form and instructions are designed to reduce compliance burdens and simplify Read more…