OMB Approves Compliance Supplement Addendum for COVID-19 Programs

On December 22, 2020, the Office of Management and Budget approved and posted the Compliance Supplement Addendum for COVID-19 programs administered in 2020. This addendum is effective for audits beginning after June 30, 2019. The reason for the addendum is to provide guidance for entities with COVID-19 program expenditures that

Read More

COVID-19 Relief Bill Passed – Here Are the Benefit Details

On December 15, 2020, Congress introduced two bipartisan COVID-19 relief bills: the COVID-19 Emergency Relief Act of 2020 ($748 billion) and the State and Local Support and Small Business Protection Act of 2020 ($160 billion), that contain payroll-related provisions. Additional benefits to small businesses are included in the COVID-related Tax

Read More

Two COVID-19 Relief Bills: Key Provisions Summarized

On December 15, 2020, Congress introduced two bipartisan COVID-19 relief bills, the COVID-19 Emergency Relief Act of 2020 ($748 billion) and the State and Local Support and Small Business Protection Act of 2020 ($160 billion), that contain payroll-related provisions. Congress included additional benefits to small businesses compared to the first

Read More