It appears that Amyris (NASDAQ:AMRS) is finally turning a corner. High-margin product revenue from consumer brands is growing at a healthy clip. If the trend continues throughout 2020, then it’s possible the business could be on the path to generating operating income and positive operating cash flow in the next year or two even after […]

The U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, released an application form Friday for Paycheck Protection Program (PPP) loan forgiveness along with instructions for completing the form. The form and instructions offer borrowers details on how to apply for forgiveness of their PPP loans, consistent with the Coronavirus Aid, […]

Client attrition is the issue that’s keeping the most accounting firm leaders up at night amid the upheavals of the coronavirus pandemic, according to a new survey — even as a third of those leaders struggle to balance their work with the new personal responsibilities brought on by the new environment. The research, conducted by […]

From a financial market perspective, the novel coronavirus pandemic has led to global economic uncertainty and volatility. With such widespread impact, the economic effects are disrupting day-to-day accounting procedures. With the COVID-19 landscape presenting unique challenges that delay information from flowing into the accounting department, accountants must be better positioned to thrive in a post-pandemic […]

WASHINGTON—President Trump said he was considering whether to require Chinese companies to follow U.S. accounting rules to be listed on U.S. stock exchanges, though he expressed concern that such a move could prompt companies to take their listings elsewhere. In an interview on Fox Business Network’s “Mornings with Maria,” Mr. Trump said in response to […]

The U.S. Small Business Administration (SBA) issued a new interim final rule Wednesday night opening the door for lenders to increase existing Paycheck Protection Program (PPP) loans to partnerships and seasonal employers. In separate guidance, the SBA extended the safe harbor for returning PPP loans from May 14 to May 18. The new interim final […]

The coronavirus pandemic created a challenging environment for CPA practitioners related to the new auditor reporting standards that were developed by the AICPA Auditing Standards Board (ASB). CPAs and their clients will experience substantial benefits from implementing the new standards because they were developed to enhance the communicative value of the auditor’s report and align […]

Businesses that together with their affiliates accepted Paycheck Protection Program (PPP) funds of less than $2 million will be assumed to have performed the required certification concerning the necessity of their loan requests in good faith, according to guidance posted by the U.S. Small Business Administration (SBA) on Wednesday. The guidance, provided as Question 46 […]

Businesses that already had a lending relationship with a bank were more likely to obtain loans through the Paycheck Protection Program (PPP), according to an analysis of PPP data through April 16 published in a blog on the Federal Reserve Bank of New York’s website.  New York Fed economists Desi Volker, Ph.D., and Haoyang Liu, […]