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The Employee Retention Credit (ERC) was created as a response to the COVID-19 pandemic through the Coronavirus Aid, Relief, and Economic Security (CARES) Act as a means of incentivizing employers to...
President Biden has signed the PPP Extension Act of 2021. The new law extends the Paycheck Protection Program (PPP) application filing deadline from March 31, 2021, to May 31, 2021, thus providing...
The Employee Retention Credit (ERC), which was created to encourage employers to keep their workforces intact during the COVID-19 pandemic, has been with us for a year. But questions about it remain...
The IRS has announced that the federal income tax filing deadline for individuals for the 2020 tax year is extended from April 15, 2021, until Monday, May 17, 2021. The IRS extended the deadline to...
On March 11, 2021, President Biden signed into law the American Rescue Plan Act (ARPA). The $1.9 trillion law is intended to provide far-reaching relief from the economic and other repercussions of...
Click to view the latest updates as of March 16, 2021
The Virginia Businesses 2021 annual Big Book review was recently released, naming Brown Edwards sixth among all Virginia accounting firms and second among Virginia-based accounting firms.
The Association of Certified Fraud Examiners, ACFE, has released the Banking and Financial Services Edition of its 2020 Global Study on Occupational Fraud and Abuse.
Over the past year, the U.S. money supply has increased significantly, as is shown by the growth in the money supply measurement known as “M2.” M2 includes cash, checking, savings, money market...