Current Expected Credit Loss (CECL) for Private Clubs
Read more about the new guidance on current expected credit loss (CECL) issued by the Financial Accounting Standards Board (FASB) and how it applies to private clubs.
Read more about the new guidance on current expected credit loss (CECL) issued by the Financial Accounting Standards Board (FASB) and how it applies to private clubs.
Most state and local governments have been lifting COVID-19 restrictions, leaving club management wondering how and if they still qualify for the ERC, especially in the quarter that restrictions are lifted.
The Paycheck Protection Program helped more than four million businesses continue to pay their employees during the coronavirus pandemic.
The good news at this point in the coronavirus news cycle is that we’re becoming accustomed to rapid change and a new normal of business operations, or lack thereof. As the saying goes, the devil is in the details.
Members join clubs for a variety of reasons, including golf, entertainment and networking, and in doing so, they become part of a close-knit community.
There is so much information out there, and it’s changing regularly, on the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
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