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Senate Passes COVID-19 Relief Package
Update: The House of Representatives voted to approve the Senate bill on Thursday, April 23. It will now go to President Trump, who is expected
The CARES Act: A Closer Look at Certain Provisions for Businesses
We’re now more than two weeks out from the enactment of the Coronavirus Aid, Relief, and Economic Securities Act (CARES Act), legislation that put $2.2
The CARES Act: A Closer Look at Provisions for Individuals
The Coronavirus Aid, Relief, and Economic Securities Act (CARES Act), enacted a little over two weeks ago, put $2.2 trillion in relief funds into action
The CARES Act, Section 2206: Exclusion of Certain Employer Payments of Student Loans
The COVID-19 pandemic has certainly set a somber tone for our current news media. But there’s one player among headlines that may hold a silver
ARB’s 13-Week Cash Flow Analysis: A Resource for Small Businesses During the COVID-19 Crisis
Businesses across the U.S. are experiencing significant changes as the COVID-19 crisis continues to affect day-to-day operations. At ARB, we recognize that every business has
A Resource for Employers: Template for Explaining COVID-19 Benefits
As the COVID-19 crisis continues to affect our lives and business operations, both employers and employees are navigating in uncharted territory. Recent legislation has made
IRS Issues Final Regulations for Meals and Entertainment
The Tax Cuts and Jobs Act (TCJA) of 2017 changed the deduction businesses are allowed for meals and entertainment. Upon passage of the TCJA, the
PPP Loans and Buying or Selling a Dealership
We are seeing more buy/sell activity in the auto industry. During the documentation phase of these transactions we’ve been advising sellers, and buyers, what should
FinCEN Director Calls on Credit Unions and Banks for Help: SARs Related to COVID-19
The 2020 ACAMS Annual AML & Anti-Financial Crime Conference was held this week, and Financial Crimes Enforcement Network (FinCEN) Director Ken Blanco was among the
Accounting for Automotive Inventory: LIFO, Specific Identification, & Valuation Method Considerations
As an automotive dealership, your inventory is your largest current asset, so properly measuring inventories against expenses and revenue is imperative. Key financial and operational
FASB ASU 2020-07: New Standard Addresses Nonprofit Gifts-in-Kind
On September 17th, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-07 on Topic 958, Presentation and Disclosures by Not-for-Profit Entities for