Review the recently released cost-of-living adjustments (COLA) as released by the Internal Revenue Service, taking effect January 1, 2021. ...
On December 22, the Office of Management and Budget (OMB) released its long-awaited 2020 Compliance Supplement Addendum (Addendum), intended to be used in conjunction with the 2020 Compliance Supplement to provide additional guidance on COVID-19 expenditures. The Addendum includes guidance on fourteen COVID-19 funded programs and identifies compliance requirements that are subject to audit.
There are four changes to that are important to be aware of in the Addendum:
Finally, for all new and existing programs presented on the SEFA, all COVID-19-related awards are required to be separately identified with the leading “COVID-19” before the name. Organizations will need to override the program title and present a separate line on the Data Collection Form.
Review the recently released cost-of-living adjustments (COLA) as released by the Internal Revenue Service, taking effect January 1, 2021. ...
Learn more about the PPP Loan Forgiveness and Deductibility of Expenses and what is included in taxable income for Pennsylvania. ...
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