18 Mar 2021 Accounting Considerations for PPP Loans and Employee Retention Credit
Authored by RSM US LLP |
In addition, we have updated our white paper, Coronavirus: Financial reporting considerations, to provide an overview of the Employee Retention Credit (ERC), which was introduced by the Coronavirus Aid, Relief, and Economic Security Act in March 2020 and revised and expanded by the Consolidated Appropriations Act, 2021 in December 2020. We also discuss the financial reporting implications when an entity expects to benefit from the ERC.
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This article was written by RSM US LLP and originally appeared on 2021-03-18.
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