Recently, the House of Representatives passed legislation that would provide $42 billion for the replenishment of the Restaurant Revitalization Fund (RRF). Additionally, the legislation would provide $13 billion for a new Hard Hit Industries Award Program designed for small businesses not eligible for other pandemic aid programs.
Learn about this pending legislation, and more, by clicking here.
Accounting For Natural Disasters
When property is damaged by a natural disaster or taken without an owner’s consent, businesses must be prepared to minimize economic harm and maximize financial relief by referring to Generally Accepted Accounting Principles (GAAP) for involuntary conversions.
Update To Single Audit Criteria
Since the publishing of our original article regarding federal funding being subject to single audits, federal guidelines have now been clarified. Funds expended through the RRF are not subject to single audit requirements. Learn more, including the impact on EIDL funds, by visiting us online.
Cyber Threats Amid Ukrainian Conflict
Whether your business's cybersecurity program is active or remains in the development stages, GBQ's IT Services team is pleased to share this resource guide to ensure you are prepared should conflict between Russia and Ukraine spill out into cyberspace and impact the U.S. directly.
Our address is 230 West Street, Suite 700, Columbus, OH 43215
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GBQ Partners LLC, 230 West Street, Suite 700, Columbus, OH 43215, 6149475301
