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COVID-19 relief – CAA and CARES Act

01.29.2021 | Duration: 28:34

Understanding the financial reporting effects of recent COVID-19 relief, including the Consolidated Appropriations Act.

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Podcast overview

Professionals from our Department of Professional Practice discuss accounting, presentation and disclosure considerations of the Consolidated Appropriations Act.

Applicability

  • All entities affected by COVID-19
Insight
Coronavirus (COVID-19) tax developments
Latest tax developments related to COVID-19
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Podcast contents

  • 01:15 Paycheck Protection Program (PPP) summary
  • 04:25 Accounting for PPP
  • 08:25 Timing of accounting for PPP
  • 09:25 PPP tax items
  • 11:00 Employee Retention Credit (ERC)
  • 13:25 Accounting for ERC
  • 15:05 Background on income tax relief
  • 20:20 Accounting considerations for tax relief
  • 23:25 Other programs
  • 25:20 Disclosures

Meet our team

Image of Karen Silverman
Karen Silverman
Partner, Audit, KPMG LLP
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Image of Valerie Boissou
Valerie Boissou
Partner, Dept. of Professional Practice, and US-France Corridor Leader, KPMG US
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Image of Meredith Canady
Meredith Canady
Partner, Dept. of Professional Practice, KPMG US
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Image of Angie Storm
Angie Storm
Chief Accountant, Dept. of Professional Practice, KPMG US
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Image of Karen Silverman
Karen Silverman
Partner, Audit, KPMG LLP
Read bio
Image of Valerie Boissou
Valerie Boissou
Partner, Dept. of Professional Practice, and US-France Corridor Leader, KPMG US
Read bio
Image of Meredith Canady
Meredith Canady
Partner, Dept. of Professional Practice, KPMG US
Read bio
Image of Angie Storm
Angie Storm
Chief Accountant, Dept. of Professional Practice, KPMG US
Read bio

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