AICPA Calls for Federal Loans Backed by Accounts Receivables

Jannie Delucca

The American Institute of CPAs (AICPA) has referred to as for the Treasury Section and the Federal Reserve to produce a federally backed shorter-phrase accounts receivable lending facility that would enable companies to offer with the cash movement shortfalls introduced on by the coronavirus disaster.

In an open up letter to Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell, AICPA mentioned corporations were encountering “significant gradual-downs” in payments and the “extraordinary” economic problems have designed companies hesitant to get on typical risk.

“The AICPA has noticed a continuing have to have for shorter-phrase liquidity in the market. In these types of an sudden downturn, corporations have had to offer with the obstacle of harnessing enough cash while even now sustaining other types of shorter-phrase belongings, these types of as stock, in order to continue on their organization functions,” the letter, from AICPA main govt officer Barry Melancon,

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How to Prepare Your Workplace for Employees to Return

Jannie Delucca

Until eventually there is a vaccine or cure for COVID-19, it is crystal clear that workplaces, significantly dense offices in significant towns, will have to make some alterations for workforce to return. This will need to change the business office ecosystem for worker safety will come at a time when budgets are straining less than a economic downturn and shed earnings. Setting up and generating good use of the remaining time throughout which workforce are doing work from property can aid decrease prices and get your office performing extra speedily.

Consider the Publish-Pandemic Office

As workforce commence to return to offices, some companies will find they will need fewer place than prior to. Some staff who went remote throughout the pandemic will want to continue to be remote in the extended term. Other companies will need extra square footage to give adequate spacing among staff. Now is a terrific time

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