The variety of funding options available to organizations during the pandemic provided both opportunities and challenges. LBMC audit expert Buck Freeman helps wade through the confusion by providing some clarity as he discusses the overview of relief fund options, financial reporting considerations and important compliance regulations.

Click Here for a Sneak Peek Video – 0:55

Learning Objectives:

  • Understand different funding options available to organizations during the pandemic
  • Understand when relief funds can be recognized as income
  • Understand common presentation and disclosure considerations and explain to users of your financial statements the impacts
  • Understand the basics of a single audit and know the relevant dates for reporting under the various relief fund programs

On-Demand Webinar Duration: 28:59

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LBMC tax tips are provided as an informational and educational service for clients and friends of the firm. The communication is high-level and should not be considered as legal or tax advice to take any specific action. Individuals should consult with their personal tax or legal advisors before making any tax or legal-related decisions. In addition, the information and data presented are based on sources believed to be reliable, but we do not guarantee their accuracy or completeness. The information is current as of the date indicated and is subject to change without notice.