The Small Business Administrator Jovita Carranza and U.S. Treasury Secretary Steven Mnuchin recently announced that recipients of Paycheck Protection Program (PPP) loans of $2 million or more should expect an audit if they apply for loan forgiveness. Here are some tips to position your small business or not-for-profit organization to receive the maximum allowable forgiveness, as well as to prepare for the subsequent government audit.
The IRS today reminds employers affected by COVID-19 about three important new credits available to them.
In the previous blogs of this series, several aspects of SOC examinations were explored. This portion will include an in depth look at the contents of a SOC 2 report.
In the previous blogs in this series, several aspects of SOC examinations were explored. This portion will include an in depth look at the contents of a SOC for Cybersecurity report.
The COVID-19 pandemic has introduced a wide variety of constraints and complications for businesses across the nation and the globe. The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed to help entities recuperate losses and weather through uncertain markets.
In the second blog of this series, ‘What is the ROI of a SOC Report?’,' the benefits of a SOC examination were discussed. Now that you know the value of SOC examinations, we we will cover the process and duration of getting a SOC engagement.
The New Jersey Economic Development Authority (NJEDA) will launch the application for its Small Business Emergency Assistance Loan Program on Monday, April 13, at 9 a.m. A link to the program application will be posted on the State’s COVID-19 Business Information Hub. To provide business owners the opportunity to prepare to apply for the loan, a PDF version of the application will be available on Monday, April 6. The loan program is part of a package of initiatives announced last week to support businesses and workers facing economic hardship due to the outbreak of the novel coronavirus COVID-19.
The first blog in this series ‘What is the ROI of a SOC report?’ asked the question: When your company suffers a cyber-attack, do you know what to do?
The coronavirus (COVID-19) pandemic has already had widespread effects on the U.S. economy. Demand for many goods and services has stalled, unemployment claims have reached record highs, and many academic institutions and businesses are operating online — if at all. Life has changed dramatically across the country.
With every passing day, more headlines emerge about cyberattacks compromising a seemingly endless array of entities. This problem seems as though it is only getting worse as individuals, corporations, and governments find themselves increasingly vulnerable to sophisticated attacks on their data and resources. The paradigm is changing from ‘if’ an entity will suffer an attack, to ‘when’ will the attack happen?