Accounting for the Employee Retention Credit : Cherry …
https://www.cbh.com/guide/articles/accounting-for-the-employee-retention-credit/
Executive SummaryDetermination of Appropriate Accounting PrincipleAuditor Response Business entities should account for ERCs using one of these standards after considering which standard would provide the most transparency to the users of their financial statements. ERCs, unlike PPP loans, are structured as a refundable credit and not a loan. If an entity accounted for their PPP loans under IAS 20 or ASC 958, there is a presumpti...
Business entities should account for ERCs using one of these standards after considering which standard would provide the most transparency to the users of their financial statements. ERCs, unlike PPP loans, are structured as a refundable credit and not a loan. If an entity accounted for their PPP loans under IAS 20 or ASC 958, there is a presumpti...
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