A recent SEC proposal, along with strong interest from enterprise companies, is resulting in many privately held companies calculating and reporting their greenhouse gas (GHG) emissions to major customers. With the pressure to mitigate the effect of GHG emissions on climate change,

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The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2021-07, Compensation-Stock Compensation (Topic 718) titled “Determining the Current Price of an Underlying Share for Equity-Classified Share-Based Awards.”

The amendments in this update affect all nonpublic entities that issue equity-classified share-based awards and elect the practical expedient in this update.

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The Consolidated Appropriations Act, 2021 made a second draw of Paycheck Protection Program (PPP) loans available to qualifying organizations. Here is an overview of the entities eligible for first and second draw PPP loans:

Eligible for First Draw PPP Loans

• Small entities that,

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Regulatory changes at the SEC and demands from large enterprise customers are requiring many small and midsized businesses (SMBs) to report the volume of their greenhouse gas emissions. Some customers are also requiring that these reports are then verified by independent third parties.

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