President Signs Massive Stimulus and Government Spending Bill Into Law

not-for-profits, accounting standards update, FASB, GYF, Grossman Yanak & Ford LLP, Pittsburgh, CPAs

On December 27, 2020,  President Trump signed the most recent stimulus bill and government spending bill avoiding a government shutdown and loss of Covid-relief benefits. Last week, the Senate overwhelmingly approved the bill late on December 22, 2020, just a few hours after the House voted to approve the package. The new bill is massive. At nearly 5,600 pages in length, the Consolidated Appropriations Act of 2021 combines the funding provisions to avoid a government shutdown with the the much-discussed and reported COVID-relief provisions.

For more information regarding the detailed contents of this bill, please see the related posts below:

Stimulus Bill Moves to the President’s Desk for Signature and Enactment

Initial Details of the Bipartisan Stimulus Package Released

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Bob Grossman

Bob, one of the firm’s founding partners, has over 40 years of experience in public accounting. He specializes in tax and valuation issues that affect businesses as well as their stakeholders and owners. Bob has extensive experience working with the Internal Revenue Services and also serves as an expert witness in litigation matters.
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