Looking for opinions. When do you think these wage subsidies should be recognized as income? When they are applied for or to the pay period that they apply to? I think maybe the treatment of the 10% subsidy might be different that the 75% one.
Also, we have many farm clients, when calculating the revenue drops is it strictly a month over month comparison? Just timing of sales could potentially make one qualify or not (they say cash basis is ok) even though year over year their revenues could be up.