COVID-19 Relief Bill – An Update Focused on PPP and ERC


The COVID-19 relief bill being debated since July in Congress was finally signed into law on December 27, 2020, as part of a broader Consolidated Appropriations Act, 2021. The new relief package ($900 billion) is intended to extend and modify certain provisions in the CARES Act ($2.2 trillion) enacted in March 2020. Together with the provisions in the CARES Act, this relief package is the largest provided by the US government in its history (e.g., the fiscal stimulus for the 2008 financial crisis was $700 billion) and is aimed largely at assisting US businesses and workers still suffering from the COVID-19 led economic hardship. The relief package is expected to stimulate the US economy during the first half of 2021.


HLS Global Group and HWS GmbH & Co. KG Form International Strategic Joint Venture

September 30, 2021

HLS Global

HWS GmbH & Co. KG

HLS HWS Europe GmbH


HLS Global Announces the Establishment of Japan Desk at the Stuttgart Office

Creating New Opportunities for Japanese Companies in Europe through a Partnership Founded on Trust


Los Angeles, CA, U.S.A. / Stuttgart, Germany:

As of September 1, 2021, the HLS Global group announced the opening of its new branch in Stuttgart, Germany, to start the provision of various support services to the local subsidiaries of Japanese companies in Europe.  After starting in the U.S. 30 years ago, and establishing offices in Japan, Mexico and India, this newest branch enhances HLS Global’s international expansion to Europe.  As announced on July 30, 2020, HLS Global has formed a strategic joint venture with HWS GmbH & Co. KG (“HWS”), and the firms will collaborate together  to jointly provide a variety of services in Europe. HWS is an consulting and accounting firm with a rich history of nearly 100 years and approximately 550 employees in the Stuttgart area.  Through this collaboration, the firms will integrate HLS Global’s knowhow accumulated through services provisioned to Japanese companies globally, into the proficiency developed by HWS to provide superior quality services to support the operations of Japanese companies globally.  Some of the services provided as part of this collaboration will include diverse areas like accounting, financial reporting, outsourcing, taxation, legal advice, IT advisory, business advisory etc.

The COVID-19 pandemic still has an adverse effect on global economies resulting in a considerable impact on the movement of goods, services and people, and most global businesses have been forced to cope with this ‘new norm’ on a regular basis. The HLS Global Group remains committed to enhance our capability and thrive to improve our services continuously in order to realize our mission of becoming the world’s most trusted accounting & advisory firm for supporting the operations for Japanese companies globally. 


About HLS Global Group: The HLS Global Group is an international accounting and business advisory firm that provides accounting, tax, audit, advisory, and consulting services. Founded in 1990, HLS Global has grown to more than 150 professionals serving clients in the U.S., Japan, Mexico, India, and now Germany. While catering to the business requirements of Japanese subsidiaries operating abroad, HLS Global also provides comprehensive solutions to non-Japanese multinational companies in Japan. For more information, visit

About HWS GmbH & Co. KG: The HWS Group provides tax consulting, audit, legal, and corporate consulting services for medium-sized enterprises and family-owned companies in Germany. With a rich nearly 100-year history, HWS has cultivated a company culture characterized by continuous personal and professional development as well as open communication and fun. For more information, visit


About HLS HWS Europe GmbH: HLS HWS Europe GmbH was established as a strategic joint venture between HLS Global and HWS Group in Stuttgart, Germany in 2020.   


Contact Information

English / Japanese

HLS HWS Europe GmbH 

TEL: +49 (711) 78892 380


Contact person: Takuro Arimitsu




HWS GmbH & Co. KG

TEL: +49 (711) 78892 180


Contact person: Ingo Haug


FASB Flash Report (November 18, 2019)

Summary: On November 15, 2019, the FASB issued ASU 2019-09, Financial Services—Insurance (Topic 944) and 2019-10, Financial Instruments—Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842), to extend the deadline to implement FASB standards on current expected credit losses (CECL), leases, hedging, and insurance that are not yet effective for some or all companies.


US Accounting Standards Update – (1 of 2) (Japanese Text Only)

FASB ASC 606 Revenue from Contracts with Customers


米国会計基準審議会(FASB)及び国際会計基準審議会(IASB)は、2014年5月に両会計基準のコンバージェンスの一環として新たな収益認識の基準をそれぞれ発行しました。それにより米国会計基準及び国際会計基準における収益認識に関する規定が、それぞれ発行された新たな基準に置き換えられることになります。 (more…)

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