Knowledge and Insights: Newsletters
Business Valuation Considerations In The Midst Of An Economic Downturn
The effects of the COVID-19 pandemic have manifested in new ways of working virtually, historic unemployment levels, increased divorce rates, and many other evolving ways.[1] Closely held businesses have experienced…
$155M Funding Available for NJ Long-Term Care Facilities
Yesterday New Jersey Governor Phil Murphy, Department of Health (DOH) Commissioner Judith Persichilli, and Department of Human Services Commissioner Carole Johnson announced that $155 million in relief funds will be…
Additional $15M in CARES Act Funding to be Distributed by the NJEDA
On August 11, the New Jersey Economic Development Authority (NJEDA) approved $15.3 million in CARES Act funding through their Small Business Assistance Grant Program. The purpose of adding the additional…
SBA Issues Procedural Notice for PPP Lender Forgiveness Reviews & Submissions
On July 23rd, the Small Business Administration (SBA) issued the following Procedural Notice regarding the process which lenders must follow in their review of your Paycheck Protection Program (PPP) forgiveness…
Are You Eligible for Additional Relief from the COVID-19 PA Hazard Pay Grant Program?
The state of Pennsylvania has $50 million set aside for a reimbursement-based grant available through Pennsylvania’s Department of Community & Economic Development (DCED). The COVID-19 PA Hazard Pay Grant has…
CARES Act Funding for Home & Community-Based Service (HCBS) Providers – What You Should Know
The Coronavirus Aid, Relief and Economic Security (CARES) Act established the Coronavirus Relief Fund (the Fund) and appropriated $150 billion to the Fund. The purpose of the Fund is to…
Update to Our PPP Loan Forgiveness Implementation Guide
The PPP Loan Program Evolution Continues As suspected back in May when Mercadien published its Paycheck Protection Program (PPP) Loan Forgiveness Implementation Guide, many rules have evolved and changed for…
Updated Guidance on Available Payroll Credits – New Form 941 – 2nd Quarter 2020
Due to the COVID-19 pandemic, the IRS announced a payroll tax credit as well as other relief over the past few months. With the 2020 second quarter payroll tax return…
The CARES Act – Retirement Provisions & Future Planning
Breaking News!! The IRS announced that anyone who already took a required minimum distribution for 2020 from IRA accounts now has the opportunity to roll those funds back into a…
The Main Street Lending Program: An Alternative to the PPP
The lender portal for the Federal Reserve’s Main Street Lending Program (MSLP) has opened as the alternative to the Paycheck Protection Program (PPP). Unlike the PPP, the Main Street Lending…