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Affordable Care Act Reporting Is More Complex This Year

The Affordable Care Act, in its original form, included a penalty on any individual who failed to have health care coverage at required levels. This Individual Mandate was designed to “encourage” individuals who were not inclined to purchase health care coverage to do so in order to spread the cost of health care treatment among a larger pool of...

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Main Street Lending Program Now Available for Eligible Nonprofits

On Friday, September 4, 2020, the Federal Reserve announced that the Main Street Lending Program is now fully operational and is accepting submissions of eligible loans to nonprofit organizations. The Program to support lending to small and medium-sized for profit businesses and nonprofit organizations that were in sound financial condition...

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Remote Work and the New Reality of Commercial Real Estate

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There’s no question the global pandemic of 2020 quickened trends of the future that were hitting the wall of the present: Employers resistant to allowing employees to work remotely suddenly had no choice as localities enacted mandatory stay-at-home measures. Businesses migrated to remote work on an unprecedented scale - a great...

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IRS Updates CARES Act Employee Retention Credits & Payroll Tax Deferrals FAQ

The IRS recently updated its frequently asked questions (FAQs) on the Employee Retention Credit (ERC) and payroll tax deferrals under the Coronavirus Aid, Relief, and Economic Security (CARES) Act (P.L. 116-136). These provisions encourage businesses to keep employees on their payroll during the COVID-19 global pandemic. Although the FAQs...

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CARES Act Employee Retention Credit for Hospitals & Healthcare Providers

The Opportunity

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Distressed M&A In A Pandemic: Considerations For Private Equity

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Updated June 3, 2020Even before the coronavirus sent the global economy into a tailspin, private equity funds were training their focus inward on creating value for their portfolio companies and signaling more interest in distressed investing. The onset of the pandemic has only magnified this trend. Since March, when...

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Senate Passes PPP Reform Bill

On Wednesday, June 3, 2020, the Senate passed the HR 7010 - Paycheck Protection Program Flexibility Act of 2020. The bill is expected to be signed by President Trump today.
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Strategies to Consider for Loan Forgiveness

Written by Dan Chodan, CPA

UPDATE - On June 3, 2020, the Senate passed the HR 7010 - Paycheck Protection Program Flexibility Act of 2020, which, if signed by President Trump, will allow businesses to choose to extend the eight week period to 24 weeks or they can keep the original eight week period. Therefore the strategies to maximize costs in...

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Government Assistance Programs: Are You Ready for Scrutiny?

Organizations of all shapes and sizes have sought to take advantage of government assistance and programs to help their business persevere and maintain operations during the COVID-19 pandemic.

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Reduce Occupancy Costs & Accelerate Your Business Recovery

By Ross Forman COVID-19 has accelerated a shift in global workplace strategies that have been brewing for the past several years. The success of the shift has surprised many, even in the traditionally agile culture of technology companies. OpenText, a Canadian based software firm with more than 12,000 employees and 120 offices worldwide, has...

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