2020 Year-End Financial Planning Checklist

With the end of 2020 coming into focus, we have many areas of uncertainty to navigate on the healthcare, economic, and political fronts. As we encourage our clients to continue thinking and acting long term, there are pockets of near-term financial planning opportunities to consider as the calendar rolls toward year-end.

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Phishing Scam Targets PPP Borrowers

The U.S. Small Business Administration (SBA) has discovered an email scam originating from sba-attorneys.com that seeks to create alarm among Paycheck Protection Protection (PPP) loan borrowers. The email falsely warns that PPP funds were issued to the recipient in error, and that immediate action must be taken to avoid "potential criminal...

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7 Tax Strategies to Generate Immediate Cash Flow

During these challenging times, companies must have access to cash to help offset unforeseen costs, whether for buying personal protective equipment (PPE) for on-site employees or investing in the technology needed to keep a remote workforce safely and efficiently connected.

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4 Tax Strategies to Consider for Future Growth

Although companies that have managed to survive up to this point will have overcome immediate safety and cashflow problems, they still face an uncertain future. No one can predict how long the downturn will last, whether the world will revert into crisis mode, or whether the path towards long-term recovery has begun. 

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How to Plan for Succession

Preserving, Protecting, and Passing On Wealth

Transitioning Ownership

The decisions made regarding ownership of the family office or closely held business may not necessarily be the same decisions that are required for leadership and management. It’s critical to understand and acknowledge the different elements that proper succession planning...

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6 Signs You May Need To Restructure Your Healthcare Organization

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While the initial tidal wave of COVID-19 has begun to recede, the effects of the pandemic are still rippling through the U.S. healthcare landscape. Initial CARES Act relief funds helped stave off financial instability for many facilities, but uncertainty over the potential of future relief, consumer confidence, lack of...

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HHS Provider Relief Funding Post Reporting Instructions

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At A Glance

The long-awaited HHS Provider Relief Funding post reporting instructions were released on September 19, 2020. These new instructions mark a significant shift from the FAQs originally included as part of the funding distributions. Specifically, rather than starting with lost revenue calculations in determining...

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A Simpler PPP Forgiveness Application for Loans of $50,000 or Less

On Thursday, October 8, 2020, the U.S. Small Business Administration (SBA) and the Treasury Department have released a simpler loan forgiveness application for Paycheck Protection Program (PPP) loans of $50,000 or less. 

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What Businesses with PPP Loans and Changes to Ownership Need to Know

Written by Dan Chodan, CPA

Businesses with an M&A transaction and a Paycheck Protection Program (PPP) Loan will likely have new requirements to satisfy.

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New Overtime Rules Go Into Effect in PA

Written by Certified Payroll Specialist, Kristen O'Connell, CPP

On October 3, 2020, changes to Pennsylvania’s Minimum Wage Act regulations regarding overtime went into effect. The changes that were made work to more closely align the duties for the executive, administrative, and professional salaried exemptions. Changes to the overtime rule...

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