Rising Above the Chaos PPP Forgiveness Strategy Note: The Paycheck Protect Program Flexibility Act of 2020 passed by Congress on June 3, 2020 has drastically changed the contents of this article. On May 15th and May 22nd, the Treasury Department and Small Business Administration released the Paycheck Protection Program Forgiveness Application, Instructions, and Forgiveness… Read more »
Posts Categorized: COVID-19
Prepare for Paycheck Protection Program Forgiveness
Rising Above the Chaos Prepare for PPP Forgiveness Guidance Since the passage of the CARES ACT at the end of March, the Buffalo business community has pulled together to ensure that we access as many relief options as possible. The Payroll Protection Program continues to be a primary focus. While the program gives… Read more »
IRS Coronavirus-Related Filing and Payment
Rising Above the Chaos IRS Coronavirus-Related Filing and Payment We hope this email finds you well and healthy! The IRS continues to issue further guidance on the Federal tax deadlines. The agency has posted 24 Questions and Answers regarding the extended deadlines on their website. You can review the full post here and refer to… Read more »
Paycheck Protection Program
Rising Above the Chaos Consider: Paycheck Protection Program As you may have heard, the banks are preparing to begin accepting Paycheck Protection Program (PPP) loan applications beginning on Friday April 3, 2020. A statement by a senior SBA official indicated that the loans will be given on a first-come, first-served basis. RESOURCES: Disclaimer: As… Read more »
CMS Expansion of Accelerated & Advanced Payments Program
Rising Above the Chaos Consider: CMS Expansion of Accelerated & Advanced Payments Program Included in the CARES Act was a relief program specific to Medicare Part A Providers and Part B Suppliers. While this information may not directly pertain to you, consider if it may be of assistance to any of your vendors or… Read more »
Preparing for the Paycheck Protection Program
Rising Above the Chaos Consider: Paycheck Protection Application Checklist As you may know, the banks received formal guidance from the SBA on the Paycheck Protection Program after close of business on April 2, 2020. The banks are off to the races to prepare to accept applications. Some are aiming to be ready by end… Read more »
CARES ACT HIGHLIGHTS
Rising Above the Chaos Consider: CARES Act for Individuals Stimulus Payments Checks or direct deposits coming soon to: Most MARRIED taxpayers whose AGI (Adjusted Gross Income) is $150,000 or less will receive a check or direct deposit of $1,200 per adult and $500 per child under age 17. This amount will be reduced for married… Read more »
Navigating COVID-19 Business Relief Options
Rising Above the Chaos Consider: Business Relief Options As our community navigates through this crisis, our focus is on 5 major business initiatives: Health, Safety and Wellness Conserve Cash Support your Suppliers, Service Providers and Customers Maximizing Relief Benefits Minimizing Layoffs In support of that effort, the Coronavirus Aid, Relief, and Economic Security Act (CARES… Read more »
Receivables from Large Corporate Customers
Rising Above the Chaos Consider: Receivables from Large Corporate Customers We have a fast update on what we are hearing globally for you to judge if and how it may impact your business. We corresponded with the director of finance of a multinational healthcare company today. They are bending over backward to get payments… Read more »
