Navigating Your Problem Loan Management Program Impacted by COVID-19

By Sada Kempf, Marketing Director CLA T. 920.232.2230 Email Recorded 3/2/2021 On Demand Webinar Hosting Event materials Presentation Slides: Navigating Your Problem Loan Management Program Impacted by COVID-19 Recording: Navigating Your Problem Loan Management Program Impacted by COVID-19 New problems presented by the COVID-19 pandemic require financial institutions to consider an updated approach to problem loan management. This on-demand webinar…

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Sanibel Captiva Beach Resorts Promotes Michele Berger to Director of Resort Operations

Sanibel Captiva Beach Resorts announced today the promotion of Michele Berger to the role of Director of Resort Operations for Sanibel Captiva Beach Resorts. Berger’s new title will give her the responsibility for leadership, direction, revenues and guest satisfaction at ‘Tween Waters Island Resort & Spa, West Wind Island Resort, Beachview Cottages and Castaway Cottages.   Berger currently serves as…

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Associates and Bruce L. Scheiner names former Fort Myers mayoral candidate Jacquelyn D. McMiller to Community Service Coordinator position

FORT MYERS, Fla. (Feb. 25, 2021) – Community leader and former Fort Myers mayoral candidate Jacquelyn D. McMiller has joined Associates and Bruce L. Scheiner, Attorneys for the Injured, as the law firm’s community service coordinator. The law firm, a family-owned, family-focused team of personal injury attorneys, has a long history of community engagement. Cheryl…

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Newest Guidance on PPP and the Employee Retention Credit

By Jennifer Rohen and Jack Rybicki and Chastity Wilson CLA Contact Key insights Evaluate employee retention credit eligibility prior to filing your PPP forgiveness application. IRS issues guidance on surplus wages used for PPP forgiveness. IRS issues guidance to help clarify whether a government order constituted a partial shutdown. Claiming the employee retention credit could have an…

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Minimum Wage Increase CANNOT Be Included in COVID Relief Bill

Breaking tonight, the US Senate Parliamentarian, Elizabeth MacDonough, made ruled that the Raise the Wage Act could NOT be included in the budget reconciliation bill, which includes $1.9 trillion for COVID relief, as it does not comply with budget rules.  Obviously, we know the push to increase the national minimum wage to $15/hour will not go away simply…

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Energy Efficient Commercial Buildings Deduction Made Permanent

By Stan Babicz Principal CLA T. 414.721.7631 Email Key insights The Energy Efficient Commercial Buildings Deduction (Section 179D) was made a permanent component of the Internal Revenue Code by the Consolidated Appropriations Act, 2021. Section 179D deductions are now indexed for inflation for taxable years beginning after 2020. Baseline standards were raised to the most recently…

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VERY Frequently Asked Questions About the Expanded Employee Retention Credit

By Jennifer Rohen Principal CLA T. 310.930.1780 Email Key insights New legislation brought changes to the employee retention credit, including updates to the quarterly comparison dates you can use to qualify. Certain S corporation owners may claim the credit for their own wages, but there are restrictions. Review the interplay of ERC, PPP loans, Families…

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You May Want to Ignore IRS CP59 Notice

By Paul Neiffer Principal CLA T. 509.823.2920 Email If you know you filed your 2019 income tax return but the IRS has recently sent you a CP59 notice stating they need a copy of your return since they have not received it; you should likely ignore the notice. The IRS has confirmed that they have…

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COVID-19 Debt Relief, Without a Tax “Bite” Later

By Melissa Laban Principal CLA T. 571.227.9526 Email Key insights Debt cancelation amounts are generally included in gross income. This may come as a surprise to unsuspecting borrowers. Fortunately, Congress has provided some exceptions and special provisions to address taxpayer concerns with COVID-related debt relief. Under the Consolidated Appropriations Act 2021 (CAA 2021), Congress provided both financial assistance…

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