Covid-19 Guest Submissions
Community partners launch Healthy Minds initiative, to offer free educational events, screenings for healthier minds in Lee, Collier counties
The mental and emotional effects of COVID-19 are impacting well-being in significant ways amid the pandemic, with 40% of U.S. adults reporting symptoms of anxiety or depression, in addition to increases in substance use and thoughts of suicide. To address this urgent and increased need for support on a local level, 17 behavioral health organizations…
Read MoreBusiness practices that help companies withstand times of crisis
As Southwest Florida businesses continue to adapt their operations as a result of COVID-19, many owners and business professionals are reflecting on past experiences and lessons learned as they navigate and pivot. As a 28-year-old business, Priority Marketing, like many local companies, has persevered through many turbulent times. As I reflect on past crises, from…
Read MoreBusinesses saying no thanks to president’s payroll-tax deferral
By Laura Cassels T. 803.252.5733 email Federal employees will see their paychecks increase a bit because President Trump is deferring their payroll taxes, but state, local, and private employers are largely snubbing the new, optional deferral. Trump authorized the payroll tax deferral starting Sept. 1 by an executive order he signed on Aug. 8. The…
Read MoreNew SBA Forgiveness IFR Addresses Owner-Employee Comp and Rent-Related Costs
By Jack Rybicki Managing Principal of Industry, CliftonLarsonAllen Email T. 813.384.2701 Key insights The SBA released an interim final rule (IFR) entitled Treatment of Owners and Forgiveness of Certain Nonpayroll Costs on August 24, 2020. The IFR provides clarity on topics including owner compensation reporting; borrowers with tenant, sub-tenant, or home-based businesses; and related party rents. CLA…
Read MoreThe Best Options for Parents to Make Money From Home – Starting Now!
Being a stay-at-home parent is a rewarding job, but plenty of moms AND dads discover that they can be just as happy, if not happier, as work-from-home parents. Lots of stay-at-home parents miss having a career. Not to mention, raising kids is expensive! Boosting your family’s income certainly helps, especially now that we’re all facing…
Read MoreCOVID-19 UPDDATE: New Guidance on PPP and EIDL Forgiveness
By Patrick Neale & Associates The SBA has issued additional guidance on Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) forgiveness in the form of FAQs (Frequently Asked Questions). The FAQs also address the impact EIDL advance payments have on PPP loan forgiveness, as well as questions regarding what to do about the PPP loan amount…
Read MoreCOVID-19 Stimulus Executive Order and Memoranda Summarized
By Jennifer Rohen – Principal CliftonLarsonAllen Email T. 314.925.4326 Key insights On August 8, 2020, President Trump issued an executive order and three memoranda that provide or extend COVID-19 relief to individuals and organizations. At this time, it is uncertain whether the executive order and three memoranda will be legally challenged. Stay tuned for more…
Read MoreFinal Business Interest Limitation Rules Present Opportunities
By John Werlhof – Principal CliftonLarsonAllen Email T. 916.218.7128 Key insights Congress offset part of the cost of the recent tax cuts with limits to the amount of interest certain businesses can deduct. The section 163(j) limitation applies to all business entity types and is generally applied at the entity level. Final IRS rules allow…
Read MoreObservations on Recent PPP Releases from SBA
By Susan Sabo Financial Institutions Principal Charlotte, NC Email T. 704.816.8452 On August 4, 2020, the Small Business Administration (SBA) released FAQs on Paycheck Protection Program (PPP) Loan Forgiveness. The FAQs supplement the interim final rules issued earlier this year, which still left many lenders and borrowers uncertain about loan forgiveness calculations. The FAQs contained…
Read MoreLatest SBA PPP Loan Forgiveness FAQs Provide Insight, Though Questions Remain
By Rick Krueger Principal CliftonLarsonAllen Email T. 414.721.7577 Key insights The SBA released PPP loan forgiveness guidance FAQs on August 4, 2020. The FAQs provide additional clarity regarding certain timing issues related to payroll and nonpayroll costs, regarding certain other allowable costs, and regarding the calculation of wage-related forgiveness reductions. CLA can help you navigate the PPP…
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