Covid-19 Guest Submissions

By Jack Rybicki, Managing Principal of Industry, CliftonLarsonAllen Email T. 813.384.2701 and Christine Hall BizOps Chief Financial Officer Email T. 678.551.6151 Update: This article was originally published on June 11, 2020. It was updated on June 16, 2020 to emphasize the June 30, 2020 deadline for lenders to obtain an SBA loan number for a PPP loan. Key insights The Paycheck…

By Andrew Ostlund Senior Wealth Advisor CliftonLarsonAllen Wealth Advisors, LLC Email T. 218.825.2957 Update: This article was originally published on March 23, 2020. It was updated on June 11, 2020 to reflect the latest information regarding the SECURE Act. If you’ve been on the fence about starting a retirement plan for your business, the arrival…

By Life Science Women’s Network Email  In order to optimize safety and support one another through the difficult process of re-opening, our Life Science Women’s Network members came together to create a substantive list of guidelines. The following guidelines explore proper plans, density restrictions, safety provisions, compliance monitoring, and policy establishment. These guidelines are available for download at…

By Terri Lillesand Principal CliftonLarsonAllen Email T. 920.803.3135 Key insights The Senate passed the Paycheck Protection Plan Flexibility Act, providing increased flexibility for borrowers. We expect the PPP loan forgiveness application will be revised. You may want to consider waiting to submit your forgiveness package. What would a week be without changes to the Paycheck…

By Karen Blacik, BizOps Chief Financial Officer Email T. 612.256.834 and Rachael O’Leary, Manager Email T. 630.368.3657 Key insights The restaurant industry has been hit particularly hard by the economic slowdown of COVID-19. From operations to finance to tax considerations, we’ve compiled a checklist of items restaurant owners should consider as they reopen. At CLA,…

By Paul Neiffer, Principal CliftonLarsonAllen – Walla Walla Washington Email T. 509.823.2920 We seem to get this question quite a bit regarding the old 75% requirement and the new 60% requirement that is now included in the bill passed yesterday by the Senate and onto the President to sign. The original Cares Act had no…

By Paul Neiffer, Principal CliftonLarsonAllen – Walla Walla Washington Email T. 509.823.2920 The Senate just passed the bill that the house passed last week making some needed changes to the Payroll Protection Program (PPP).  Here are some of the key changes and things to be worked out: Instead of a 8 week covered period it…

By Linda Rubenstein, Director of Community Impact CliftonLarsonAllen Email T. 301.931.7320 Key insights During COVID-19, employees are looking to their organization’s leaders to chart a path forward. By offering teammates empathy, flexibility, encouragement, and resources, leaders can provide much-needed support. CLA can equip you with the tools, resources, and tips you need to help your…

By Sada Kempf, Marketing Director CliftonLarsonAllen Email T. 920.232.2230 PPP Loan Forgiveness for Contractors Part II We were overwhelmed by the range of excellent questions from our May 21 webinar participants, and heard many common themes. In this session, we focused on answering these timely questions to help you prepare for the end of your 8-week period…

By Chris Stanz, Principal, CliftonLarsonAllen – Email T. 320.203.5532 Key insights The OMB recently indicated that funds received under the PPP will not be subject to the Uniform Guidance single audit requirements. However, loans received through the EIDL program are subject to the single audit requirements. A recent OMB memo notes that an organization can…