Game Changer for SBA PPP $150K Loans — 3508S Forgiveness Application

By Christine Hall, BizOps Chief Financial Officer Email T. 678.551.6151 and Christine DiMenna CLA  Email  Key insights The SBA released Form 3508S on January 19, 2021. The one-page form greatly simplifies the loan forgiveness application. Form 3508S is for PPP borrowers with first or second draw loan amounts of $150,000 or less. Over 4.5 million…

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SRMA and CareerSource Southwest Florida join forces to host Online Job Fair on Wednesday, Jan. 27

Entry level to senior career opportunities available at top companies FORT MYERS, Fla. (January 14, 2021) – Unemployment in Southwest Florida is high, as is the need to fill available job openings in numerous career fields with local manufacturing companies. To address this growing demand, Southwest Regional Manufacturers Association (SRMA) has partnered with CareerSource Southwest…

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Government Contractor series announced

Please join us for two complimentary webinars specific to private organizations doing business with the federal government. FAR Accounting and Systems for Government Contractors Thursday, January 21 | 2 – 3 p.m. CT To be a government contractor, your organization’s accounting system must be structured to comply with Federal Acquisition Regulations (FAR). This webinar will discuss the…

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Insurance Management Consultancy Group announces training series XCelleration

FORT MYERS — Insurance Management Consultancy Group (IMCG), a leader in concierge claims management services, announced the official kick-off of a new training series, XCelleration. With a need for leading edge business practices in Southwest Florida, IMCG wanted to provide a way to help clients achieve better results in their personal and professional spaces. Changing…

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Information Technology Expert Exchange Virtual Event

Thursday, January 28th Noon- 6:00pm Technology Expert Exchange- Register Here Great opportunity for your tech-person! The pandemic fast-forwarded reliance on technology. Learn from peers about the must-have tech for restaurants, scaling online ordering, and preparing for off-premises service in the post-coronavirus future. The half-day virtual event will feature breakout sessions to deep-dive into mobile apps, ordering/pay…

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Greater Fort Myers Chamber sponsoring virtual Campaign School & Community Leadership Training Jan. 12-14

The Greater Fort Myers Chamber of Commerce is sponsoring a virtual Campaign School & Community Leadership Training on Jan. 12-14, presented by Florida Institute for Political Leadership (FIPL), for those interested in learning about the field of politics. The no-cost, nonpartisan three-day program will feature presentations from state and local political experts, elected officials, university…

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Tax and Economic Update — After the Georgia Runoff Election

Tuesday, January 26 Webinar 10 – 11 a.m. CT Individuals and business owners are questioning how election results, including which party has control of the Senate, might impact them. Please join us for a complimentary webinar where we will discuss tax and economic implications as a result of the election. Topics include: Post Georgia runoff election —…

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New Law Clarifies and Expands CARES Act Employee Retention Credit

By Jennifer Rohen, Principal CliftonLarsonAllen 310.930.1780 and Scott Hess, Principal CliftonLarsonAllen 262.898.6541 Key insights The employee retention credit applies more broadly as a result of changes made by the Consolidated Appropriations Act, 2021. The majority of the changes are effective as of January 1, 2021, and impact the first two quarters of the year. Note this…

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Urgent Update on Work Opportunity Tax Credit Transition Relief

By Jennifer Rohen, Principal T. 310.930.1780, Email and Patrick Hanlon, Director T. 314.925.4435 Email Key insights Two categories of WOTC eligibility — designated community residents in an empowerment zone and qualified summer youth employees — have been affected by recent legislative changes. There is a brief window for employers to retroactively capture credit for certain…

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Accounting considerations for Payroll Protection Program (PPP) loan forgiveness

By Scott Klitsch Principal CLA Boise, Idaho Email T. 208.387.6440 Many of you are familiar with the blog post we shared with you in April 2020 focused on the accounting considerations of processing and funding PPP loans.  We wanted to update that post with a larger focus on the forgiveness process.  Our summary of the primary accounting…

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