Insights
Government Grant Recipients Face an Uncertain Road to PPP Loan Forgiveness
Nonprofit organizations (“nonprofits”) that receive significant amounts of federal and state grant funding (“government grants” or simply “grants”) are likely to face challenges in maximizing the benefits of their Paycheck Protection Program (PPP) loans.
Protecting Your Foundation Against Cyber Threats in the Age of Working Remotely
The COVID-19 pandemic caused private foundations to relocate physical offices to a “virtual office” without much preparation. This hasty change […]
SBA Releases New PPP Forgiveness Applications and Interim Final Ruling
After weeks of silence regarding the forgiveness of Paycheck Protection Program (PPP) Loans, the SBA has recently released two new forgiveness application forms and its nineteenth (yes, nineteenth) Interim Final Rule (IFR) on PPP. Here’s what we know.
PKF North America Redefines Transaction Advisory and Valuation Services with Launch of New PKF Advisory Venture
The North American Board of PKF International, a network of legally independent member firms providing accounting, tax and business advisory […]
Main Street Lending Program Updates
The Federal Reserve announced on June 15th that lenders may begin registering to be an approved lender under the Main Street Lending Program (the Program). Once registered, the lenders will be allowed to offer loans under the Program.
SEC Amendments to Improve Financial Disclosures on Acquisitions and Dispositions of Businesses
The Securities and Exchange Commission (SEC) recently voted to amend disclosure requirements for acquisitions and dispositions of businesses. The amendments are intended to improve for investors the financial information about acquired and disposed businesses, facilitate more timely access to capital, and reduce the complexity and cost to prepare the disclosures.
COVID-19 Related Assistance for U.S. Organizations
In this reference guide, we have outlined the numerous COVID-19 Related Assistance Programs designed to immediately put cash into the hands of businesses across the country.
Updates: Amendments Required for HRAs and Cafeteria Plans and the PCORI Fee
In an earlier Employee Benefit Plans Alert, we provided information on IRS guidance pertaining to Health Reimbursement Arrangements (HRAs) and Cafeteria Plans.
Cyber Roundup – June 2020
While putting together this issue of Cyber Roundup compiling cybersecurity incidents occurring in May 2020, I was brought back to my first personal encounter with a computer virus. I can even give you the date – May 5, 2000 ‒ 20 years ago.
Considerations When Hiring an Outsourced CIO Firm
A popular trend among institutional investors and family offices is to hire an outsourced chief investment office (OCIO) firm to manage their investment portfolio, rather than maintain an internal investment team.
New Bankruptcy Relief Provisions for Small Businesses
Carpentry is a trade that requires a great deal of professional skills. Just about anyone can go shopping and fill a toolbox with a variety of tools.
Does the PPP Flexibility Act Create a 60% Cliff?
While the pending Paycheck Protection Program Flexibility Act of 2020 does increase the amount of funds that can be spent on non-payroll costs from 25 percent to 40 percent, it appears to do so by creating a cliff.