On March 27, 2020, President Trump signed Coronavirus Aid, Relief, and Economic Security Act (CARES Act), aimed at providing financial relief for American businesses in response to the economic fallout from the fast-developing coronavirus (COVID-19) pandemic.
US Chamber Small Business ELA Loan GuidePaula Carr
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program,
the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during
this emergency.
PYA hosted a complimentary one-hour webinar aimed at helping independent medical group owners, partners and practice executives, law firms, and financial advisors by offering strategies for physician practice survival. Practices are exploring every avenue to remain solvent while health systems express concerns about the survival of the independent groups in their communities.
PYA Principals Lori Foley and Jeff Bushong, along with Consultant Katie Ray, discussed:
Cash flow support, including the CARES Act Paycheck Protection Program and Medicare Advance Payments.
Staffing considerations, including the Families First Coronavirus Response Act (FFCRA), pay reductions, and furloughs.
Operations during crisis management, including topline revenue preservation and expense reductions.
The webinar took place Monday April 6, 2020, at 11:00 am EDT.
Covid19 guidance for multiemployer plans and labor unions webinarWithum
COVID-19 Guidance: Multiemployer Plans and Labor Unions
In this webinar we talk about how COVID-19 is impacting Multiemployer Plans and Labor Unions, including relief programs and FAQs
PPP Loan Forgiveness and Tax Considerations for the Construction IndustryWithum
Join Withum and CFMA South Jersey Chapter for the latest update on PPP loan forgiveness for the construction industry.
As the SBA continues to release guidance, many questions remain surrounding PPP Loan forgiveness. Presented by Withum’s Daniel Mayo, National Lead, Federal Tax Policy, Frank Boutillette, CPA, CGMA, Ron Martino, CPA, CCIFP, Joe O’Drain , CPA and Kim Hullfish, CCIFP, MBA, CRIS, Controller at C. Abbonizio Contractors Inc. and CFMA South Jersey Chapter Board Member. This webinar will provide guidance on PPP Loan Forgiveness and how you can prepare your construction organization for maximum forgiveness.
Attendees will be able to:
-Interpret the updated PPP Loan Forgiveness Application Forms by the SBA (Standard and EZ applications)
- Assess corporate tax provisions of the CARES act
- Identify Accounting/GAAP treatment of PPP loan forgiveness on year-end financial statements
Coronavirus emergency loans via cares act -small business guide & che...Mark Weber
Banks are still waiting for guidance from the regulatory agencies as to how these loans are to be administered and which banks will be able to provide the loan. It may take up to two weeks before they can begin accepting applications. The recommendation is to make contact with your banking relationships ASAP since there will be a lot of asks coming in short order. You should tell the bank that you plan to apply and ask for updates as they learn more.
US Chamber Small Business ELA Loan GuidePaula Carr
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program,
the initiative provides 100% federally guaranteed loans to small businesses who maintain their payroll during
this emergency.
PYA hosted a complimentary one-hour webinar aimed at helping independent medical group owners, partners and practice executives, law firms, and financial advisors by offering strategies for physician practice survival. Practices are exploring every avenue to remain solvent while health systems express concerns about the survival of the independent groups in their communities.
PYA Principals Lori Foley and Jeff Bushong, along with Consultant Katie Ray, discussed:
Cash flow support, including the CARES Act Paycheck Protection Program and Medicare Advance Payments.
Staffing considerations, including the Families First Coronavirus Response Act (FFCRA), pay reductions, and furloughs.
Operations during crisis management, including topline revenue preservation and expense reductions.
The webinar took place Monday April 6, 2020, at 11:00 am EDT.
Covid19 guidance for multiemployer plans and labor unions webinarWithum
COVID-19 Guidance: Multiemployer Plans and Labor Unions
In this webinar we talk about how COVID-19 is impacting Multiemployer Plans and Labor Unions, including relief programs and FAQs
PPP Loan Forgiveness and Tax Considerations for the Construction IndustryWithum
Join Withum and CFMA South Jersey Chapter for the latest update on PPP loan forgiveness for the construction industry.
As the SBA continues to release guidance, many questions remain surrounding PPP Loan forgiveness. Presented by Withum’s Daniel Mayo, National Lead, Federal Tax Policy, Frank Boutillette, CPA, CGMA, Ron Martino, CPA, CCIFP, Joe O’Drain , CPA and Kim Hullfish, CCIFP, MBA, CRIS, Controller at C. Abbonizio Contractors Inc. and CFMA South Jersey Chapter Board Member. This webinar will provide guidance on PPP Loan Forgiveness and how you can prepare your construction organization for maximum forgiveness.
Attendees will be able to:
-Interpret the updated PPP Loan Forgiveness Application Forms by the SBA (Standard and EZ applications)
- Assess corporate tax provisions of the CARES act
- Identify Accounting/GAAP treatment of PPP loan forgiveness on year-end financial statements
Coronavirus emergency loans via cares act -small business guide & che...Mark Weber
Banks are still waiting for guidance from the regulatory agencies as to how these loans are to be administered and which banks will be able to provide the loan. It may take up to two weeks before they can begin accepting applications. The recommendation is to make contact with your banking relationships ASAP since there will be a lot of asks coming in short order. You should tell the bank that you plan to apply and ask for updates as they learn more.
COVID-19 Health & Welfare: Compliance for Employersbenefitexpress
As part of our continuing ERISA Compliance series, we covered such compliance topics and more in our April 9th webinar discussing COVID-19 and updates from the IRS and DOL concerning the Families First Coronavirus Response Act.
Payroll Webinar: The Essentials for Third Party Sick Pay in 2020Ascentis
This webinar discusses the proper taxation and reporting of the fringe benefit known as third party sick pay. It discusses what is and is not third party sick pay, how the taxation is affected by the status of the provider (is or is not the employer’s agent), when this type of payment is taxable and/or reportable and who is responsible for this taxation and reporting.
Medicare & Employer Health Coverage - a Coordination Conversationbenefitexpress
Let's talk about Medicare and Employer Health Coverage. The rules on coordinating Medicare and employer coverage can be complex. How it complements other programs (such as COBRA, HSAs and the ACA) are also areas of question for both employees and their employers.
Payroll Webinar: A to Z of Garnishments Part 1Ascentis
In this three part series on the proper handling and processing of garnishments we will discussed the rules, regulations and requirements as they apply to withholding and paying child support, tax levies, creditor garnishments and others.
In Part 1 we focus on Child Support. Payroll departments must know both the federal laws and the state laws and must determine which one applies to the child support withholding order. In addition to these laws and regulations, the federal rules now require that a standard Income Withholding Order (IWO) be used for all child support withholding garnishments. This webinar will review this form and its requirements. And although the IWO can include all the information necessary to comply with the order, employers must familiarize themselves with both federal and state regulations to avoid penalties and liabilities. Withholding monies for child support is not the only requirement that applies to providing for a child, medical support orders are required to be process by payroll as well. And these orders have their own rules and regulations on both the federal and state level.
Webinar: Mid-Year Election Changes for Cafeteria Plansbenefitexpress
Let's talk about cafeteria plans. When can participants make election changes?
While cafeteria plans can be a great option for employees wishing to pick and choose benefits based on cost, when and how to facilitate election changes outside of open enrollment can be tricky to navigate for employers. As the use of cafeteria plans continue to grow, we take a deeper look at the rules and regulations of these plans, particularly as they pertain to mid-year election changes.
HR Webinar: The New Consolidated Appropriations Act of 2021: What HR Pros Mus...Ascentis
On December 27, 2020, the President signed H.R. 133, the "Consolidated Appropriations Act of 2021". This omnibus law includes the much anticipated and long-awaited COVID Relief Bill, with many of the new provisions taking effect immediately. Weighing in at a "mere" 5,593 pages, the new law renews or extends most of the tax relief programs available to employers under both the FFCRA and the CARES Act. The renewed Paycheck Protection Program, funded with $284.45 billion in new federal spending, is expected to see new lending the week of January 11, 2021, with a number of changes in response to prior program criticisms. Join us at this webinar to review the many provisions of CAA'21 which will impact Human Capital Management.
Created by WEA Trust Vice President & General Counsel Vaughn Vance, this presentation helps explain to employers the changing health insurance marketplace. You'll learn about new fees and taxes, plan restrictions and employer obligations under health care reform.
The U.S. Chamber has hosted conference calls with Chamber's and their members, across the country. They've shared the 13 slides that currently sum up how small businesses can quickly access funding through the payment protection program, employer tax credits, and SBA loans/grants.
Payroll Webinar: Paying Overtime Under the FLSA: Part 2Ascentis
This is the second of a two-part webinar that will help you better understand the requirements and procedures involved in overtime calculation. Calculating overtime pay for nonexempt employees sounds so simple. But not so fast. The truth is that overtime rules and the mathematics required to arrive at the correct calculation can be extremely tricky. Our speaker will share her expertise and best practices for managing these calculations.
Penalties for overtime violations can be severe with the possibility of fines, imprisonment or both! Add civil suits to the mix and the results can be devastating to any business, no matter how large or small. Just to keep it interesting, most states use the same definition to calculate overtime as the FLSA does. So, even one, single error can earn you double the penalties.
HR Webinar: The American Rescue Plan Act of 2021: New Employer Opportunities ...Ascentis
On March 11, 2021, President Biden signed into law H.R. 1319, the “American Rescue Plan Act of 2021” (APRA). The latest in an extended series of COVID-19 economic relief bills, with a price tag of $1.9 trillion and weighing in at an impressive 628 pages, ARPA will bring cumulative US federal pandemic relief spending to approximately $5.7 trillion. While the new law’s consumer provisions – like direct stimulus payments to about 89% of US taxpayers, extended unemployment benefits, and increased child tax credits – have gotten almost all the press coverage related to this law, as with prior laws (FFCRA, CARES Act, CAA) there are many employer-impacting provisions that have so far “flown under the radar.”
At Ascentis, we’ve hauled out our trusty “HCM radar detector” to hone in on just those provisions which may impact and delight (or maybe not?) employers, and the HR community, around the country.
Webinar: “Got a Payroll? Don’t Leave Money on the Table”PYA, P.C.
Under the CARES Act, every employer with a payroll has an opportunity to retain cash–whether they have a PPP loan or not. What employers need to know right now.
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) along with the Payroll Protection Program (PPP) offer all business owners relief, but the details can be confusing or overlooked.
Perhaps you don’t fully understand how the deferral of the employer’s share of Social Security taxes works. Maybe you wonder if the deferral even applies to you—good news, it does if you have a payroll!
Failure to fully understand your options could cost you money, at a time when “cash is king.”
As part of PYA’s ongoing commitment to sharing helpful guidance, Tax Principals Debbie Ernsberger and Mark Brumbelow outlined issues and opportunities within the CARES Act, and answered questions during a one-hour webinar that originally aired on Wednesday, May 20, 2020.
Understanding Health Care Reform: A Dose of Accounting MedecineJames Moore & Co
The affordable Care Act was signed into law on March 23, 2010 and upheld by the Supreme Court in June 2012. These reform measures will have wide-spread impacts to most businesses and individuals. In this presentation, we discuss the tax consequences, small business health care credits, fees, and provide a summary of the Affordable Care Act and the status of reform.
Debt Relief For Small Businesses- Requirements for Your Loan Application – CO...Sylvie Luanghy
Since most banks are not yet ready to start accepting loan applications for the SBA Paycheck Protection Program, I decided to do some research on the program and put a quick PowerPoint overview for those who still lack information on the program eligibility requirements.
COVID-19 Health & Welfare: Compliance for Employersbenefitexpress
As part of our continuing ERISA Compliance series, we covered such compliance topics and more in our April 9th webinar discussing COVID-19 and updates from the IRS and DOL concerning the Families First Coronavirus Response Act.
Payroll Webinar: The Essentials for Third Party Sick Pay in 2020Ascentis
This webinar discusses the proper taxation and reporting of the fringe benefit known as third party sick pay. It discusses what is and is not third party sick pay, how the taxation is affected by the status of the provider (is or is not the employer’s agent), when this type of payment is taxable and/or reportable and who is responsible for this taxation and reporting.
Medicare & Employer Health Coverage - a Coordination Conversationbenefitexpress
Let's talk about Medicare and Employer Health Coverage. The rules on coordinating Medicare and employer coverage can be complex. How it complements other programs (such as COBRA, HSAs and the ACA) are also areas of question for both employees and their employers.
Payroll Webinar: A to Z of Garnishments Part 1Ascentis
In this three part series on the proper handling and processing of garnishments we will discussed the rules, regulations and requirements as they apply to withholding and paying child support, tax levies, creditor garnishments and others.
In Part 1 we focus on Child Support. Payroll departments must know both the federal laws and the state laws and must determine which one applies to the child support withholding order. In addition to these laws and regulations, the federal rules now require that a standard Income Withholding Order (IWO) be used for all child support withholding garnishments. This webinar will review this form and its requirements. And although the IWO can include all the information necessary to comply with the order, employers must familiarize themselves with both federal and state regulations to avoid penalties and liabilities. Withholding monies for child support is not the only requirement that applies to providing for a child, medical support orders are required to be process by payroll as well. And these orders have their own rules and regulations on both the federal and state level.
Webinar: Mid-Year Election Changes for Cafeteria Plansbenefitexpress
Let's talk about cafeteria plans. When can participants make election changes?
While cafeteria plans can be a great option for employees wishing to pick and choose benefits based on cost, when and how to facilitate election changes outside of open enrollment can be tricky to navigate for employers. As the use of cafeteria plans continue to grow, we take a deeper look at the rules and regulations of these plans, particularly as they pertain to mid-year election changes.
HR Webinar: The New Consolidated Appropriations Act of 2021: What HR Pros Mus...Ascentis
On December 27, 2020, the President signed H.R. 133, the "Consolidated Appropriations Act of 2021". This omnibus law includes the much anticipated and long-awaited COVID Relief Bill, with many of the new provisions taking effect immediately. Weighing in at a "mere" 5,593 pages, the new law renews or extends most of the tax relief programs available to employers under both the FFCRA and the CARES Act. The renewed Paycheck Protection Program, funded with $284.45 billion in new federal spending, is expected to see new lending the week of January 11, 2021, with a number of changes in response to prior program criticisms. Join us at this webinar to review the many provisions of CAA'21 which will impact Human Capital Management.
Created by WEA Trust Vice President & General Counsel Vaughn Vance, this presentation helps explain to employers the changing health insurance marketplace. You'll learn about new fees and taxes, plan restrictions and employer obligations under health care reform.
The U.S. Chamber has hosted conference calls with Chamber's and their members, across the country. They've shared the 13 slides that currently sum up how small businesses can quickly access funding through the payment protection program, employer tax credits, and SBA loans/grants.
Payroll Webinar: Paying Overtime Under the FLSA: Part 2Ascentis
This is the second of a two-part webinar that will help you better understand the requirements and procedures involved in overtime calculation. Calculating overtime pay for nonexempt employees sounds so simple. But not so fast. The truth is that overtime rules and the mathematics required to arrive at the correct calculation can be extremely tricky. Our speaker will share her expertise and best practices for managing these calculations.
Penalties for overtime violations can be severe with the possibility of fines, imprisonment or both! Add civil suits to the mix and the results can be devastating to any business, no matter how large or small. Just to keep it interesting, most states use the same definition to calculate overtime as the FLSA does. So, even one, single error can earn you double the penalties.
HR Webinar: The American Rescue Plan Act of 2021: New Employer Opportunities ...Ascentis
On March 11, 2021, President Biden signed into law H.R. 1319, the “American Rescue Plan Act of 2021” (APRA). The latest in an extended series of COVID-19 economic relief bills, with a price tag of $1.9 trillion and weighing in at an impressive 628 pages, ARPA will bring cumulative US federal pandemic relief spending to approximately $5.7 trillion. While the new law’s consumer provisions – like direct stimulus payments to about 89% of US taxpayers, extended unemployment benefits, and increased child tax credits – have gotten almost all the press coverage related to this law, as with prior laws (FFCRA, CARES Act, CAA) there are many employer-impacting provisions that have so far “flown under the radar.”
At Ascentis, we’ve hauled out our trusty “HCM radar detector” to hone in on just those provisions which may impact and delight (or maybe not?) employers, and the HR community, around the country.
Webinar: “Got a Payroll? Don’t Leave Money on the Table”PYA, P.C.
Under the CARES Act, every employer with a payroll has an opportunity to retain cash–whether they have a PPP loan or not. What employers need to know right now.
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) along with the Payroll Protection Program (PPP) offer all business owners relief, but the details can be confusing or overlooked.
Perhaps you don’t fully understand how the deferral of the employer’s share of Social Security taxes works. Maybe you wonder if the deferral even applies to you—good news, it does if you have a payroll!
Failure to fully understand your options could cost you money, at a time when “cash is king.”
As part of PYA’s ongoing commitment to sharing helpful guidance, Tax Principals Debbie Ernsberger and Mark Brumbelow outlined issues and opportunities within the CARES Act, and answered questions during a one-hour webinar that originally aired on Wednesday, May 20, 2020.
Understanding Health Care Reform: A Dose of Accounting MedecineJames Moore & Co
The affordable Care Act was signed into law on March 23, 2010 and upheld by the Supreme Court in June 2012. These reform measures will have wide-spread impacts to most businesses and individuals. In this presentation, we discuss the tax consequences, small business health care credits, fees, and provide a summary of the Affordable Care Act and the status of reform.
Debt Relief For Small Businesses- Requirements for Your Loan Application – CO...Sylvie Luanghy
Since most banks are not yet ready to start accepting loan applications for the SBA Paycheck Protection Program, I decided to do some research on the program and put a quick PowerPoint overview for those who still lack information on the program eligibility requirements.
What Does Health Care Reform Mean for You? G&A Partners
Damon Thompson of G& A Partners examines the Patient Protection and Affordable Care Act (PPACA) that was signed into law on March 23, 2010.
G&A Partners is a comprehensive human resource outsourcing provider.
For more great HR webinars and training visit www.gnapartners.com.
This is my Powerpoint Presentation Desk presented to the People Management Society(PMSoc) BSBA-Human Resources Management students of De La Salle University Dasmariñas last 02 June 2021 (“HR SYNERGIA 2021: A Glimpse into the Past, Present, and Future of the Business World with an HR Lens)
Cadillac Tax for Employers 101 - How to Avoid Penalties?benefitexpress
This webinar covers: what coverages are subject to the tax, how the excise tax is determined, what adjustments will be available in determining the tax, and who collects the tax.
Small business owners guide to the cares actVijar Kohli
The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will
be many new resources available for small businesses, as well as certain nonprofits and other employers. This guide provides information about the major programs and initiatives that will soon be available from the Small Business Administration (SBA) to address these needs, as well as some additional tax
provisions that are outside the scope of SBA.
Please note: Seasonal employees ARE counted in the calculation for FTEs for the month that they work. However, if they work less than 120 days and cause the 50 FT threshold to be breached, then the employer is not considered a large employer.
Staffscapes, Inc. is a Human Resources Outsourcing firm that specializes in HR, Payroll & Benefits. We recently presented this slide show to a group of Colorado Small Business Owners and Managers and are sharing it with the general public today.
PPP Loan Forgiveness and Tax Considerations For the Construction IndustryWithum
Withum’s Construction Services Team is partnered up with New Jersey Subcontractors Association and New Jersey Land Improvement Contractors of America to host a forum regarding Paycheck Protection Program (PPP) Loan Forgiveness and Tax Considerations for the Construction Industry.
What the CARES Act Means for Independent Workers and Small BusinessesMBO Partners
What does the CARES Act mean for independent workers and small businesses? MBO Partners explains the nuances of this important act for COVID-19 relief.
The following Health Reform Checklist is intended to guide you through the general compliance requirements of
t he Affordable Care Act (ACA) as you prepare now for 2015 and beyond.
In general, these items apply to all employers.
There is a lot of confusion and misunderstanding about what the Affordable Care Act (Obamacare) is and how it will affect your business and employees. It is important to learn how it relates to you, your employees and your business. There are many moving parts and there are changes ahead. Our blog series and webinars will describe what the Affordable Care Act is "in plain English" and keep you up to date on the latest information.
Similar to 2020 Emergency Relief For Employers Called “Paycheck Protection Plan” Created By The CARES Act (20)
How to Build a Module in Odoo 17 Using the Scaffold MethodCeline George
Odoo provides an option for creating a module by using a single line command. By using this command the user can make a whole structure of a module. It is very easy for a beginner to make a module. There is no need to make each file manually. This slide will show how to create a module using the scaffold method.
Delivering Micro-Credentials in Technical and Vocational Education and TrainingAG2 Design
Explore how micro-credentials are transforming Technical and Vocational Education and Training (TVET) with this comprehensive slide deck. Discover what micro-credentials are, their importance in TVET, the advantages they offer, and the insights from industry experts. Additionally, learn about the top software applications available for creating and managing micro-credentials. This presentation also includes valuable resources and a discussion on the future of these specialised certifications.
For more detailed information on delivering micro-credentials in TVET, visit this https://tvettrainer.com/delivering-micro-credentials-in-tvet/
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
How to Add Chatter in the odoo 17 ERP ModuleCeline George
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
Thinking of getting a dog? Be aware that breeds like Pit Bulls, Rottweilers, and German Shepherds can be loyal and dangerous. Proper training and socialization are crucial to preventing aggressive behaviors. Ensure safety by understanding their needs and always supervising interactions. Stay safe, and enjoy your furry friends!
Normal Labour/ Stages of Labour/ Mechanism of LabourWasim Ak
Normal labor is also termed spontaneous labor, defined as the natural physiological process through which the fetus, placenta, and membranes are expelled from the uterus through the birth canal at term (37 to 42 weeks
2. PAYCHECK PROTECTION PLAN
UNDER THE CARES ACT
• On March 27, 2020, President Trump signed
Coronavirus Aid, Relief, and Economic Security Act
(CARES Act), aimed at providing financial relief for
American businesses in response to the economic
fallout from the fast-developing coronavirus (COVID-
19) pandemic.
• The measure provides direct financial aid to
American families by providing payroll and operating
expense support for small businesses, and loan
assistance.
• NOTE Guidance given following is based on the most
current information at the time. All guidance should
be reaffirmed based on additional guidance coming!
3. WHAT BUSINESSES QUALIFY FOR THE
PAYCHECK PROTECTION PROGRAM?
• Generally, any business in operation on February 15, 2020 with no more than 500
employees is eligible.
• This includes small businesses, as well as qualified nonprofit organizations, sole
proprietorships, independent contractors, and self-employed individuals.
• A business in the accommodation and food services industry with more than
one physical location qualifies if it employs no more than 500 employees at
each location.
• For purposes of eligibility, the SBA's affiliate rules are waived for businesses in the
hospitality and restaurant industries, franchises approved on the SBA's Franchise
Directory, and small businesses that receive financing through the Small
Business Investment Company program.
4. WHAT IS THE MAXIMUM LOAN
AMOUNT THAT CAN BE RECEIVED
• A borrower can receive the lower of $10
million or the product of 2.5 times the
average total monthly payroll costs for
the prior 12 months.
• Seasonal employers will use the 12-week period beginning
February 15, 2019 or eligible seasonal employers can make
an election to use March 1, 2019 to June 30, 2019.
• If the business was not in operation from February 15, 2019 to
June 30, 2019, then the business will use the average
monthly payroll from January 1, 2020 to February 29, 2020.
• Self-employed borrowers will be eligible to borrow their
average monthly income plus employee average monthly
payroll costs.
5. WHAT ARE “PAYROLL COSTS” TO
CALCULATE ELIGIBLE LOAN
AMOUNT
• Salary & wages
• Commissions or similar compensation
– Cash times or equivalent
• Vacation, parental, family, medical, or sick
leave;
• Severance pay
• Employer portion of group health coverage
including;
– Insurance premiums
• Employer portion of retirement contributions
• State unemployment insurance premiums
paid by the employer
6. WHAT IS NOT “PAYROLL
COSTS” TO CALCULATE
ELIGIBLE LOAN AMOUNT
• Compensation of an employee whose
principal place of residence is outside of the
United States
• Compensation of an individual employee in
excess of annual compensation of $100,000
• Qualified sick and family leave wages for
which as credit is allowed under the Families
First Coronavirus Response Act
• Independent contractors do not count as
employees
– Independent contractors can apply for their own PPP loan
so they do not count for purposed of a borrower’s PPP loan
calculation
7. Paycheck Protection Plan
Worksheet to Compute Maximum Loan Amount
Payroll Costs as defined under Section 1102
Total Payroll Costs
12 months prior
to loan application Monthly Average
Instructions: Enter data in highlighted areas with applicable data
Payroll Costs Included;
Gross Wages includes;
Salaries and Wages (limited to $100,000 per employee see below) $ 450,000
Commissions -
Cash tips or equivalent -
Vacation, parental, family, medical or sick leave -
Allowance for dismissal or separation -
Total Gross Wages (Typically Amount of Gross Wage for Total Payroll) $ 450,000
Group health care benefits, including insurance premiums Employer Portion 20,500
Retirement benefits Employer Portion 5,000
State or local tax assessed on compensation of employees (State Unempoyment taxes) 1,500
Net Income of a sole proprietor or independent contractor that is a wage or commission Limited to
$100,000 annual earnings -
Total Included Payroll Costs $ 477,000
Payroll Costs NOT Included;
Gross Wages Not included; (Enter if included in above numbers only)
Compensation of an individual employee in excess of $100,000 annual salary as prorated for the
covered period will not be included for the payroll cost. 75,000
Any compensation of an employee whose principal place of residence is outside of the United States.
-
Qualified sick leave wages for which a credit is allowed under section 7001 of the Family First
Coronavirus Response Act.
-
Total NOT Included Payroll Costs 75,000
Total NET Payroll Costs $ 402,000 $ 33,500.00
Total Loan Available @ 2.5 Times Average (Maximum Loan $10 Million) $ 83,750.00
8. BORROWER REQUIREMENTS
• An eligible recipient must make a
good faith certification stating;
– The applicant was in operation on February 15,
2020 and had employees for whom it paid salaries
and payroll taxes or paid independent
contractors, as reported on a Form 1099-MISC.
– The economic conditions make it necessary to
obtain a loan to support ongoing operations
– The business will use the funds to retain workers
and maintain mortgage, lease and utility
payments and that not more than 25% will be used
for non-payroll costs.
9. WHAT CAN A BUSINESS USE
PROGRAM FUNDS FOR?
• Businesses can use funds from Program
loans to cover expenses including:
– 75 % Must be used for Payroll costs, including
compensation to employees; payments for vacation,
parental, family, medical or sick leave; severance
payments; payments required for group health care
benefits (including insurance premiums), retirement
benefits, and state and local employment taxes
– 25% can be used for interest payments on
any mortgage obligations or other debt obligations
incurred before February 15, 2020 (but not principal
payments or prepayments of principal)
• Rental Payments
• Utility Payments
10. BORROWERS CAN QUALIFY
FOR LOAN FORGIVENESS
• Borrowers are eligible for loan
forgiveness if they used the loan
proceeds for
– 75% of the proceeds used for payroll costs
– Eligible payroll costs can not include annual
compensation greater than $100,000 for
individual employees.
– 25% used for rent payments, utility payments, or
mortgage interest payments
– 8 weeks from inception date.
11. BORROWERS CAN QUALIFY FOR
LOAN FORGIVENESS - CONTINUED
• The amount of loan forgiveness can be reduced
if the employer reduces the number of
employees as compared to the prior year,
– If the employer reduces the number of FTEs from previous
quarter then you reduce the forgivable debt by the % of
reduction.
– or if the employer reduces the pay of any employee by more
than 25% as of the last calendar quarter.
– Employers who re-hire workers previously laid off as a result of
the COVID-19 crisis will not be penalized for having a reduced
payroll for the beginning of the relevant period. Forgiveness
may also include additional wages paid to tipped workers.
12. BORROWERS CAN QUALIFY FOR
LOAN FORGIVENESS - CONTINUED
• Borrowers must apply for loan forgiveness to
their lenders by submitting required
documentation and will receive a decision
within 60 days.
• If a balance remains after the borrower
receives loan forgiveness, the outstanding
loan balance maturity date of 2 years after
the loan date will have an interest rate of 1%.
• No payment required for 6 months following
date of disbursement, however, interest will
accrue during the six-month deferment.
13. Costs Incurred During the "Covered" Period (8 weeks following loan origination):
Salaries and Wages (limited to $100,000 per employee see below) 60,000$
Commissions -
Cash tips or equivalent -
Vacation, parental, family, medical or sick leave -
Allowance for dismissal or separation -
60,000$
5,000
1,000
250
-
66,250$
Payroll Costs NOT Included;
Gross Wages Not included; (Enter if included in above numbers only)
Compensation of an individual employee in excess of $100,000 annual salary as prorated
for the covered period will not be included for the payroll cost. 1,500
Any compensation of an employee whose principal place of residence is outside of the
United States. -
Qualified sick leave wages for which a credit is allowed under section 7001 of the Family
First Coronavirus Response Act. -
Earnings from Self-Employment (if applicable) -
Total NOT Included Payroll Costs 1,500
Total NET Payroll Costs 64,750$
75% of Loan Proceeds calculated above must be paid to employees 62,813
Rent 6,000
Utilities 1,500
-
Total Other Non-Payroll Costs for the 8 Weeks Following Loan Origination 7,500
Must be less than 25% of loan proceeds 20,938
Total Loan Forgiveness before required reductions $ 267,750
LESS: Required Reductions in Loan Forgiveness:
Number of Employees:
Monthly Average Full Time Equivalent ("FTE") Employees for the
Covered Period (8 weeks following origination of the covered loan)** 15
Borrower can choose either periods with the higher average of FTE employees
Monthly Average FTE's for the period February 15, 2019 to June 30, 2019 OR Enter in
FTE Tab 18
Monthly Average FTE's for the period January 1, 2020 to February 29, 2020** Enter in
FTE Tab 19
FTE Based used for determining reduction: 18
Reduction or Increase in FTE's FTE Reduction
% Reduction (if applicable) 16.67% (44,625)
Compensation Reduction:
Individual Employee Compensation Reduction in Excess of 25%
Compared to the Most Recent Full Quarter Before Origination of Loan*** -
TOTAL LOAN FORGIVENESS 223,125$
BALANCE OF LOAN NOT FORGIVEN (if any) 44,625$
Interest on Covered Mortgages (on real or personal property)
Loan Forgiveness Amount
Represents the maximum amount of a qualified borrower may be forgiven
Payroll Costs for the 8 Weeks Following Loan Origination
Total Gross Wages
Group health care benefits, including insurance premiums
Retirement benefits
State or local tax assessed on compensation of employees
Net Income of a sole proprietor or independent contractor that is a wage or commission
Limited to $100,000 annual earnings (If Applicable)
Total Included Payroll Costs
Other Non-Payroll Costs for the 8 Weeks Following Loan Origination
14. TAXABILITY OF LOAN
FORGIVENESS
• The amount of debt forgiven for a
covered loan as part of the Paycheck
Protection Program shall be excluded
from gross income under the CARES
Act Section 1106(i)
– TAXABILITY. – For purposes of the Internal Revenue
Code of 1986, any amount which (but for this sub-
section) would be includible in gross income of the
eligible receipt by reasons of forgiveness
described in subsection (b) shall be excluded from
gross income.
15. ELIGIBLE LENDERS FOR THE
PAYCHECK PROTECTION PROGRAM
• To participate in the Paycheck Protection
Program, lenders must be either SBA
Qualified Lenders—those already
deemed qualified under section 7(a)—
• or Additional Lenders—those insured
depository institutions, insured credit
unions, (most lenders will quality) and
other lenders that the Administrator and
Secretary of the Treasury determine are
qualified pursuant to paragraph (36)
(together, Program Lenders).
16. WHAT POTENTIAL DOCUMENTS WILL A
LENDER REQUIRE TO MAKE THE LOAN
• Documentation verifying the number of full-time equivalent
employees on payroll and pay rates for pre- and post-
covered periods, including payroll tax filings such as forms
941 reported to the IRS and state income, payroll, and
unemployment insurance filings;
• Proof company paid group health insurance benefits
• Copies of company benefit plans and programs
• Retirement plan documents of company provided
retirement payments
17. WHAT POTENTIAL DOCUMENTS WILL A LENDER
REQUIRE TO MAKE THE LOAN FOR SOLE
PROPRIETORS & INDEPENDENT CONTRACTORS
• Previously filed Sch Cs
• Payroll tax filings including forms 941
reported to the IRS and state income, payroll,
and unemployment insurance filings;
• Forms 1099-MISC received from other payors
• Financial Statements including a profit and
loss for the previous 12 months prior to
application date
18. WHAT DOCUMENTS MUST A LENDER
REQUIRE TO OFFER A BORROWER
LOAN FORGIVENESS
• As discussed above, loan forgiveness is available for
8 weeks of payroll costs, mortgage interest or rent
payments, and utility payments. To be eligible to
receive loan forgiveness, a borrower must submit a
complete application to the lender containing the
following required documents:
– Documentation verifying the number of full-time
equivalent employees on payroll as well as the dollar
amounts of payroll costs, covered mortgage interest
payments, covered rent payments, and covered utilities
for the 8 week period following this loan will be provided
to the lender.
• including payroll tax filings reported to the IRS
• and state income,
• payroll, and unemployment insurance filings;
19. WHAT DOCUMENTS MUST A LENDER
REQUIRE TO OFFER A BORROWER LOAN
FORGIVENESS - CONTINUED
– Documentation such as cancelled checks
verifying mortgage interest, lease, and utility
payments;
– Certification from a representative of the
recipient that
• (a) the documentation presented is true and accurate in
all material respects, and
• (b) the amount for which forgiveness is requested was
used to retain employees 75%, make interest payments on
a covered mortgage obligation, make payments on a
covered rent obligation or make covered utility payments
25%; and
• I acknowledge that the lender will confirm the eligible loan
amount using tax documents I have submitted. I affirm
that these tax documents are identical to those submitted
to the Internal Revenue Service
20. PPP LOAN TERMS AND
CONDITIONS
• SBA guarantees 100% of loan so no risk
to bank
• No collateral will be required
• No personal guarantees will be
required
• Interest 1% APR
• Loan term 2 years with a 6 month
payment deferral
21. AT COOK MARTIN POULSON WE ARE
CONSTANTLY STRIVING TO MAKE A
DIFFERENCE IN PEOPLES LIVES.
We would love to find additional ways to help you solve the problems that keep
you awake at night. Please contact us at 801-252-5649 for our Salt Lake City
professionals or 435-258-7405 for our Logan professionals.
If you would like further information please check out our resources page here:
https://cookmartin.com/coronavirus/
You can also join us again at one of these future webinars:
• March 31st, 11am MTN
• April 1st, 2pm MTN
• April 2nd, 12pm MTN
• April 3rd, 3pm MTN
info@cookmartin.com
Salt Lake:
(801) 252-5649
Logan:
(435) 258-7405