The document summarizes information about various Small Business Administration (SBA) assistance programs, including the Economic Injury Disaster Loan (EIDL) program and Paycheck Protection Program (PPP). It provides details on eligibility requirements, maximum loan amounts, allowable uses of funds, loan forgiveness terms, and sample calculations for the PPP. The document also lists financial assistance programs available from various state and local governments. Representatives from Withum, an accounting and advisory firm, hosted the event to provide information and answer questions about accessing SBA assistance.
Landlords & tenants managing through distressWithum
The COVID-19 pandemic has been, for better or worse, a transformative time for businesses undergoing disruption to everyday operations. As trends in office space and locations shift on a large scale, tenants are seeking ways to circumvent existing leases. The demand for rent concessions grows as tenants consider their options in the face of losses and even bankruptcy.
Tenant distress puts a strain on landlords. Whether strict in their terms or accommodating of tenants’ needs, landlords should be well-versed in their protections under the law. Meanwhile, shortfalls in rent payments and obstacles with reopening guidelines pose landlords with struggles of their own.
What can landlords and tenants alike do in the face of these obstacles as the pandemic and economic downturn continue? What trends and innovations can be adopted to help businesses succeed in the face of distress? What is predicted to come next?
Join William Kinney, member of Withum’s Real Estate Services Team; Donald Clarke, Bankruptcy and Restructuring Attorney at Wasserman, Jurista & Stolz; and Ken DeGraw, leader of Withum’s Financial Distress and Recovery Services Team, for this multifaceted discussion.
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.
2021 Year End Tax Planning for Law Firms and AttorneysWithum
2021 has ushered in a return to what we can consider our new normal for the foreseeable future. The impact of COVID-19 on law firms persists in the form of hybrid work environments as managing partners are tasked with creating return-to-work policies with flexible remote work options.
With remote work comes complicated nexus implications that law firms must navigate. Meanwhile, federal and state tax laws, particularly Pass-Through Entity Taxes (PTET), continue to impact law firms in a unique way.
Landlords & tenants managing through distressWithum
The COVID-19 pandemic has been, for better or worse, a transformative time for businesses undergoing disruption to everyday operations. As trends in office space and locations shift on a large scale, tenants are seeking ways to circumvent existing leases. The demand for rent concessions grows as tenants consider their options in the face of losses and even bankruptcy.
Tenant distress puts a strain on landlords. Whether strict in their terms or accommodating of tenants’ needs, landlords should be well-versed in their protections under the law. Meanwhile, shortfalls in rent payments and obstacles with reopening guidelines pose landlords with struggles of their own.
What can landlords and tenants alike do in the face of these obstacles as the pandemic and economic downturn continue? What trends and innovations can be adopted to help businesses succeed in the face of distress? What is predicted to come next?
Join William Kinney, member of Withum’s Real Estate Services Team; Donald Clarke, Bankruptcy and Restructuring Attorney at Wasserman, Jurista & Stolz; and Ken DeGraw, leader of Withum’s Financial Distress and Recovery Services Team, for this multifaceted discussion.
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.
2021 Year End Tax Planning for Law Firms and AttorneysWithum
2021 has ushered in a return to what we can consider our new normal for the foreseeable future. The impact of COVID-19 on law firms persists in the form of hybrid work environments as managing partners are tasked with creating return-to-work policies with flexible remote work options.
With remote work comes complicated nexus implications that law firms must navigate. Meanwhile, federal and state tax laws, particularly Pass-Through Entity Taxes (PTET), continue to impact law firms in a unique way.
PPP Loan Forgiveness and Re-opening Guidance for the Restaurant IndustryWithum
In the midst of COVID-19, restaurants have been forced to change their business model quickly. Withum is partnering with New Jersey Restaurant and Hospitality Association to provide insight on PPP Loan forgiveness and how to prepare for re–opening your restaurant.
After a year of uncertainty and economic disruption, the restaurant industry has won federal relief. On March 11 President Biden signed the American Rescue Plan into law which includes a $28.6 billion Restaurant Revitalization Fund (RRF) to assist struggling restaurants during the pandemic. The RRF impacts restaurant owners with 20 or fewer locations and will be administered by the Small Business Administration.
Topics for discussion:
- Who is eligible for RRF?
- How can the fund be used?
- Next steps and important considerations for restaurant owners
Withum and Giordano Halleran & Ciesla teamed up with PWC NJ to present Financial and Legal Considerations for individuals and businesses amidst COVID-19.
2020 Year-End Tax Planning for Law Firms and AttorneysWithum
Tax planning can be a difficult strategic process; this tax planning season is further complicated by the COVID-19 pandemic as well as the uncertainties surrounding the Presidential Election. This session will shed light on a number of significant considerations regarding NJ BAIT, nexus issues related to remote working, and PPP loan forgiveness as it relates to general high net worth planning.
Presenters:
• Chuck Miller, CEO, NgenX Energy
• Martin Harski, Cost Segregation Principal, National Tax Service Group, Withum
• Cary Milstein, Early Entrepreneur, Medical Cannabis Sector
In this webinar, CARES Act Funding and Single Audit Update, Withum’s Devin Desmond and Jennifer Stewart discuss recent developments related to Coronavirus Aid, Relief and Economic Security (CARES) Act funding in addition to revisions to Uniform Guidance and Single Audit implications. Viewers are able to identify recent developments related to CARES Act funding and better understand revisions to Uniform Guidance and impact on Single Audits.
Handout -revenue recognition webcast 5-27-15Jin Young Park
Revenue is often considered the single most important financial statement measure. However, it can be one of the most subjective amounts on a financial statement as there is no single authoritative accounting pronouncement on how to recognize revenue.
In order to transition effectively to the sweeping new revenue recognition standard (ASU 2014-09), you need a sufficient command of the nuances embedded in our present accounting guidance on revenue recognition. This webinar will address these issues and more.
The passage of the Tax Cuts and Jobs Act will have widespread and long lasting implications throughout the country and will change how most taxpayers will prepare their tax returns. Citrin Cooperman recently hosted a seminar in Philadelphia to provide insight on where we are now, how we plan to move forward, and how the new law will impact your overall business and tax strategies. Join us to get answers to questions in the following areas:
Corporate and Businesses
Pass-Through Entities
International Issues
Individuals
C-Suite Snacks Webinar Series: There’s No Vaccine for This - State and Local ...Citrin Cooperman
Sign up for our weekly C-Suite Snacks webinars here: https://www.citrincooperman.com/infocus/c-suite-snacks
Our C-Suite Snacks webinar series provides the middle market with brief, strategic, and tactical business improvement information for 30 minutes every week. Join Citrin Cooperman live every Thursday at noon for snack-sized insights for business executives.
The pandemic has affected everything in our lives, all the way down to how we run our businesses and our personal finances. In this session, State and Local Tax Partner Eugene Ruvere covered business and personal income tax considerations connected to the pandemic.
CARES Act Update - What you Need to Know Heading into 2021Citrin Cooperman
During this webinar we focused on the interplay between the different CARES Act provisions, in particular PPP loans, Provider Relief Funds, and Medicare Advanced Payments, and how they may impact 2020 year-end planning and 2021 forecasting.
The Long Lasting Impact of Tax Reform- NYC- Event- 1/24/18Citrin Cooperman
The passage of the Tax Cuts and Jobs Act will have widespread and long lasting implications throughout the country and will change how most taxpayers will prepare their tax returns. Citrin Cooperman recently hosted a seminar in NYC to provide insight on where we are now, how we plan to move forward, and how the new law will impact your overall business and tax strategies.
High Net Worth Webinar Series - Estate Planning Strategies and UpdatesCitrin Cooperman
There’s much uncertainty in the world of estate planning for high net worth individuals and their families. With numerous legislative proposals that would drastically alter the current estate planning landscape, listen in as our Trust and Estate Services Practice team discusses: various proposals, including those in Congress and the Biden Administration’s Green Book, estate and gift planning strategies for the remainder of tax year 2021, and more.
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.
PPP Loan Forgiveness and Re-opening Guidance for the Restaurant IndustryWithum
In the midst of COVID-19, restaurants have been forced to change their business model quickly. Withum is partnering with New Jersey Restaurant and Hospitality Association to provide insight on PPP Loan forgiveness and how to prepare for re–opening your restaurant.
After a year of uncertainty and economic disruption, the restaurant industry has won federal relief. On March 11 President Biden signed the American Rescue Plan into law which includes a $28.6 billion Restaurant Revitalization Fund (RRF) to assist struggling restaurants during the pandemic. The RRF impacts restaurant owners with 20 or fewer locations and will be administered by the Small Business Administration.
Topics for discussion:
- Who is eligible for RRF?
- How can the fund be used?
- Next steps and important considerations for restaurant owners
Withum and Giordano Halleran & Ciesla teamed up with PWC NJ to present Financial and Legal Considerations for individuals and businesses amidst COVID-19.
2020 Year-End Tax Planning for Law Firms and AttorneysWithum
Tax planning can be a difficult strategic process; this tax planning season is further complicated by the COVID-19 pandemic as well as the uncertainties surrounding the Presidential Election. This session will shed light on a number of significant considerations regarding NJ BAIT, nexus issues related to remote working, and PPP loan forgiveness as it relates to general high net worth planning.
Presenters:
• Chuck Miller, CEO, NgenX Energy
• Martin Harski, Cost Segregation Principal, National Tax Service Group, Withum
• Cary Milstein, Early Entrepreneur, Medical Cannabis Sector
In this webinar, CARES Act Funding and Single Audit Update, Withum’s Devin Desmond and Jennifer Stewart discuss recent developments related to Coronavirus Aid, Relief and Economic Security (CARES) Act funding in addition to revisions to Uniform Guidance and Single Audit implications. Viewers are able to identify recent developments related to CARES Act funding and better understand revisions to Uniform Guidance and impact on Single Audits.
Handout -revenue recognition webcast 5-27-15Jin Young Park
Revenue is often considered the single most important financial statement measure. However, it can be one of the most subjective amounts on a financial statement as there is no single authoritative accounting pronouncement on how to recognize revenue.
In order to transition effectively to the sweeping new revenue recognition standard (ASU 2014-09), you need a sufficient command of the nuances embedded in our present accounting guidance on revenue recognition. This webinar will address these issues and more.
The passage of the Tax Cuts and Jobs Act will have widespread and long lasting implications throughout the country and will change how most taxpayers will prepare their tax returns. Citrin Cooperman recently hosted a seminar in Philadelphia to provide insight on where we are now, how we plan to move forward, and how the new law will impact your overall business and tax strategies. Join us to get answers to questions in the following areas:
Corporate and Businesses
Pass-Through Entities
International Issues
Individuals
C-Suite Snacks Webinar Series: There’s No Vaccine for This - State and Local ...Citrin Cooperman
Sign up for our weekly C-Suite Snacks webinars here: https://www.citrincooperman.com/infocus/c-suite-snacks
Our C-Suite Snacks webinar series provides the middle market with brief, strategic, and tactical business improvement information for 30 minutes every week. Join Citrin Cooperman live every Thursday at noon for snack-sized insights for business executives.
The pandemic has affected everything in our lives, all the way down to how we run our businesses and our personal finances. In this session, State and Local Tax Partner Eugene Ruvere covered business and personal income tax considerations connected to the pandemic.
CARES Act Update - What you Need to Know Heading into 2021Citrin Cooperman
During this webinar we focused on the interplay between the different CARES Act provisions, in particular PPP loans, Provider Relief Funds, and Medicare Advanced Payments, and how they may impact 2020 year-end planning and 2021 forecasting.
The Long Lasting Impact of Tax Reform- NYC- Event- 1/24/18Citrin Cooperman
The passage of the Tax Cuts and Jobs Act will have widespread and long lasting implications throughout the country and will change how most taxpayers will prepare their tax returns. Citrin Cooperman recently hosted a seminar in NYC to provide insight on where we are now, how we plan to move forward, and how the new law will impact your overall business and tax strategies.
High Net Worth Webinar Series - Estate Planning Strategies and UpdatesCitrin Cooperman
There’s much uncertainty in the world of estate planning for high net worth individuals and their families. With numerous legislative proposals that would drastically alter the current estate planning landscape, listen in as our Trust and Estate Services Practice team discusses: various proposals, including those in Congress and the Biden Administration’s Green Book, estate and gift planning strategies for the remainder of tax year 2021, and more.
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.
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
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.
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.
CARES ACT - Economic Relief to Families and BusinessesRajesh Damarapati
CARES ACT is aimed at providing relief for individuals and businesses that have been negatively impacted by the coronavirus outbreak. While that is great news, in and of itself, presentation covers some of the key provisions included in the bill and what that may mean for you
CARES ACT - Economic Relief to Families and BusinessesRajesh Damarapati
CARES ACT is aimed at providing relief for individuals and businesses that have been negatively impacted by the coronavirus outbreak. While that is great news, in and of itself, presentation covers some of the key provisions included in the bill and what that may mean for you
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.
GEORGIA | SBA | SBDC EMERGENCY LOAN RESOURCES with Wind
Georgia Small Business Recovery Website
https://www.georgiasbdc.org/georgia-small-business-recovery/
GEORGIA SBDC
https://www.georgiasbdc.org/
DEPARTMENT COMMUNITY AFFAIRS
https://www.dca.ga.gov/community-economic-development
https://gov.georgia.gov/press-releases/2020-04-02/gov-kemp-university-georgias-sbdc-provide-overview-cares-act-funding
LINK TO WEBINARS
https://www.georgiasbdc.org/georgia-small-business-recovery/#webinars
LIST OF WEBINAR FOR 7 APRIL, 2020
Region 3 (Session 4) – Tuesday, April 7, 1:00 pm
Zoom Link: https://zoom.us/j/780700152
Call-In: +1 (646) 876-9923 US
Meeting ID: 780 700 152
Contact: UGA SBDC in Gwinnett, (678) 985-6820 or gwinnett@georgiasbdc.org
Region 3 (Session 5) – Tuesday, April 7, 4:00 pm
Zoom Link: https://zoom.us/j/239128948
Call-In: +1 (646) 876-9923 US
Meeting ID: 239 128 948
Contact: UGA SBDC in DeKalb, (770) 414-3110 or dekalb@georgiasbdc.org
Region 4 – Tuesday, April 7, 9:00 am
Zoom Link: https://zoom.us/j/640983269
Call-In: +1 (646) 876-9923 US
Meeting ID: 640 983 269
Contact: UGA SBDC at the University of West Georgia, (678) 839-5082 or carrollton@georgiasbdc.org
Region 5 – Tuesday, April 7, 10:00 am
Zoom Link: https://zoom.us/j/276560811
Call-In: +1 (646) 876-9923 US
Meeting ID: 276 560 811
Contact: UGA SBDC in Athens, (706) 542-7436 or athens@georgiasbdc.org
Region 6 – Tuesday, April 7, 11:00 am
Zoom Link: https://zoom.us/j/381444891
Call-In: +1 (646) 876-9923 US
Meeting ID: 381 444 891
Contact: UGA SBDC in Macon, (478) 757-3609 or macon@georgiasbdc.org
Region 7 – Tuesday, April 7, 12:00 noon
Zoom Link: https://zoom.us/j/244537302
Call-In: +1 (646) 876-9923 US
Meeting ID: 244 537 302
Contact: UGA SBDC in Augusta, (706)-650-5655 or augusta@georgiasbdc.org
Region 8 – Tuesday, April 7, 2:00 pm
Zoom Link: https://zoom.us/j/876276219
Call-In: +1 (646) 876-9923 US
Meeting ID: 876 276 219
Contact: UGA SBDC in Columbus, (706) 569-2651 or columbus@georgiasbdc.org
Region 9 – Tuesday, April 7, 3:00 pm
Zoom Link: https://zoom.us/j/414456876
Call-In: +1 (646) 876-9923 US
Meeting ID: 414 456 876
Contact: UGA SBDC in Macon, (478) 757-3609 or macon@georgiasbdc.org
Region 10 – Monday, April 6, 2:00 pm
Zoom Link: https://zoom.us/j/172719492
Call-In: +1 (646) 876-9923 US
Meeting ID: 172 719 492
Contact: UGA SBDC in Albany, (229) 420-1144 or albany@georgiasbdc.org
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.
How Your Company is Affected by the CARES Act and Related LegislationRoger Royse
"Idea to IPO" Webinar description:
The U.S. government is providing relief and stimulating the economy through the $2 TRILLION CARES Act of 2020 and other measures to help corporations, small businesses, and people laid off due to the COVID-19 crisis.
The speaker will discuss:
1) What is the CARES Act of 2020?
2) What does the CARES Act of 2020 hope to achieve?
3) Will there be follow up programs to come?
4) How can entrepreneurs and small businesses benefit from the CARES ACT of 2020?
5) How does one go about applying for grants and loans administered under the CARES ACT of 2020?
6) What are the new rules relating to sick leave and paid leave?
7) What COVID-19 related tax incentives are available to companies?
and more!
Coronavirus Financial Assistance ProgramsMark Gottlieb
[Attorneys of All Disciplines] Under The Caption - "Must Be Shared" - Download our PowerPoint Presentation discussing the various Coronavirus Financial Assistance Programs. Many of you are also eligible. Call us if you need further assistance.
[퐀퐭퐭퐨퐫퐧퐞퐲퐬 퐨퐟 퐀퐥퐥 퐃퐢퐬퐜퐢퐩퐥퐢퐧퐞퐬] 퐔퐧퐝퐞퐫 퐓퐡퐞 퐂퐚퐩퐭퐢퐨퐧 - "퐌퐮퐬퐭 퐁퐞 퐒퐡퐚퐫퐞퐝"- Download our PowerPoint Presentation discussing the various Coronavirus Financial Assistance Programs. Many of you are eligible. Call us if you need further assistance.
What Is Life After Coronavirus? How To Claim SBA Disaster & CARES Act LoansRea & Associates
While the COVID-19 crisis continues to impact businesses large and small, government entities and lending institutions are working tirelessly to provide the relief necessary to maintain operations, maintain a workforce, and overcome the crisis. We continue to receive minute-by-minute updates from government officials and others who are trying to help streamline the process and provide you with the funds you need to stay in business.
We understand how difficult the application process is for those looking to take advantage of the assistance being offered by the Small Business Administration, which is why our SBA Loan Task Force will provide you with a presentation designed to help you understand the resources now available through the SBA disaster loan program, as well as the new resources that are becoming available as a result of the pending CARES Act legislation.
This presentation will help you determine:
Whether your business is eligible to receive funds.
How to apply.
What information you will need to complete the loan process.
Best practices and resources to help you along.
This presentation is presented by Paul McEwan, CPA, MTax, AIFA, principal and director of benefit plan services at Rea & Associates; Matt Long, CPA, MT, principal and director of client advisory services at the firm; and Scott Moyer, CPA, principal and director of oil & gas services.
Paul, Matt, and Scott have stepped up to lead the Small Business Administration's Disaster Loan Task Force. Not only have they studied the topic and are actively updating their knowledge base as events continue to unfold, but this team also works directly with clients who are currently trying to navigate the process.
SBA & City of Evanston Economic Injury Webinar - 4/1/2020cityofevanston
Stephen Konkle from the Small Business Administration (SBA) presents options for City of Evanston businesses in the wake of the COVID-19 disaster. Includes information on the Economic Injury Disaster Loans (EIDL).
Webinar presented by TMA SoCal featuring panelists from Business Capital, Midcap Financial and Robins Kaplan with perspectives on borrowing, lending and legal implications during the COVID-19 crisis.
Covid 19 impact on lenders & borrowers webinarChuck Doyle, CTP
Webinar presented by TMA SoCal featuring panelists from Business Capital, Midcap Financial and Robins Kaplan with perspectives on borrowing, lending and legal implications during the COVID-19 crisis.
Similar to SBA Loan Programs Available for Small Businesses (20)
Join us for an exclusive and informative webinar as we delve into the exciting new updates and features of Sage Intacct's highly anticipated Release 3 for 2023! Discover how these enhancements will streamline your financial management processes, boost productivity, and empower your team with powerful tools for smarter decision-making.
We will walk you through the latest innovations, providing practical insights and real-world use cases to maximize the benefits of Intacct. After the webinar, you will be able to:
Recognize new release features for your business solution
Demonstrate the new user experience and navigation to ease
Manage the latest release of the solution to maximize its potential
Congressional Update on Potential Tax Legislation For You and Your Business.pptxWithum
Many taxpayers have been closely monitoring Congress to see if tax extenders could provide much needed federal income tax relief regarding the 2021 and 2022 Tax Cuts and Jobs Act sunset provisions, including R&E capitalization and the tightening of the interest expense limitation rules. On Friday June 9th, the House of Representatives introduced three bills in the House Ways and Means Committee that could alleviate burdens placed on privately owned businesses.
Learning Objectives
• Analyze the Tax Cuts and Jobs Act sunset provisions for the 2022 and 2023 taxable years.
• Assess the new tax law proposed in the Build It In America, Small Business Jobs, and Tax Cuts and Working Families Acts.
• Evaluate the US budgetary impact of the proposals.
Power Platform Governance Center of ExcellenceWithum
Unlock the full potential of Microsoft Power Platform and effectively govern your low-code applications and citizen developers. Learn how to define, monitor, track, govern, and perfect your Power Platform adoption and strategy, allowing you to focus on what you love most.
Safeguarding Your Law Firm Against Cyber ThreatsWithum
Law firms serve as stewards to valuable, sensitive financial and client information and must remain as trusted business partners.
With the scope and severity of cybercrimes rising, don’t wait to optimize your firm’s approach to cybersecurity. Join Edward Keck Jr., Partner and Practice Leader of Withum’s Cyber and Information Security practice, and Bill Sansone, Partner and Practice Leader of Withum’s Law Firm Advisory team, to learn:
• How to manage the cybersecurity risks affecting law firms, including data breaches
• The value of going beyond what’s required to operate effectively in today’s digital landscape
• How to apply data security best practices and maintain good cyber hygiene at your firm
Navigating Through Uncertain Times: An Economic Update for Manufacturers with...Withum
All companies in the supply chain are impacted by the current economic conditions and the uncertainties in front of us. To successfully navigate these times, businesses have been forced to consider new strategies, develop new alliances and pivot quickly to react to market demands.
Put Your NetSuite Data to Work – Discover Better NetSuite ReportingWithum
Reporting tools can help businesses make valuable data-driven decisions that can ensure your organization’s success. Whether you’re already using Oracle NetSuite or perhaps you’ve thought about it - learn how a built-for NetSuite reporting solution helps quickly build reports that improve business performance.
Withum’s NetSuite Lead, Chris Higgins, and special guest Josh LaSov, Founder of ZoneReporting (formerly Satori) share:
• A limitless reporting solution built for NetSuite by NetSuite experts in the #1 ranked BI tool – Power BI
• How 50+ pre-built reports provide business insights on Day 1
• Why integrating your other data sources with your NetSuite data is critical for end-to-end reporting
IRS Audits of The Employee Retention Credit 2.16.23.pdfWithum
Over the past several months, we have seen a significant uptick in IRS audits of the Employee Retention Credit (ERC). This session will address the details of the ERC with a focus on strategies to successfully resolve your IRS audit without adjustment. We will also share our experiences on what we have seen during these audits.
International Tax and TP in the Metaverse 2.9.23.pptxWithum
Join a panel of international tax and transfer pricing professionals with expertise in taxation of digital assets, blockchain technology, and the metaverse.
CMMC for Contractors and Manufacturers – What to Know for 2023Withum
Manufacturers, contractors, and suppliers who are members of (and/or affiliated with) the U.S. Defense Industrial Base (DIB) must prepare now to ensure assessment readiness. Fears of a near-term enormous bureaucratic traffic jam are arising as tens of thousands of SMBs scramble to become CMMC compliant to avoid administrative exclusion from the DOD bidding process.
Sales Use Tax Opportunities and Traps Affecting Your BusinessWithum
Join us to discuss new developments regarding how the Wayfair decision has affected businesses and the related sales tax compliance requirements. The team will also discuss opportunities such as common exemptions to identify potential refunds, potential audit triggers, and other sales tax trends including collections, remittance, and software solutions.
Webinar: Year-End Planning Steps for Success in 2022 11.29.2022.pdfWithum
Join Withum's tax experts for a timely overview on how you can minimize your tax bill this year.
Learn what steps you can take now to set your company up for success in 2022.
Lessons from the First 100 Days of Recreational Cannabis in New JerseyWithum
Withum’s Cannabis Sector Team and NJ Cannabis Regulatory Commissioner, Krista Nash, discussed new tax policies, and shared our unique insights and predictions for this robust industry.
6 Ways to Accelerate Your Multichannel GrowthWithum
Is your inventory tracking system aligned with your e-commerce platform? Are you having trouble reconciling your payments?
Learn how to remove inventory and payment processing roadblocks and discover a seamless path to growth.
Is There A Union In Your Future? Understanding Cannabis Labor Peace AgreementsWithum
Labor peace requirements instilled by state legislators will materially change U.S. cannabis businesses. California, Rhode Island, New York, New Jersey, Pennsylvania and Virginia are already requiring players in the cannabis market to enter a Labor Peace Agreement (LPA) as a condition to licensing. At least five other states and many municipalities do not require an LPA, but instead offer preferential treatment in a competitive licensing process to those who have signed one.
Withum welcomed Richard S. Rosenberg, Partner at Ballard Rosenberg Golper & Savitt, LLP to share his expertise on cannabis labor peace agreements. Richard is a management-side labor attorney who has extensive experience representing cannabis companies in connection with their LPA negotiations. Richard will explain what signing an LPA really means for your business now and into the future.
Using Cutting Edge Engagement Tools to Improve Talent RetentionWithum
Tech companies and other progressive businesses had been working remotely long before the pandemic and learned over the years how to use innovative tools to improve employee performance management and engagement in remote and hybrid environments. In this session, 15Five will share best practices and case studies lessons learned in companies leading the way in employee engagement and corporate culture and how you can apply them in your law firm.
This CPE webinar will explore Public Law 86-272, which was enacted to protect taxpayers from state income taxes when their sole activity in the state is limited to the solicitation and sale of tangible personal property. State tax authorities have been contesting this federal law ever since passage. Due to the rise of the digital economy, taxpayer protection under P.L. 86-272 has been steadily eroding.
On the final stop for our virtual Global Summit Series, Withum’s International Team proudly presents Dr. Kevin Lyons, Supply Chain Management Department and Director, Public Private Community Partnerships of Rutgers Business School, on a deep dive into how climate change will affect culture and global supply chains.
He will be providing insight into how the global community can start to think about what we can do together to minimize the impacts of climate change on our culture and the supply chains that also connect us. From this presentation international and domestic companies can gain a better understanding on how these impacts may surface in their day-to-day operations as well as long term company profits.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
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Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
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➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
2. withum.com 2
Frank Boutillette, CPA, CGMA,
Partner, Financial Services
Thomas Reck, CPA/ABV, CFF,
Forensic and Valuation Services
Matthew Walsh, CPA, MS,
Team Leader
3. withum.com
SBA Assistance Available
SBA Economic Injury Disaster Loan Program
Paycheck Protection Program
Sample Calculation for Paycheck Protection Program
Q&A Session (as time permits)
3
4. withum.com
SBA has several different financial assistance programs for small businesses
SBA Disaster Assistance Loans for businesses impacted by COVID-19
• Economic Injury Disaster Loan (EIDL) Program
• Emergency EIDL Grants
Standard 7(a) Loan Program with amendments under the CARES bill
Express Loan Program – increased amount from $350,000 to $1,000,000
6. withum.com
• Entities eligible
• Sole-proprietor (with or without employees); independent contractor; business, cooperative, ESOP
tribal small business concern with not more than 500 employees, and entities that meet the small
business definition of the SBA
• Maximum Loan: $2,000,000 (max. amount can be waived by SBA)
• Loan amount determined by SBA
• Interest Rates: 3.75% for businesses and 2.75% for nonprofit entities
• Term: up to 30 years
• SBA is waiving
“credit elsewhere” clause
Personal guarantees for loans under $200,000
Applicant needs to be in business for 1 yr. (but must have started prior to 1/31/20)
SBA can approve based solely on credit score and not require tax returns
7. withum.com
• Emergency Grant of up to $10,000 paid within 3 days after applying with SBA under the
EIDL Program
• Not required to be repaid
• If approved for Loan under Paycheck Protection Program, this grant would reduce the amount of
the loan forgiveness amount
8. withum.com
Step 1 – Apply for loan
On-line: https://disasterloan.sba.gov/ela
By mail
In person
Application documents include
• Business Loan Application (SBA Form 5)
• IRS Form 4506T completed by each business – principals owning 20% or more
• Personal financial statements
• Copies of recent federal income tax returns (or an explanation if not available)
• Schedule of monthly revenues
• Schedule of liabilities
9. withum.com
Step 2 – Property Verified and Loan Processing Decision Made
SBA reviews credit before conducting inspection
SBA will estimate the amount of the loss
Loan officer will determine eligibility and work closely with the company
through the process
Process takes 2 to 3 weeks
10. withum.com
Step 3 – Loans closed and funds disbursed
SBA prepares Loan Closing Document (LCD) for signature
Within 5 days of receiving the LCD back, the SBA will disburse the first round
of funds - $25,000
Caseworker will work with the Company to meet all loan conditions and
schedule out future disbursements
12. withum.com
Any business, private nonprofit or public nonprofit organization which
employs not more than 500 employees. In addition, small business concerns,
as defined by the SBA, may also be eligible
• SBA definition of small business concern varies based on total gross revenue or total
number of employees based on industry (NAICS)
• i.e. 33311 Machine Manufacturing – Farm Equipment – under 1,250 employees is considered a small
business
Includes sole-proprietors, independent contractors and eligible self-employed
individuals
Includes businesses with industry code beginning with 72 (Accommodation
and Food Services) business with multiple locations provided each location is
less than 500 employees
13. withum.com
Covered period is the period between February 15, 2020 and June 30, 2020
Payroll Costs
Employee (covers salaries up to $100,000 annually, as prorated for covered period)
• Salary; wage; commission; cash tip; vacation, parental, family, medical, or sick leave; health
insurance, retirement benefits; state and local taxes)
Sole proprietor or independent contractor (up to $100,000 annually, as prorated for
covered period)
• Wage; commission; income; net earnings from self-employment
Excludes qualified sick leave, family leave under the Families First Coronavirus
Response Act
14. withum.com
Maximum Loan amount (capped at $10,000,000)
2.5 times the average monthly payroll costs incurred during the 1 year period
before the date on which the loan is made PLUS
Outstanding amount of loans under 7(b)(2) that were made during 1/1/20
and ending on the date which covered loans are made available
• These are disaster loans other than for COVID-19, this too is subject to
interpretation whether you can excess fund from both programs
15. withum.com
• Allowable uses
• Payroll costs
• Costs for continuation of health care benefits, paid sick leave, medical or family leave
and insurance premium
• Payments of interest on any mortgage obligations
• Does not include prepayments of or payment of principle
Rent
Utilities
Interest on any other debt incurred before the covered period
16. withum.com
• Waiver of
• Personal guarantee
• Collateral
• Fees
• Loan is 100% guaranteed by the SBA
• Maximum maturity 10 years from the date the borrower applies for loan
forgiveness
• Interest rate not to exceed 4%
• Lender to provide a deferral of principle and interest for a period of 6 to 12 months
• There is no prohibition from a recipient of an EIDL during the period 1/31/20 and
ending on the date which covered loans are made available that is for a purpose
other than paying payroll costs
17. withum.com
• Loan Forgiveness
• Covered period – 8 week period beginning on the date of the origination of loan
• Amounts eligible for forgiveness of costs paid during covered period (8 week period)
• Payroll costs
• Interest on mortgages
• Rent
• Utility payments
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• The amount of the loan forgiveness shall not exceed the principle
• Reduction of forgiveness based on number of employees
• Average number of FTEs per month during the covered period divided by
• At the election of the borrower
Average number of FTEs per month during 2/15/19 to 6/30/19 or
Average number of FTEs per month during 1/1/20 to 2/29/20
Reduction based on Salary and Wages
• Any reduction in total salary of any employee during the covered period that is in excess of 25% of the total
salary during the most recent full quarter before the covered period
Employees earning over $100,000 per year not used in the calculation
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• Re-hire/re-instate reduced wages
• The amount of the reduction of the loan forgiveness is determined without regard to a
reduction of FTEs or Salary Reduction if
• By June 30, 2020, the employer eliminates the reduction of the number of FTEs and salary
amounts during the 2/15/20 and ending 30 days after the date of this enactment
21. withum.com
NYC Employee Retention Grant Program
• Small businesses with fewer than 5 employees can receive a grant up to $27,000 to cover 40%
of payroll costs for 2 months
• Includes all 5 boroughs
• Demonstrate COVID-19 caused 25% decrease in revenue
• Business operational for at least 6 months
• No outstanding tax liens or legal judgments
NYC Small Business Continuity Loan Fund
• Businesses with less than 100 employees are eligible for zero interest loan up to $75,000
• Demonstrate 25% reduction in revenue
• Demonstrate ability to repay the loan
• No outstanding tax liens or legal judgments
https://www1.nyc.gov/site/sbs/businesses/covid19-business-outreach.page
22. withum.com
Philadelphia COVID-19 Small Business Relief Fund
Microenterprise Grant - $5,000
• Businesses under $500,000
• Signed tax return
• Description of impact of COVID-19 on your business and plan for recovery
Small Biz Grant – up to $25,000
• Businesses with annual revenue $500,000 to $3M
• Signed tax return
• 2019 financial statements,
• verification of cash flow needs
• Proof of insurance
• Description of impact of COVID-19 on your business and plan for recovery
Small Biz Zero Interest Loan - $25,000 to
$100,000 Loan
• Businesses with annual revenue $3M to $5M
• Signed tax return
• 2019 financial statements
• verification of cash flow needs
• Proof of insurance
• Description of impact of COVID-19 on your business and plan for recovery
https://www.phila.gov/programs/philadelphia-covid-19-small-business-
relief-fund/
23. withum.com
Florida Small Business Emergency Bridge Loan COVID-19
• Applications accepted through May 8, 2020, contingent on availability of funds
• Businesses with 2 to 100 employees
• 1 year term
• Interest free for first 12 months, then 12% until repaid
• https://floridadisaster.biz/
24. withum.com
Los Angeles City Small Business Emergency Microloan Program
• Business located within the City of Los Angeles
• Show historical profits and ability to repay loan
• Prove job retention
• Use of funds – job retention, reasonable and eligible working capital expenses
• Loan limits $5,000 to $20,000
• Interest rate 0% for one year or 3% – 5% for up to 5 years
• No loan fees
• https://cloud.bmisw.com/CityOfLA/Account/Login?ReturnUrl=%2FCityOfLA%2FWorkflo
w%2FEnter%2FMicroloan_Begin
25. withum.com
San Francisco COVID-19 Small Business Resiliency Fund
• Grants up to $10,000 for employee salaries and rent
• Businesses with 1 – 5 employees
• Demonstrate a loss of revenue of more than 25%
• Have less than $2,500,000 in gross receipts
• https://oewd.org/covid-19-small-business-resiliency-fund
26. withum.com
New Jersey Economic Development Authority (EDA) is empowered to make grants during states of emergency, including
the current one
Fill out on line questionnaire which leads to either their program or the SBA program
NJEDA Small Business Emergency Assistance Grant Program up to $5,000
For NJ based SMEs that have between 1 – 10 FTEs
$1,000 per FTE up to a total of $5,000 Grant
NJEDA Small Business Assistance Loan Program up to $100,000
10 yr loan 0% interest 1-5 yrs; prevailing rate thereafter
Deferred payments for 12 months
In business for 1 year and under $5M in annual revenue
Impacted negatively by COVID-19
• Reduction of business hours, complete close of business, at least 20% decline in revenue
• Debt coverage ratio of 1.00 on 12-31-19
28. withum.com
• Talk with current bank relationship
• Do they provide SBA loans
• What information will they need
• If current bank does not provide SBA loans call Withum for referral
• Gather financial data
• Company formation documents (i.e. certification of incorporation)
• Financial statements – 3 years if you have them
• Personal financial statements for all owners over 20%
• Tax returns for last three years
• Payroll records for 2019 and 2020
• Schedule of all debt (mortgages, notes, accounts payable)
29. withum.com 29
Frank Boutillette, CPA, CGMA,
Partner, Financial Services
fboutillette@withum.com
Thomas Reck, CPA/ABV, CFF,
Forensic and Valuation Services
treck@withum.com
Matthew Walsh, CPA, MS,
Team Leader
mwalsh@withum.com
30. withum.com
Withum’s experts are available to assist with
tax training at your firm or organization.
Email sba@withum.com to get in touch with
our team.