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PPP Application Deadline Extended to Aug. 8

Posted 7:45 PM by
With nearly $130 billion of funding remaining in the Paycheck Protection Program (PPP), last week Congress unanimously approved an extension of the application deadline. The extension was signed into law by Pres. Trump over the weekend and gives borrowers until Aug. 8 to apply for the loan.
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On-Demand Webinar: The State of Philanthropy: An Analysis of Giving USA Data Trends From 2019 to Today

Posted 12:45 PM by
Philanthropic giving plays a crucial role in our communities, and it is the lifeblood for many not-for-profit organizations. Having an in-depth understanding of philanthropic trends and dynamics – especially in changing times – can help not-for-profits create effective fundraising strategies and thoughtfully prepare for the future.
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On-Demand Webinar: COVID-19 Recovery for Manufacturers: Improving Cash Flow and Managing Disruptions

Posted 8:09 PM by
As the effects of COVID-19 continue to wreak havoc on our nation’s economy, there may be no industry more disrupted than manufacturing. While some manufacturing companies are still in survival mode and evaluating whether or not to keep their doors open, others are cautiously transitioning into recovery, picking up the pieces from the pandemic and evaluating how best to move forward. Whatever the situation, all companies are looking for ways to mitigate the financial impact of the pandemic.
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Federal Reserve Begins Main Street Lending Program

Posted 7:15 PM by
The long-awaited Main Street Lending Program (MSLP) is now underway. The Federal Reserve opened lender registration on June 15 and encouraged lenders to begin making Main Street program loans as soon as possible upon registration, though the Federal Reserve is still expanding the infrastructure needed to fully operationalize the program to loan applicants.
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On-Demand Webinar: PPP Loan Forgiveness Updates for Manufacturers

Posted 12:45 PM by
The Paycheck Protection Program Flexibility Act of 2020 was recently signed into law, and it significantly changes the Paycheck Protection Program (PPP) loan forgiveness options. Borrowers now have more time to use funds, the time to satisfy safe harbors has been extended, and payroll requirements have been relaxed.
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On-Demand Webinar: Paycheck Protection Program Flexibility Act: What You Need to Know

Posted 5:15 PM by
On June 5, the Paycheck Protection Program Flexibility Act of 2020 was signed into law. The new law significantly changes the Paycheck Protection Program (PPP) by giving borrowers more time to use funds, extending the time to satisfy safe harbors, relaxing payroll requirements, and more.
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COVID-19 Business Survival Series: “Innovation: The COVID-19 Silver Lining”

Posted 8:54 PM by
The dark cloud called COVID-19 has been hanging over the nation’s economy for months. It has disrupted every point in the supply chain and has affected every level of engagement within companies themselves. But in the midst of this massive disruption, we’re starting to see a silver lining. COVID-19 has forced organizations to innovate – to reinvent presence, productivity, and collaboration. These innovations will likely stick with us long after the crisis is over, which might be one of the few really good things to come out of this otherwise challenging time.
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Paycheck Protection Program Flexibility Act Eases PPP Rules

Posted 6:30 PM by
On June 5, the Paycheck Protection Program Flexibility Act of 2020 (the Act) was signed into law. The new law significantly changes the Paycheck Protection Program (PPP) by giving borrowers more time to use funds, extending the time to satisfy safe harbors, relaxing payroll requirements, and more.
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IRS Provides More Guidance on Employee Retention Credit

Posted 5:45 PM by
Businesses that did not receive a forgivable loan under the Paycheck Protection Program (PPP), including business that repaid their PPP loan by May 18, 2020, may be able to find economic relief by claiming the Employee Retention Credit. The Employee Retention Credit is a payroll tax credit available to eligible employers in an amount equal to 50% of qualified wages paid after March 12, 2020.
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KSM to Host Virtual Viewpoint Construction Software Local User Group Meeting

Posted 4:15 PM by
In order to keep our clients and friends safe and healthy during the COVID-19 crisis while still providing a forum for open discussion, Katz, Sapper & Miller’s Construction Services Group has temporarily moved our usual in-person Viewpoint Construction Software® Local User Group Meeting to a virtual event on June 17 from 2:00-4:00 p.m. EDT.
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