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HHS Expands PRF Eligibility, Relaxes Fund Usage Requirements

Posted 8:30 PM by
The Department of Health and Human Services (HHS) recently issued a policy update that makes significant changes to the Provider Relief Fund program. The Oct. 22 announcement not only expands PRF eligibility to healthcare providers that were excluded from previous distributions; it relaxes reporting requirements for recipients, allowing them more flexibility in how they apply funds to lost revenue.
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CARES Act Reporting Requirements for Healthcare Providers: What You Need to Know

Posted 6:45 PM by
The Coronavirus Aid, Relief, and Economic Security (CARES) Act created multiple programs to assist healthcare providers in weathering the COVID-19 storm. And while the financial support has been welcomed by the industry, it introduced many new deadlines, rules, and reporting requirements. Here is a summary of what you need to know.
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Presidential Election Impact on the National Tax Landscape

Posted 6:45 PM by
With just weeks left until the 2020 election, a slew of tax legislation nearing expiration, and economic recovery from COVID-19 taking center stage, many are wondering how the presidential election outcome will affect the country’s tax landscape.
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On-Demand Webinar: Bridging the Gap at Your Not-for-Profit

Posted 1:00 PM by
What is a gap analysis, and why is conducting one so important for not-for-profit organizations? Whether it’s to increase funding, pursue new opportunities, prioritize needs, or benchmark performance, a gap analysis can help a not-for-profit organization accomplish its goal.
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Preparing Your Business for Sale: 5 Keys to Success

Posted 6:00 PM by
If you’re thinking about selling your business right now, you’re not alone. The pandemic has added to the sense of urgency for owners who were already inclined to sell, and it probably has many others, who were previously uninterested in selling, wondering if now might be the right time.
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New Rules Simplify Forgiveness for PPP Loans of $50K or Less

Posted 7:49 PM by
Late last week, the U.S. Small Business Administration and the Department of the Treasury issued an interim final rule (IFR) that simplifies loan forgiveness for borrowers that received Paycheck Protection Program (PPP) loans of $50,000 or less. It’s important to note that the IFR did not make forgiveness automatic, but the new loan forgiveness application, Form 3508S, is significantly easier to complete than the standard loan forgiveness application, Form 3508. Here’s an overview of the new IFR and what it means for borrowers.
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What's Next for Manufacturers? Planning and Forecasting in a COVID-19 Era

Posted 7:15 PM by
For manufacturers, 2020 has been one long slog of wondering, “What do we do next?” As businesses head into the fourth quarter – facing year-end planning pressures while simultaneously managing through a pandemic – the answer to this question may be more important than ever before.
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Video: Doing Great Things Featuring Annie Martinez of Children’s Bureau, Inc.

Posted 7:15 PM by
“Inspiring great people to do great things” is Katz, Sapper & Miller’s mission, and we’re honored to play a small part in helping clients across a wide variety of industries think big, bring their innovative ideas to life, and serve their communities and customers.
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SBA Explains What Approvals Are Needed for Transactions Involving PPP Loans

Posted 8:30 PM by
Over the past several months, proper management of the Paycheck Protection Program (PPP) loan has become a critical issue during transactions. Sellers and buyers, eager to move their deals along, were left wondering whether the PPP loan should be repaid and what, if any, notifications or approvals were needed – either to the SBA, the lender, or both.
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October Is Employee Ownership Month

Posted 12:45 PM by
In today’s business environment, companies across the country have had to identify new paths towards success and adapt to meet unexpected challenges and work situations. These entrepreneurial steps are not new to employee-owned companies, where high-levels of engagement, transparency, and idea sharing are common.
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