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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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IRS Issues Additional Relief for Opportunity Zone Investors

Posted 5:45 PM by
The fallout of COVID-19 continues to strain the investment community, and Qualified Opportunity Zones (QOZs) are no exception. The IRS provided initial relief for the QOZ community in April, extending (for many investors) the 180-day period to invest capital gains until July 15, 2020. This week, the IRS provided additional relief for QOZ investors, Qualified Opportunity Funds, and Qualified Opportunity Zone Businesses by issuing Notice 2020-39, which further relaxes some of the timeline constraints within the QOZ program.
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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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Standards Update 6/5/20

Posted 3:45 PM by
The Financial Accounting Standards Board (FASB) regularly issues Accounting Standards Updates (ASUs) to make changes to the FASB Codification, the primary source of Accounting Principles Generally Accepted in the United States (GAAP).
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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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On-Demand Webinar: PPP Loan Forgiveness Update

Posted 2:45 PM by
Over Memorial Day weekend, the U.S. Small Business Administration (SBA) released interim final rules on Paycheck Protection Program (PPP) loan forgiveness and loan review procedures. While the guidance confirms some previous expectations, it also includes new clarification on wages, forgiveness reduction exceptions, and other significant issues.
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House Passes PPP Flexibility Act That Relaxes Forgiveness Requirements

Posted 8:45 PM by
The House passed the Paycheck Protection Program (PPP) Flexibility Act on May 28, 2020. The bill received an overwhelming bipartisan vote and is now headed for the Senate.
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Indiana Adds New Restrictions on Physician Noncompete Agreements

Posted 3:15 PM by
Indiana recently enacted legislation that will create new restrictions on physician noncompete agreements. Indiana Code 25-22.5-5.5 will affect physician noncompete agreements originally entered into on or after July 1, 2020. Under the terms of the new legislation, a physician noncompete agreement must include and satisfy certain provisions in order to be enforceable.
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