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AICPA Issues Accounting Guidance for PPP LendersTechnical Questions and Answers (TQA) under Section 2130

7/2/2020

PPP lenders have had many questions about how to account for these types of loans and report on their arrangements. The AICPA and its Depository Institutions Expert Panel have released several Technical Questions and Answers (TQA) under Section 2130. We've summarized the TQAs related to PPP Loans here.

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CARES Act: Expanded Opportunities for Charitable Giving in 2020

7/1/2020

Included in the CARES Act are three changes to current tax law that impact the effect your charitable giving will have on your 2020 tax returns. These changes were made to not only stimulate the economy but also to encourage Americans to continue to support charitable organizations during these trying times. View these changes in this brief overview.

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WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part IV

6/30/2020

Our webinar provides practical real-world scenarios and focuses on key considerations for PPP loan forgiveness, including the latest guidance on new forgiveness applications, and 8-week vs. 24-week decisions and pitfalls. Access webinar materials here.

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WEBINAR MATERIALS: CARES Act Provider Relief Funds for Post-Acute & Long-Term Care Providers, Part II

6/25/2020

The U.S. Department of Health & Human Services has been distributing $175 billion to hospitals and other healthcare providers in response to the COVID-19 pandemic. This webinar will review the terms, tracking, and reporting of these funds to post-acute and healthcare providers. Access webinar materials here.

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5 Things PPP Borrowers Need to Do Now

6/20/2020

The Paycheck Protection Plan Flexibility Act further enhances the opportunity for loan forgiveness by expanding requirements on how the loans are spent and extending the period to use the funds to 24 weeks, with the ability to elect the 8-week period if funds were received prior to June 5, 2020. Borrowers of PPP loans should consider taking these steps to maximize the amount and accelerate the timing of loan forgiveness.

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What Plan Sponsors Need to Know About Layoffs and Partial Plan Terminations

6/15/2020

While downsizing the workforce can help companies remain afloat, plan sponsors need to understand how these decisions could affect their retirement plans. If layoffs are significant, a partial plan termination may occur and create major financial implications for a plan sponsor.

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PPP Loan Forgiveness Assistance

6/11/2020

If your business has received a Paycheck Protection Program (PPP) loan from the Small Business Administration (SBA), you may be concerned about meeting the loan forgiveness requirements. Our team can assist with reviewing forgiveness applications that present questions or need additional analysis and are here to address your questions regarding overall forgiveness.

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Identifying Third-Party Senders for Financial Institutions

6/10/2020

The need to identify and control risk in ACH origination should be a top priority for all Originating Depository Financial Institutions (ODFIs). Identification of third-party senders is a key part of risk discovery. Below are some keywords that can be used to search your database and/or originator files to help identify possible third-party activity. 

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WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part III

6/10/2020

Our presentation held on Wednesday, June 10th discussed the Paycheck Protection Program Flexibility Act (PPPFA), properly documenting expenses and answering frequently asked questions so you can maximize your PPP loan forgiveness. Access webinar materials here.

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More Flexibility for Paycheck Protection Program Loan Forgiveness and Payroll Tax Deferral (PPPFA)

6/9/2020

The Paycheck Protection Program Flexibility Act of 2020 (H.R. 7010) (PPP Flexibility Act), enacted on June 5, 2020, makes welcome changes to the forgiveness rules for Paycheck Protection Program (PPP) loans made to small businesses in response to the novel coronavirus global pandemic (COVID-19).

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Payroll Tax Credits & Deferrals Available Due to COVID-19

6/8/2020

There are many payroll tax credits and deferrals available for employers through the opportunities provided by the Family First Coronavirus Response Act, the Coronavirus, Aid, Relief, and Economic Security (CARES) Act, and other programs. We have created a list of what qualifies for a payment or credit.

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Family Wealth Planning in A Time of Uncertainty

6/7/2020

The full impact of COVID-19 is unknown. While we wait for questions to be answered many are asking what can we do right now? What’s next for our families? What's next for family businesses and the people who work for them? Planning for our future generations is the greatest gift we can give, particularly during times of uncertainty.

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Nacha's Upcoming ACH Contact Registry Rule Requirement

6/4/2020

Financial institutions constantly seek ways to contact and communicate quickly with other financial institutions about specific ACH payment issues and exceptions. Nacha created the ACH Contact Registry Rule (the Rule) to help facilitate this process. Effective July 1, 2020.

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CARES Act Brings Important Changes to Retirement Plans

6/4/2020

The CARES Act was signed into law on March 27, 2020. The $2.2 trillion emergency package represents a massive fiscal effort to lessen the impact associated with COVID-19 across many sectors of the country. This information provides a brief outline of the provisions within the bill that will have a direct impact on retirement plans, their participants, and their administration. 

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IRS Providing Changes to FSA's Due to COVID-19

6/1/2020

The IRS has issued guidance on the changes to flexible spending accounts to provide workers with more financial flexibility. Where previously the IRS required a Life Event/HIPAA qualifying event to make changes to flexible spending account Annual Elections, they have made the historical decision to allow employers to offer this mid-year opportunity to make changes available to their employees.

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WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part II

5/28/2020

Our presentation held on Thursday, May 28th reviewed the latest guidance on properly documenting expenses for PPP loan forgiveness and the interim Final Rule. Access webinar materials here.

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SBA Loan Review Procedures and Related Borrower and Lender Responsibilities

5/27/2020

On Friday, May 22, 2020, the U.S. Small Business Administration issued guidance for the Paycheck Protection Program Requirements related to SBA Loan Review Procedures and Related Borrower and Lender Responsibilities. We have prepared a summary of this guidance for banks and credit unions.

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WEBINAR MATERIALS: CARES Fund Attestations, Tracking, and Reporting... Are You Ready?

5/21/2020

The first attestation deadline is May 24, 2020 – the date by which recipients must attest to the terms and conditions for the first tranche distributed on April 10, 2020. Are you prepared to attest and comply? This webinar reviews key aspects of the terms and conditions to these grants for Medicare providers. Access webinar materials here.

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IRS Increases Flexibility for Code Section 125 Cafeteria Plans Due to COVID-19

5/15/2020

The IRS has released two notices providing greater flexibility for employers who maintain Internal Revenue Code Section 125 cafeteria plans for their eligible employees: Notice 2020-29 and Notice 2020-33. Read the breakdown of these notices and the next steps one should take.

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WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part I

5/14/2020

In response to the impacts of COVID-19, many businesses have received funding through the Paycheck Protection Program (PPP) under the recently passed CARES Act and we have held a webinar on key considerations for PPP loan forgiveness. Access webinar materials here.

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Reingruber Alert: CARES Funds Attestations

5/12/2020

There are new deadlines for attestation and submission of required data. Learn about the latest for general distributions, lost revenue, and CARES funds for healthcare providers in the Reingruber Alert.

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COVID-19 is Accelerating the Rise of the Digital Economy

5/8/2020

Digital transformation is necessary during this crisis, but that doesn’t mean it will look the same as it did before the pandemic. New problems and opportunities have come to light with greater urgency. For some businesses, the forces of disruption may be so great that the long-term strategic vision will need to be overhauled. 

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WEBINAR MATERIALS: How COVID-19 is Impacting Retirement Planning

5/7/2020

The Coronavirus Aid, Relief, and Economic Stimulus Act, or “CARES Act” brought important changes to retirement plans that every investor should be aware of. Learn about these changes, how they are impacting retirement planning, and what actions you should take to have an investment plan you can stick with to achieve peace of mind. Access webinar materials here.

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Impact Of The Cares Act On Financial Institutions And Specialty Finance Entities

5/6/2020

COVID-19 has created significant uncertainty for financial institutions and specialty finance entities. CFOs and financial leaders can help their organizations on the path back to growth by leveraging all applicable CARES Act provisions in their accounting strategies. Here are highlights of some of the key financial statement areas that are impacted by the CARES Act to date.

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Nonprofits and COVID-19: What is Your Strategy?

5/4/2020

As the COVID-19 crisis continues to have major global impacts, we expect that nonprofits will be among those most impacted as local economic impacts will likely cause a great increase in the need for services and assistance that nonprofits are uniquely positioned to provide. We have put together a checklist of topics and related resources that you may want to consider when creating a response plan that fits your needs.

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New Federal Reserve Guidance For The Main Street Lending Program

5/3/2020

In response to the more than 2,200 letters received, the Federal Reserve decided to expand the MSLP loan options available and modified eligibility requirements to extend the program to a greater number of affected businesses. Learn more about these notable changes and key eligibility criteria.

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CARES Act Impacts on Net Operating Losses: Frequently Asked Questions

5/3/2020

The CARES Act includes changes to the tax treatment of business net operating losses (NOLs) for corporations and other taxpayers. Given the significant role NOLs can play in increasing cash flow and helping to mitigate financial distress, we’ve compiled Frequently Asked Questions around NOLs to help break down the latest changes in the CARES Act and what they mean for your business.

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Exhausted Your Cares Act Paycheck Protection Program Options? Main Street Lending Can Provide Additional Liquidity

5/3/2020

The Main Street Lending Program, whereby the Treasury will carve out $75 billion of the available $454 billion under Title IV to make an equity investment in a special purpose vehicle (SPV), which will enable the flow of credit to small and medium-sized businesses that were in good financial standing prior to COVID-19. 

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WEBINAR MATERIALS: Staying Connected & Empowering Your Team Using Collaboration Tools

4/30/2020

When it comes to working remotely, using virtual tools, and leveraging technology, what can business owners and managers do today that will help ensure they emerge successfully from the COVID-19 pandemic? Access webinar materials here.

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Reingruber ALERT: COVID-19 CMS Updates

4/28/2020

View the recent Reingruber Alert for COVID-19 Updates regarding CMS, Medicare Accelerated Payments, and CARES Act Relief Fund general distributions.

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Questions for Audit Committees in Contemplating COVID-19 Impacts

4/21/2020

As audit committees weigh the practical challenges of accounting, reporting and disclosing the impacts of COVID-19, the following series of questions are designed to assist audit committees in execution of their oversight roles and responsibilities to ensure the performance of high-quality audits and issuance of transparent and reliable financial reporting.

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WEBINAR MATERIALS: Strategies to Propel Your Business Beyond the Pandemic

4/21/2020

As businesses begin to think beyond the current COVID-19 crisis and, in many cases, emerge from several weeks of unprecedented disruption, what can business owners and managers do today to help ensure they emerge successfully? Access webinar materials here.

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Mitigating Pandemic-Driven Supply Chain Risks

4/21/2020

While the novel coronavirus is front and center, it isn’t the only issue plaguing supply chains. Even before the virus became a pandemic, businesses had begun to re-evaluate their supply chains following the U.S. trade tensions of the past year.

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All Employers Can Defer Employment Tax Deposits Until Paycheck Protection Program Loan is Forgiven

4/21/2020

The IRS has issued frequently asked questions (FAQs) on the payroll tax deferral opportunity provided by the Coronavirus, Aid, Relief, and Economic Security (CARES) Act (Public Law 116-136). Under that provision, employers of all sizes (including tax exempt/non-profit employers) can defer the deposit and payment of the employer's share of Social Security taxes.

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How Restaurants Can Navigate PPP Loans As Guidance Evolves

4/21/2020

Over the past few weeks, we’ve had a chance to see the PPP provisions play out in real time within the restaurant industry. While restaurants that are recipients of PPP loans have cash, it remains unclear whether they will be able to spend the cash within the current guidelines of the PPP provisions.

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COVID-19 Impacts Ongoing Concern Assessments

4/21/2020

The current uncertainty continues to evolve and will make it difficult for organizations to evaluate the impact on their ability to obtain, extend, or renew credit agreements, or they may experience a material adverse event, which could trigger debt to come due or other loan covenant violations.

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A Return to Work in the New NormalHow companies should plan to return to work and emerge from COVID-19 stronger and smarter.

4/21/2020

As the response to the COVID-19 pandemic progresses, many companies have established operational crisis management teams and adjusted to global restrictions on work and movement. Executives are now beginning to ask the question: How are we going to return to work?

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Documentation & Accounting for PPP Loan Forgiveness

4/21/2020

As many of our clients have already started receiving their Payroll Protection Program (PPP) loan proceeds, the Saltmarsh COVID Recovery Response Team is recommending guidelines for how these loans should be handled, both from the operations and accounting (recording on the books) standpoints.

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COVID-19 Payroll Tax Relief - Credits & Deferral

4/21/2020

Two COVID-19 aid packages recently became law that deliver federal assistance to employers by providing them credits against their payroll taxes. Taken together, these provisions provide significant relief for employers that continue paying wages to employees.

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Federal Reserve Announces Main Street Business Lending Program as Part of Additional Actions to Provide Economic Aid

4/20/2020

On April 9, the Federal Reserve announced additional actions it will take to provide up to $2.3 trillion in loans to support the U.S. economy. The Federal Reserve believes this funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic.

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Reingruber Alert: CARES Act Provider Relief Fund

4/15/2020

Through the CARES Act, $30 billion is being distributed immediately to eligible Medicare providers throughout the American healthcare system. These are payments, not loans, to healthcare providers, and will not need to be repaid.

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IRS Extends Tax Filing and Payment Deadlines

4/14/2020

April 15th filing and payment deadlines extended until July 15th – On Thursday, April 9th, the U.S. Treasury issued Notice 2020-23 to further amplify relief provided in previous notices, including Notice 2020-18, which postponed the due date of federal income tax returns from April 15, 2020 to July 15, 2020.

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The Cares Act & Flexible Benefits

4/13/2020

The Cares Act extended the list of eligible expenses for Health Saving Account (HSA), Health Reimbursement Arrangement (HRA), and Flexible Spending Account (FSA). Additionally, there have been updates to flexible benefit programs.

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Reingruber Alert: Tactics to Drive Cash Flow Under COVID-19

4/8/2020

During this Public Health Emergency, many providers are experiencing higher costs, staffing challenges, and declining census. How can providers keep their focus on billing and collection during this uncertain time?

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Temporary Suspension of Debits Due to Lack of Response to an ACH Reclamation

4/7/2020

Under the U.S. Department of the Treasury, the Bureau of the Fiscal Service understands that there are some staffing challenges for financial institutions and at the Fiscal Service due to protocols associated with the Coronavirus outbreak. These challenges may result in the delay of the financial institution to respond and Fiscal Service’s ability to process ACH Reclamations in a timely manner.

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Nacha Provides Relief Regarding Potential Rules Violations for Elevated Return Levels

4/6/2020

Nacha issued an ACH Operations Bulletin on April 2, 2020 to provide relief regarding potential Rules violations for elevated return levels. Businesses that originate pre-authorized ACH debits for services that have been interrupted may face an elevated risk of returns.

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Individuals: What You Need to Know About the CARES Act

4/6/2020

On March 6, 2020, the Coronavirus Preparedness and Response Supplemental Appropriations Act, 2020 was enacted, becoming the first of three Congressional relief and stimulus acts passed. This alert briefly summarizes the following relief provisions enacted in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, enacted on March 27, 2020.

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CARES Act Aids Employers Who Continue to Pay Employees

4/6/2020

Section 2301 provides a refundable payroll tax credit for certain wages paid to employees. Section 2302 allows employers to defer the deposit of certain employment taxes for as much as two years. Taken together, these provisions provide significant relief for employers and are designed to encourage employers to continue paying wages to employees during these unprecedented times.

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CARES Act Relaxes Qualified Plan and Employee Benefit Rules to Improve Cash Flow for Employer and Employees

4/6/2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) (H.R. 748) includes several relief provisions for tax-qualified retirement plans, expands health care flexible spending accounts so funds can be used for over-the-counter items, clarifies some health insurance plan questions, and, through year-end, allows employers to reimburse employees for student loan payments tax-free. 

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Telehealth's New Relevancy Amid COVID-19

4/2/2020

As it became clear that the spread of the novel coronavirus evolved into a pandemic, the federal government and commercial payers moved with unprecedented speed to allow for the expansion of virtual health visits.

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Healthcare Impacts of COVID-19 National Emergency Declaration

4/2/2020

President Trump declared a national emergency on March 13 to activate federal assistance and provide financial relief to hospitals and other healthcare organizations based on the Stafford Act. This act allows the federal government to provide COVID-19 funding to state and local governments so they can provide help offset increased expenses while hospitals provide care to COVID-19 patients.

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Coronavirus Aid & Relief: Eligibility for CARES Act, SBA Lending and FFCRA

4/2/2020

Virtually everyone is impacted in some way by the virus and the flood of relief programs and decisions for both individuals and businesses can be overwhelming. As funding may be limited, it is important to act quickly.

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Reingruber Alert: Medicare Update & CMS Stakeholder Call

4/2/2020

The CMS call with Selma Verna on March 31, 2020, covered important topics on relief efforts for Centers for Medicare and Medicaid Services. Read more in this Reingruber Alert.

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COVID-19's Impact on U.S. Retirement Plans

4/2/2020

While decisions about safety and business operations are obviously top priorities now, plan sponsors still must maintain compliance for their retirement plans. We are here to help you navigate these decisions. We address three of the most immediate questions that companies should be considering related to their retirement plans.

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Operating Cost Reduction Strategies to Consider During Crisis Management and Recovery

4/1/2020

In the midst of the COVID-19 crisis, operational challenges are among the top sources of pressure for businesses. Unforeseen costs, disruptions in services and, for most organizations, significant material hits to revenue are top of mind as you navigate new issues related to maintaining facilities and business functions.

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Nacha Update: Providing Relief to Banks & Credit Unions

4/1/2020

Nacha issued ACH Operations Bulletin #5-2020 on March 27, 2020, stating that they will not enforce the signature/similar authentication requirement until further notice. Additionally, Nacha will provide temporary relief from deadlines for delivery of certain records that are required under the Nacha Rules.

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The SALT Implications of the CARES Act

4/1/2020

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), which among numerous other provisions, modifies certain business tax provisions in the Internal Revenue Code (IRC). The CARES Act modifications will present a new round of state and federal conformity challenges for states, taxpayers, and practitioners.

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CARES Act Fixes the "Retail Glitch" to Make Qualified Improvement Property Eligible for Bonus Depreciation

4/1/2020

One of the key provisions of the newly enacted Coronavirus Aid, Relief and Economic Security (CARES) Act that will provide immediate current cash flow benefits and relief to taxpayers, especially those in the retail, restaurant, and hospitality industries, is the long sought-after fix to the “retail glitch.” 

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Reingruber Alert: Medicare COVID-19 Updates & MDS Impacts

3/31/2020

There have been changes to SNF Quality Reporting (QRP) and Value Based Purchasing (VBP) Programs - read more on what it means for your facility.

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Reingruber Alert: Medicare/Medicaid Updates & CMS Expanded Accelerated/Advance Payment Program

3/30/2020

As we follow the evolution of COVID-19, we'd like to share an important update for healthcare providers regarding Medicare and the CMS Expanded Accelerated/Advance Payment Program.

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CARES Act Signed by President Trump

3/29/2020

The Act is intended to have significant impact on the economy by providing loan forgiveness, supporting small businesses, enhancing unemployment insurance, and providing federal loans to industries severely impacted by the pandemic.

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Paycheck Protection Program Offers Forgivable Emergency Loans Under CARES Act

3/28/2020

The Paycheck Protection Program provides 100% federally guaranteed loans to small businesses who maintain their payroll during this emergency. Importantly, these loans may be forgiven up to 2.5x the borrower's average monthly payroll costs.

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COVID-19 Resources for Construction & Real Estate Development

3/27/2020

We are closely following the evolution of COVID-19 (Coronavirus) and have created a central location for sharing information to assist the construction and real estate development industry.

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Community Reinvestment Act: Modernization Proposal Comment Extension

3/27/2020

While you are quarantined at home getting your social distancing on, if you’re a CRA professional for your financial institution, you need to set aside some time to read and review the CRA modernization proposal issued by the OCC and FDIC from December 12th, 2019. The 30-day extension for comments ends April 8th. 

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COVID-19 Resources for Financial Institutions

3/27/2020

We are closely following the evolution of COVID-19 (Coronavirus) and have created a central location for sharing information to assist financial institutions.

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Federal Student Loan Relief Available to Borrowers Amid COVID-19

3/27/2020

The Department of Education announced a student loan relief package for borrowers impacted by the Coronavirus. This relief only applies to outstanding federal student loans that are owned by the Department of Education.

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SBA Disaster Assistance in Response to the Coronavirus: Low-Interest Loans

3/24/2020

In response to the COVID-19 pandemic affecting the small business community across the country, the U.S. Small Business Administration (SBA) is offering low-interest federal disaster loans for working capital to small businesses suffering substantial economic injury.

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CFO Perspective: Observations on Loan Payment Deferrals and the March 31, 2020 ALLL Calculation

3/24/2020

As you should have already seen by now, we have received very useful guidance from regulators and from FASB in the past few days regarding how to treat loan payment deferrals related to COVID-19 economic conditions.  

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Payment Deferrals & Compliance Issues: Assisting Borrowers During the Pandemic Crisis

3/24/2020

What should Compliance be thinking about as management discusses payment deferrals on loans during the COVID-19 pandemic? 

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COVID-19 Resources for the Healthcare Community

3/23/2020

We are closely following the evolution of COVID-19 (Coronavirus) and have created a central location for sharing information to assist healthcare providers.

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New IRS Guidance Regarding Tax Due Date Change

3/21/2020

The U.S. Treasury Department issued Notice 2020-18 late yesterday postponing the due date of federal income tax returns from April 15, 2020 to July 15, 2020. 

This includes 1st quarter estimated tax payments due April 15, 2020.

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Federal Aid Package Helps Individuals Affected by COVID-19

3/20/2020

The Families First Coronavirus Response Act (H.R. 6201),  became law on March 18, 2020. The Act guarantees free testing for the novel coronavirus (COVID-19), establishes emergency paid sick leave, expands family and medical leave, enhances unemployment insurance, expands food security initiatives, and increases federal Medicaid funding.

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Employers Can Immediately Provide Tax-Free Qualified Disaster Payments To Employees In Connection With COVID-19

3/19/2020

Employers are scrambling to find ways to help their employees who are impacted by the novel coronavirus (COVID-19). Help is available. Now that the COVID-19 has been declared a national emergency, Internal Revenue Code Section 139 can be used to allow employers to make tax-free payments or reimbursements to employees as “qualified disaster payments.”

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Be Prepared for the New Use of Return Reason Code R11

3/16/2020

A recently approved amendment to the Nacha Operating Rules will allow financial institutions (FIs) the ability to differentiate between unauthorized return reasons for consumer debits. Read more about this new rule set to take effect on April 1, 2020.

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Important COVID-19 (Coronavirus) Update

3/12/2020

As we learn more about the evolution and impact of COVID-19 (Coronavirus), we want to assure our valued clients and friends that we are monitoring the situation closely. At this time, our main concern is for the health and safety of our clients, our employees and their families.

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Common HMDA Errors to Check Before Filing

2/26/2020

By now HMDA-reporting institutions are in one of two camps - the HMDA-LAR is already scrubbed and ready for submission or the HMDA-LAR is being scrubbed and with any luck, it will contain no errors and it will be ready just in time for the March 1st deadline. Here are a few common errors found during the scrubbing process...

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Previously Suspended HELOC Line Amounts: Don't Forget TILA

2/19/2020

Many of us have seen rising property values in recent years, which is generally a good thing. However, this brings up a regulatory issue for creditors that suspended or reduced the limit on home equity lines of credit due to a significant decline in value resulting from the mortgage financial crisis that began in 2008...

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Saltmarsh Hosts Investments & Taxes Panel Series Throughout Florida

2/13/2020

We started the year off on the road with a series of tax and investment-focused educational events across the state of Florida. The events featured an impressive panel of financial planning, tax, estate and investment professionals from Saltmarsh Financial Advisors, Saltmarsh, Cleaveland & Gund, and Dimensional Fund Advisors to shed light on how a ‘one team’ approach to planning for the future provides peace of mind and benefits your bottom line. 

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New Year, New Traditional IRA Rules

2/6/2020

The Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) has been a hot topic these past few months. The Act, which was signed on December 20, 2019, included many new traditional IRA rules and repeals that you should be aware of. 

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SECURE Act PassesWhat Does it Mean for Retirement Plans & IRAs?

1/30/2020

The Department of Labor issued a final rule on association retirement plans and a proposed rule to establish an additional safe harbor for electronic delivery of notices and disclosures. The Setting Every Community Up for Retirement Enhancement Act of 2019, or SECURE, was added as Division O to the Further Consolidated Appropriations Act, 2020 (FCAA) and here is everything you need to know.

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