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Presentation of Covid-19 Related Federal Programs on the Schedule of Expenditures of Federal Awards

4/22/2021

New aid provided by federal agencies in response to the COVID-19 pandemic can impact the presentation of your organization’s Schedule of Expenditures of Federal Awards (SEFA), Notes to the SEFA, and Federal Audit Clearinghouse Data Collection Form (DCF). As you prepare for your audit, it is important to understand the funding you received and identify the COVID-19 related funds separately on the SEFA provided to the auditors to support an effective audit. Read more!

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Provider Relief Funds - Reporting and Audit Requirements

4/20/2021

When Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act, it established the Provider Relief Fund (PRF) to support American families, workers and healthcare providers in the battle against COVID-19. Read more!

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The M&A Metrics Software Companies Need to Know

4/16/2021

Software companies may be surprised by the metrics used to gauge their value and growth potential during M&A. Knowing what investors look at is core to the deal negotiation process. Read more!

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GovCon Updates of the Week Part 3

4/15/2021

Want the latest updates on the U.S. State Department's IT modernization, President Biden's nomination of Michael Brown for the Under Secretary of Defense for Acquisition and Sustainment (A&S) and the American Jobs Plan? Read more! 

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Why Manufacturers are Looking Forward to Growth

4/13/2021

As more Americans get vaccinations and an economic recovery is within sight, manufacturers can bring lessons learned during the pandemic to accelerate growth. However, a recent BDO poll found that manufacturers are split; some are in growth mode and are focusing on product or service innovation and tech investments, while others are looking to weather the rest of the economic downturn and restructure.

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Five Ransomware Themes Keeping Directors Up at Night

4/7/2021

Spoiler alert: If it isn’t already, cybersecurity should likely be on your board agenda at every meeting. Here are the top five takeaways from recent discussions with directors and subject matter experts at regional board roundtables. 

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Biden Administration Unveils Tax Blueprint as part of American Jobs Plan

4/5/2021

The Biden administration on March 31, 2021, unveiled a jobs and infrastructure plan, the American Jobs Plan, to address the nation’s pressing infrastructure needs. The plan calls for about $2 trillion in spending over eight years. Read more. 

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Deadline Extended for PPP Loan Applications

4/1/2021

The U.S. Senate passed legislation (PPP Extension Act of 2021) on March 25, 2021 that provides a 60-day extension for eligible employers to apply for a Paycheck Protection Program (PPP) loan. The House of Representatives approved the legislation on March 16, 2021.

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IRS Extends Certain Tax Filing and Payment Deadlines to May 17

4/1/2021

The Internal Revenue Service confirmed in an announcement on March 29, 2021, that individuals have until May 17, 2021 to meet certain deadlines that would normally fall on April 15. 

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Cares Act Employee Retention Credits for Retail Employers

3/31/2021

The government has supported retail and the continuation of their services with the passage of the CARES Act in March 2020, which includes PPP and the Employee Retention Credit (ERC). Under the CARES Act, companies could take advantage of either the PPP or the ERC, but not both.

 

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GovCon Updates of the Week

3/29/2021

Want the latest on Federal Acquisition Regulation, Health and Human Services Regulatory Changes and Technology Modernization Fund? Read more. 

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Reporting and Audit Requirements for Provider Relief Fund Recipients

3/29/2021

Through the CARES Act and supplemental funding from the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act, the U.S. Department of Health and Human Services (HHS) is in the process of distributing $178 billion to hospitals and healthcare providers on the front lines of coronavirus response and relief efforts. Qualified providers of healthcare, services and support may receive PRF payments for healthcare-related expenses or lost revenue due to COVID-19.

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WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness, Part 10

3/24/2021

Our speakers break down PPP updates and the latest guidance from the SBA. They will also review the American Rescue Plan Act and Employee Retention Credit updates. Access webinar materials here.

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Consolidated Appropriations Act: What Plan Sponsors Need to Know About Retirement Plan Relief

3/23/2021

The Consolidated Appropriations Act, 2021 (CAA), which was enacted on December 27, 2020, is mostly known for the $900 billion it provided in additional stimulus funding for pandemic relief. Additionally, the law contains several useful provisions for retirement plans, including non-COVID disaster emergency relief, multiemployer and defined benefit plan changes, and updates to partial plan terminations. Read more. 

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What Individuals Need to Know About the American Rescue Plan Act

3/22/2021

The American Rescue Plan Act of 2021 (ARPA), signed into law by President Biden on March 11, 2021, provides additional major relief to individuals and businesses that continue to be impacted by the COVID-19 pandemic. The ARPA provisions related to individual taxpayers. Read more.

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Cares Act Provider Relief Fund: FAQsAccounting, Audit and other Compliance Reporting Considerations

3/18/2021

On January 15th, 2021 the U.S. Department of Health & Human Services (HHS) released updated guidance on the Provider Relief Fund reporting requirements. This amended guidance is in response to the Coronavirus Response and Relief Supplemental Appropriations Act (Act). The Act was passed in December 2020 and added an additional $3 billion to the PRF along with new language regarding reporting requirements.

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New IRS Guidance Regarding Tax Due Date Change 2021

3/18/2021

On Wednesday, March 17th, the U.S. Treasury Department and Internal Revenue Service extended the due date of individual Federal income tax returns and the deadline to make contributions to IRAs and HSAs from April 15, 2021 to May 17th, 2021.

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Practical Matters: FAQs For Plan Sponsors and Employees On CARES Act Relief

3/11/2021

The Coronavirus Aid, Relief and Economic Security (CARES) Act was a rapid response by the federal government to help businesses and employees cope with the economic issues caused by the pandemic. Many aspects of the wide-range law make significant changes affecting employer-sponsored retirement plans and their participants.

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To Compete in Fintech, Banks Must Build on Pandemic-Driven Digital Transformation

3/9/2021

Lockdowns during the pandemic precluded face-to-face transactions at bank branches, forcing even “late adopter” banking customers to embrace digital banking and compelling financial institutions to roll out digital alternatives for those transactions—sometimes overnight. When the pandemic eventually subsides, banks may be tempted to rein in those digital transformation initiatives.

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How Does the Stock Market Perform When Interest Rates Rise?

3/5/2021

CLIENT QUESTION OF THE WEEK: How does the stock market perform when interest rates rise? Many believe the recent rise in interest rates is a reflection of investors' expectations for a strong economic recovery, certainly the desired outcome from the COVID-19 pandemic...

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White Paper: Manufacturing Outlook, 2021 & Beyond1st Quarter 2021 insights from the Saltmarsh Manufacturing Team

2/23/2021

This White Paper discusses what 2020 taught us, overcoming challenges for Florida manufacturers and eliminating supply chain disruptions. No one saw this coming. One year after the first cases of coronavirus were reported in the U.S., we’re suffering through a pandemic that has not lost its grip on the country. While the availability of a vaccine gives reason for hope, manufacturers throughout the Sunshine State are suffering...

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WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness PART 9

2/17/2021

Our webinar breaks down the PPP provisions, discusses the latest guidance from the SBA and eligibility for second draw loans. Access webinar materials here.

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WEBINAR MATERIALS: Current Update on CARES Act Provider Relief Fund Reporting

1/21/2021

This webinar focuses on the latest information relating to Medicare and Medicaid cost reporting implications, mandatory reporting requirements for recipients of $10,000, and more. Access webinar materials here.

 

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Reingruber Alert: Some Good News for CARES Act PRF Recipients

1/19/2021

There's some good news for Provider Relief Fund recipients in the healthcare industry! Read the latest Reingruber Alert to learn more.

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WEBINAR MATERIALS: Strategies for Maximizing PPP Loan Forgiveness PART 8

1/12/2021

On December 21st, Congress passed the long-awaited $900 billion COVID-related Tax Relief Act (COVIDTRA) as part of the Consolidated Appropriations Act, 2021. In this webinar, we break down the PPP provisions, discuss the latest guidance from the SBA, and more. Access materials here.

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