Share On May 15, 2020, the SBA released the PPP Loan Forgiveness Application. While the application clarified an amount of questions surrounding the mechanics of the calculation, it created others. In what is seemingly becoming a habit for Friday evenings, the SBA started Memorial Day Weekend with a bang, issuing their 14th Interim Final Rule…
Share ALWAYS BE PREPARED. This checklist is designed to help you navigate the new normal as a result of COVID-19 and changes to how we approach our businesses, people and technology. Download Checklist Liquidity is going to be the biggest challenge for the next few weeks and months and being prepared is critical. Following are…
Share Withum is proud to announce the appointment of Marcus Dyer to the group of leaders designated to reopening New Jersey’s economy, the Restart and Recovery Advisory Council. The Council is comprised of leaders from nine different industries, institutions, community and faith-based groups throughout the state. These leaders will work with the New Jersey Governor’s…
Share On May 15, 2020, the SBA released a PPP Loan Forgiveness Application form. There are four parts to the document: (i) the PPP Loan Forgiveness Calculation Form, (ii) PPP Schedule A, (iii) the PPP Schedule A Worksheet, and (iv) the optional PPP Borrower Demographic Information Form. Only parts (i) and (ii) are required to…
Share On May 14, 2020, the SBA issued its tenth Interim Final Rule (IFR 10) relating to the PPP. Among other things, IFR 10 allows partnerships that obtained PPP loans to go back to their lenders to request an increase in the size of their PPP loans.This would be necessary if a partnership did not…
Share May 18, 2020 is the deadline for the SBA’s safe harbor period in FAQ #43 and the question on many borrowers’ minds is whether they should return the funds. There are a lot of considerations that bear on whether borrowers met the required standard – that the current economic uncertainty made the loan request…
A company that supplies goods or services to a debtor in the months before the debtor files for bankruptcy can have a preference action brought against them. Under 11 U.S.C. Section 547 of the Bankruptcy Code trustees and debtors in possession have the right to recover a payment made to a third party in the…
Share Revenue Cycle leaders are accustomed to frequent industry changes whether they are regulatory, operational or technology related, and are constantly tweaking workflows to adapt to these changes and increase efficiencies. The COVID-19 crisis has presented us with opportunities to re-tweak existing processes and evaluate regulatory changes that will impact our financial operations and results….
Share Learn how a multi-award-winning live entertainment production company was able to improve cash flow and optimize business structure. Download a PDF of this case study. Executive Summary An entertainment production company located in New York City was looking to expand the business and grow their profits through outside investments. Without proper financial models and…
Share Updated May 6, 2020 It’s been almost a month since we wrote the first installment of our “Enigma” article, and we are happy to provide this latest installment. We are surprised (and grateful) for the extremely warm reception our article has received, and we thank our readers for sharing their thoughts and insights with…