Manufacturing/Distribution Articles
Have You Considered the Employee Retention Credit?
Posted by Cory Van Deusen V on May 27, 2020
If you did not receive a Paycheck Protection Program loan, you may want to consider the CARES Act Employee Retention Credit.
2020 Global Study on Occupational Fraud and Abuse
Posted by Christopher Lukowski on May 19, 2020
Could your organization be the next victim of fraud in an increasingly tense global marketplace? No one wants to believe that their trusted employees would steal assets or manipulate financial information for criminal purposes. But fraud is more common — and costly — than you might think, especially for smaller organizations.
SBA Reviews PPP Required Good-Faith Certification
Posted by Megan Morris on May 14, 2020
How will SBA review borrowers’ required good-faith certification concerning the necessity of their loan request?
Teleworking Employees, COVID-19, and the Resulting SALT Effects
Posted by Mark Stack on May 14, 2020
Why should it matter for a business whether its employees work from home temporarily or if they work remotely in a state other than where the employer’s base of operations is located? In the discussion that follows, we explore three important state and local tax (SALT) effects that could result from teleworking employees.
Workforce Options During the COVID-19 Pandemic
Posted by Stephanie Wilkinson on May 14, 2020
It's not easy to think long-term about your business when we're all dealing with the daily challenges presented by COVID-19, but there will likely be better times ahead when this storm has passed. The steps you take now regarding your workforce could determine how well and how quickly your company is able to bounce back when the time comes.
USMCA: New Trade Agreement Will Modernize NAFTA
Posted by Amanda Mooney on May 11, 2020
The United States-Mexico-Canada Agreement (USMCA) updates the rules for trading manufactured goods in North American, strengthens protections for intellectual property and includes efforts to support small businesses.
Main Street Loan Facility
Posted by Cory Van Deusen V on May 11, 2020
Read the Federal Reserve press release issued on April 30, 2020 to announce The Main Street New Loan Facility (“Facility”), which has been authorized under section 13(3) of the Federal Reserve Act, is intended to facilitate lending to small and medium-sized Businesses by Eligible Lenders. Learn more about the New, Priority, and Expanded Loans.
New Federal Reserve Guidance for the Main Street Lending Program
Posted by Cory Van Deusen V on May 07, 2020
The Federal Reserve has issued further guidance and eligibility requirements surrounding its Main Street Lending Program (MSLP) announced on April 9. The MSLP aims to increase the flow of credit to small and medium-sized businesses that were in good financial standing prior to the COVID-19 crisis.
Service Disallows Tax Deductions for Eligible PPP Expenditures
Posted by Megan Morris on May 07, 2020
On April 30, the IRS issued Notice 2020-32 providing guidance regarding the deductibility for federal income tax purposes of certain otherwise deductible expenses incurred in a taxpayer’s trade or business when the taxpayer receives a loan (covered loan) pursuant to the Paycheck Protection Program (PPP).
7 Practical Tips for Improving Worker Management
Posted by Douglas Muth on May 07, 2020
In recent years, finding qualified workers has been challenging for many manufacturers. So when you find the right people, you'll want to maximize their skills and retain them.