July 9, 2020
We might not see an opportunity with depressed valuations and a relatively large exemption amount, like we are seeing right now, for quite some time, so now may be the best time to start thinking about efficient wealth transfer.
July 8, 2020
In the real estate and construction industries, many organizations are affected by the mass business closures of their tenants, who are themselves struggling to meet their financial obligations, and by stop work orders, which halt the progress of construction projects. In this article we answer some of the most frequently asked questions to help real estate and construction companies in their immediate response and planning.
July 6, 2020
The Main Street Lending Program has added executive compensation restrictions. During the term of the MSLP loan and for one year after, employees or officers who earned more than $425,000 in total compensation in 2019 are subject to certain compensation restrictions. Read the article below for all of the details relating to these new guidelines.
June 25, 2020
Ultimately, valuation is based on future cash flow, and the pandemic has thrown a wrench into everyone’s idea of what future cash flows might be for businesses across most industries. It is easy to say that since many businesses saw a drop in revenues and an increase in expenses due to the virus, valuation is depressed, and in some cases to a significant extent. But, valuation is by its nature, a long-term practice.
June 24, 2020
Key points from the latest Interim Final Ruling (IFR), released by the Small Business Association on June 22, 2020, related to loan forgiveness.
June 17, 2020
The Small Business Administration in conjunction with the Department Of Treasury have issued new forgiveness application forms and instructions for filing for forgiveness in conjunction with the Paycheck Protection Program (PPP) Flexibility Act.
June 15, 2020
Although the COVID-19 pandemic has many of us forgetting the date or even the day of the week, the date has arguably never been more important when considering valuation. Many people can’t remember a time when so much happened in such a short time frame, and what has happened over the past few months could greatly impact a company’s valuation.
June 11, 2020
In a joint statement from Treasury Secretary Steve Mnuchin, and Small Business Administration Administrator Joe Carranza regarding the Paycheck Protection Program Flexibility Act, they state that the 60% payroll cost requirement is not a cliff, and companies who do not spend a full 60% on forgiveness are still eligible for partial forgiveness.
June 8, 2020
Throughout the CARES Act the one thing we can all be certain of is change. As many businesses are nearing the end of their eight week covered period, we know that even more change can be somewhat unnerving. On a positive note, many of the changes being considered in the Paycheck Protection Program (PPP) Flexibility Act could provide further relief.
- May 26, 2020