Asset-based lending structures (ABL) can be an excellent source of capital for many companies, especially for non-investment grade businesses and companies in transition who may not otherwise qualify for a cash flow loan. Cash flow loans use EBITDA and some level of multiplier to determine a company’s level of available credit. During negative economic cycles, […]

On September 13, 2021, the U.S. House and Ways Committee released the initial draft of the tax reform provisions that are intended to help fund programs under President Joe Biden’s Build Back Better plan. While changes to the proposed tax reform are expected during the budget reconciliation process, the following blog post explores key provisions […]

Disclaimer: This information was correct at the time of publication; however, new guidance from government agencies may be issued at any time, causing some or all of this information to change. Please visit our COVID-19 Business Strategy Hub for the latest news and ensure you are subscribed here to receive email alerts as they are released. We are working […]

Homeowners and businesses across the country have experienced weather-related disasters in recent months. From hurricanes, tornadoes and other severe storms to the wildfires again raging in the West, natural disasters have led to significant losses for a wide swath of taxpayers. If you’re among them, you may qualify for a federal income tax deduction, as […]

The COVID-19 pandemic has significantly impacted restaurants due to mandatory restaurant closures, capacity limitations, social distancing guidelines and other restrictions mandated by federal, state and local governments. While the uncertainty of the virus’ ongoing impact remains, and as restaurants begin navigating the “new normal,” another hurdle is approaching. The latest challenge is related to lease […]

The Health Resources and Services Administration (HRSA) recently announced reporting requirements for the Coronavirus Aid, Relief, and Economic Security (CARES) Act Provider Relief Fund (PRF). These requirements provide post-payment guidance more than a year after payments were initially distributed. The PRF, which allocated $178 billion in payments to qualified healthcare providers for Coronavirus-related healthcare expenses […]

On Tuesday, August 10, 2021, the Internal Revenue Service (IRS) released guidance through Rev. Proc. 2021-33 stating that businesses applying for an employee retention tax credit (ERTC) will now have a safe harbor option, which will allow them to exclude certain items from their gross receipts when determining eligibility for the program. The IRS noted […]

Over the past year, the COVID-19 pandemic has transformed the business landscape in America, and manufacturing companies faced many new and unique challenges. While the industry helped keep America running by producing much-needed supplies and goods, manufacturing company owners faced an onslaught of challenges with maintaining basic business operations. As the industry returns to a […]

Businesses that have received loans under the Paycheck Protection Program (PPP) should be aware of the possibility that they’ll be audited by the U.S. Small Business Administration’s (SBA) Office of Inspector General, with support from the IRS and other federal agencies. The SBA will automatically audit every loan that’s more than $2 million after the […]

The U.S. Small Business Administration (SBA) announced on July 9, 2021, that it would no longer require the Paycheck Protection Program (PPP) Loan Necessity Questionnaire, or SBA Forms 3509 (for-profit) and 3510 (non-profit), for PPP loans in excess of $2 million. Previously, applicants seeking PPP loan forgiveness for loans of $2 million or more had […]