Current and the Ever-Changing Rules of the PPP and Cares Act - Where are we today

Current and the Ever-Changing Rules of the PPP and Cares Act - Where are we today

Summary:

Congress enacted the CARES ACT some 45 days ago. Through the Cares Act the Paycheck Protection Program (PPP) was created. To expedite the disbursement of the funds, the small business loan program was initially rolled out with only minimal official guidance. The Administration has been slowly releasing FAQ’s and guidance that is in some cases fundamentally changing the rules. In addition to the PPP, there were many Tax changes in the CARES Act which benefit the Staffing Industry, which has had little to no exposure.

Join TRICOM for our Industry Insider webinar as legal and accounting experts from Becker LLC and UHY LLP share their insights on the rules as we know them today, as well as how to effectively navigate the ongoing uncertainty surrounding the PPP loan program, focusing on Certification issues and the Loan Forgiveness calculation. They will also review the Tax Updates and Changes which may allow Staffing Firms the opportunity for tax credits and cash flow improvement opportunities..

About the presenters:

About Martin L. Borosko:
Martin L. Borosko has been the Managing Member of the firm since 2006. Under his leadership, the firm has grown into one of the premier boutique firms with offices in New York, New Jersey, California and Philadelphia.

Martin leads the Staffing team within the firm dedicated to studying the best legal practices within the staffing and healthcare industries. His philosophy is to direct clients toward legal strategies that facilitate growth and increase enterprise value in the long term. He often works as part of a team with leading investment bankers, accountants and risk managers to implement comprehensive growth strategies for clients. Martin is a frequent contributor to legal and business publications and lectures across the country on emerging issues impacting the Staffing Industry.
About Gerald J. Grady, JR.:
Jerry has acquired a wealth of knowledge throughout his nearly 35 years in public accounting. He is a leading member of the firm’s National Management and Technology Consulting Services Group as well as a member of the National International Financial Reporting Standards Committee. Jerry is also the chairperson for the firm’s National Staffing Practice.

PROFESSIONAL EXPERIENCE:
  • Leader in assisting with all required IT control and risk assessments
  • Manages a team of professionals for IFRS engagements
  • Performs partner reviews on audited, reviewed or compiled financial statements for private companies
  • Provides financial and business consulting services to optimize opportunities for growth and profitability
  • Implemented the ProfitCents Tool, which is used to analyze a company’s financial ratios against its peers to assist in determining a company’s strengths and weaknesses
  • Implemented Technology tools utilized by the Attest teams to improve efficiency and quality of all attest services
  • Manages a team of professionals devoted to providing financial, tax and business consulting services
  • Helps companies identify tax savings, improve operating efficiencies and increase profits
  • Assists clients with corporate growth and business management strategies


BACKGROUND:

  • Licensed CPA in the states of Michigan, Florida and New Jersey
  • Certified Information Technology Professional (CITP)
  • Joined the firm in 1985
  • B.S. in Accounting Information Systems, Eastern Michigan University
About Ali Baydoun:
Ali Baydoun is a lead member of the Enterprise Business Services team and has experience providing advisory, tax, and attest services for middle‐market clients. Ali specializes in manufacturing, software and printing
industries.

PROFESSIONAL EXPERIENCE:
  • Provides audit, review, compilation, tax and advisory services for clients in the middle market
  • Performs financial reporting, industry specific tax services, financial forecasting and other related services


BACKGROUND:

  • Licensed CPA in the state of Michigan
  • B.S. in Accounting, University of Michigan‐Dearborn
About Loni Winkler:
Loni is a leading Member of the Tax Department and has over 15 years of experience in public accounting.

PROFESSIONAL EXPERIENCE:
  • Provides professional attest, tax and business consulting services to privately held businesses
  • Extensive experience in corporate and flow‐through entity federal and multi‐ state taxations
  • Manages a group of tax professionals in areas of individual, corporate, and state and local taxation
  • Monitors client tax reporting requirements, tax law changes, application and liabilities
  • Assists business owners, CFOs and controllers in developing and implementing innovative business strategies to minimize risk, maximize profits, preserve wealth and reduce taxes


BACKGROUND:

  • Licensed CPA in the state of Michigan
  • M.S. in Accounting Information Systems, Eastern Michigan University
  • B.S. in Accounting information Systems, Eastern Michigan University

About Becker LLC:

Becker LLC is a premiere mid-market firm recognized as a leader in the staffing industry.  With offices in New York, New Jersey, Philadelphia and California, the firm provides forward thinking, mission-critical advice to staffing industry entrepreneurs and management on high stakes, complex legal matters as well as day-to-day matters and long-term plans.  The firm are proud to be members of the following Staffing Associations:  SIA, ASA, ASG, TempNet, CSP, MSA, NJSA, NYSA and serves as general counsel to the Mid Atlantic Staffing Association. 

About UHY LLP:

A licensed CPA firm, UHY LLP offers audit, other attest services, tax, and business consulting services, to a variety of business from the dynamic middle-market.  Our staffing industry professionals has been providing professional accounting, tax and business advisory services around the country for over 25 years. We recognize that staffing organizations require their advisors to add value by understanding their business and the ever-changing regulations that surround their industry. With our national reputation and years of experience, we have the capabilities to serve staffing companies with distinction through the support of our National Staffing Practice. Our staffing team, led out of Michigan, identifies and addresses new industry trends, accounting requirements and regulations to ensure our clients’ future success. Our deep industry knowledge allows us to anticipate and respond to the needs of your business by providing solutions that give you a competitive advantage. Members of our firm’s National Staffing Practice are actively involved in various temporary employment services organizations around the country including ASA, SIA, OSSA, NYSA, NCASP, CSA, and MKSSA.

About TRICOM:

As an administrative and financial solutions provider to the staffing and consulting industry, it is our philosophy to be an active member in the staffing industry by staying abreast of the ever-changing market place. For that reason, TRICOM was pleased to launch the Industry Insider webinar series designed to share our expert knowledge and resources with our fellow staffing industry colleagues. One of our core values is to build relationships and become a leading resource to staffing and consulting firms nationwide.


 

Close