On October 8, the U.S. Small Business Administration (SBA) and the Treasury announced the release of a simplified forgiveness process for Paycheck Protection Program (PPP) participants that received loans of $50,000 or less. The agencies published a new interim final rule offering guidance for recipients of PPP loans equal to or less than $50,000 (“eligible…
The Indianapolis-based CPA and advisory firm BGBC Partners, LLP is pleased to announce the addition of Marissa Chabes and Mark Umstead to their professional team. Marissa Chabes joins the team as a Staff Accountant. She is recent graduate of IUPUI, where she studied accounting and completed multiple internships in tax and international tax. Originally from…
The technology industry is proving out its resilience. As every industry responds to change and disruption, tech companies are being relied upon more than ever to accommodate remote work, food and supply access, health services, communication, connectivity and entertainment. Innovation remains imperative. While it’s difficult to predict the near-term market and economic landscape, it’s clear…
By: Thomas Alvarez President Trump’s Executive Memorandum signed August 8, 2020 deferring the employee portion of social security taxes, for those employees earning wages less than $4,000 during a biweekly pay period (less than approximately $104,000 annually), went into effect September 1, 2020 and sunsets December 31, 2020. Specifically, the Memorandum directs the Department of…
Eric Ferrettie explains several key considerations and updates to the Paycheck Protection Program.
Indianapolis-based BGBC Partners is pleased to announce the promotion of four team members. Abbie Moyer, Trevor Selburg, and Tyler Barton have been promoted to senior accountant. They are celebrating two years with the firm. Jacob Faust has been promoted to supervisor. Jacob works in audit and has been with the firm for six years.
The Indianapolis-based CPA and advisory firm BGBC Partners, LLP is pleased to announce the addition of Kristy Bechert to their professional team. Kristy Bechert joins as a Human Resources Specialist, where she will work with staff on employee development, training, feedback, and recruiting. Kristy brings 12 years of experience to the firm after serving as…
Often viewed as a “public company problem,” private organizations may want to consider implementation of internal controls similar to Sarbanes-Oxley (SOX) Section 404 requirements. The inherent benefits of a strong control environment may be of significant value to a private company by providing: enhanced accountability throughout the organization, reduced risk of fraud, improved processes and…
Tom Alvarez explains four executive actions that were issued by President Trump over the weekend.
The private equity industry has found itself in a unique position resulting from the aftermath of COVID-19. With limited access to federal assistance relief and unclear eligibility guidelines, PE firms and their portfolio companies have had to get creative in harnessing strategies to minimize disruptions and maintain business continuity. Now that the United States has…