Thought Leadership
When it comes to thought leadership and staying informed, we’ve got you covered. See below for recent articles, webinars, and downloadable resources available.
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December 22, 2020
By: Madison Contri, CPA, Alan Zgoda, CPA, and Derek Gray, CPA On Sunday, after weeks of gridlock, Congressional leaders announced a compromise has been reached on the framework for the second relief bill. This second round of government stimulus aims to provide more direct payments to individuals, additional aid for small businesses, and the expansion […]
December 21, 2020
A deal on the rescue package to deliver aid to struggling Americans has suddenly come within reach after a major breakthrough on Saturday, December 19, that was ultimately agreed to by both the House and the Senate late on Sunday night. Lawmakers are expected to vote late on Monday and send the bill to […]
December 11, 2020
It’s webinar season at Blue & Co., LLC.! Check out all of our upcoming events for the week of December, 14. Monday, December 14 Panel Discussion Regarding Paycheck Protection Program (PPP) Webinar – Free to attend On Monday, December 14 from noon – 1 p.m. EST, Blue & Co., LLC will be hosting a panel […]
December 04, 2020
In our continued effort to bring the most current information regarding the Paycheck Protection Program (PPP) Loan Forgiveness information, below includes additional insight regarding the Loan Necessity Questionnaire to be issued by the SBA to borrowers. We have experienced the SBA making a request to the Lender to receive additional information from borrowers with loans […]
November 19, 2020
As we approach the end of 2020, many taxpayers and tax practitioners have been pondering whether or not expenses that were incurred in 2020 and paid with Payroll Protection Program (PPP) proceeds would be deductible in the current year if the PPP loan wasn’t forgiven until next year. On November 18, the IRS released much-awaited […]
SBA to Review Paycheck Protection Program Loans Over $2 Million Through Loan Necessity Questionnaire
October 29, 2020
Updated on Friday, October 30, 2020. The Small Business Administration (SBA) will be requesting borrowers complete loan necessity questionnaires for those with PPP loans totaling $2 million or more. This questionnaire is part of a review process to assess the SBA’s evaluation of borrowers’ good-faith certification of their economic need. In the memo the SBA […]
October 05, 2020
At Blue & Co. LLC, we continue to monitor and disseminate impactful information to our clients in connection with their PPP loans advanced through the SBA in connection with the CARES Act. Some clients that have received PPP funds have raised concerns about entering into transactions (on either the sell or buy side) with parties […]
September 27, 2020
Join us Thursday, October 1st from Noon to 1 PM Eastern. Join Michael Alessandrini, Rebecca Meredith, and Nicole Cameron on October 1st from Noon to 1 PM Eastern as they discuss the 2021 IPPS Final Ruling with Kentucky HFMA. They will review the Final 2021 Inpatient Prospective Payment System rule and look at changes in […]
September 21, 2020
Join Medical Marketing Whiz and Walt Eckert of Blue & Co., as they discuss How Outsourcing Can Grow Your Practice. You’re going to learn: Learn when it is the right time to outsource specific services for your business Understand the benefits of hiring an experienced expert at a fraction of the cost of a full-time […]
September 11, 2020
The most significant tax-related executive action is the “Memorandum on Deferring Payroll Tax Obligations in Light of the Ongoing COVID-19 Disaster.” Taxpayer be wary, this order does not revoke your obligation to pay payroll taxes; it merely postpones the taxes to be due at a later date. The tax deferral period is from September 1, […]
August 31, 2020
Join Medical Marketing Whiz and Tom Skoog of Blue & Co., as they discuss Cybersecurity: 5 Action Steps to Protect Your Practice. A lack of focus on cybersecurity can be greatly damaging to a practice. The direct economic impact such as attacks, theft of private information, disruption to business, and repairing affected systems can be […]
August 27, 2020
Guidance on Related Party Rent In this Interim Final Rule, the SBA addressed three issues many companies face. The most significant is related party rent. C corporations and S corporations. The SBA has made it clear that owner employees with less than a 5 % ownership in a C or S Corporation are not subject […]
August 18, 2020
On Saturday, August 8th, President Donald Trump signed four executive actions relating to COVID-19 relief. The orders provide for a payroll tax deferment, an extension of the deferment of student loan payments and interest accrual, as well as a potential $400 per week in Federal Pandemic Unemployment Compensation. The last order instructs the Director of […]
August 18, 2020
The Small Business Administration (SBA), in consultation with the Department of the Treasury, issued additional guidance (in the form of FAQs released on August 11th) regarding PPP Loan Forgiveness for funds advanced as part of section 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), as amended by the Paycheck Protection Program […]
August 12, 2020
As organizations have had to navigate and operate under the instantaneous, shifting changes that are resulting from the current pandemic, one of the largest challenges to overcome is continuing to receive and replenish resources during a time when normal fundraising activities might not be possible. Revenues previously raised from annual fundraisers and campaigns that are […]
Webinars
March 08, 2023
We’re entering the final weeks of Period 4 reporting period that closes on March 31, 2023. Period 4 reporting is required for any organization that received more than $10,000 in the aggregate from the Phase 4 PRF distributions and the ARP Rural payment between 7/1/21 and 12/31/21. Most recipients of Phase 4 and ARP Rural […]
July 14, 2022
Reporting on Provider Relief Funds for Period 3 opened on July 1, 2022 and runs through September 30, 2022. Period 3 reporting is for any PRF payments you may have received between January 1, 2021 to June 30, 2021. Compared to Period 1 and Period 2, there were very limited payments made by HRSA in […]
November 17, 2021
President Biden’s administration recently announced its Path Out of the Pandemic action plan which included specific guidance around a COVID-19 vaccine mandate. The action plan calls for employers with 100 or more employees to require employees to be vaccinated or submit to weekly tests, as well as requiring vaccinations for federal employees, contractors, and hospitals […]
July 26, 2021
On July 20th, HRSA hosted a Reporting Technical Assistance Session regarding the Provider Relief Funds Portal. A few members of the Blue & Co. team attended this online session and took away some key pieces of information that will hopefully provide some guidance to your organization as you work your way through the provider relief […]
March 16, 2021
The Employee Retention Credit (ERC) is a refundable payroll tax credit that your tax-exempt organization may be eligible for. The credit was originally enacted with the CARES Act in March of 2020 and was extended and expanded with the Taxpayer Certainty and Disaster Tax Relief Act of 2020, which passed in December 2020. An additional […]
March 15, 2021
Note: You will see in the article below allowable entities now include 501(c)(7) organizations. There remains many specific requirements for the PPP program and each organization will need to consider the totality of the program and their situation to see if they qualify. However, the deadline to apply for funding has not been moved and […]
