Insights/News

May 5 2022

SBA To Close Down EIDL Portal

2022-05-05T14:06:41-04:00May 5, 2022|

Newburg | CPA Special News Brief - Newburg Staff Writers May 5, 2022 As detailed on the sba.gov website, the COVID-19 EIDL portal will be closing on May 16, 2022. The SBA would like to remind EIDL participants that they should download all of their loan documents from the [...]

Mar 29 2022

Mass Hiring and Training Employer Grant Program – “HireNow”

2022-03-29T10:46:48-04:00March 29, 2022|

Newburg | CPA Special News Brief March 25, 2022 Effective March 23, 2022 the Baker Administration announced a new grant program positioned to boost hiring by providing eligible employers with a $4,000 per employee grant. The funds can be used to cover training costs, supervision time or employee bonuses. [...]

Mar 23 2022

FASB OFFERS A PRACTICAL EXPEDIENT ON THE ISSUANCES OF EQUITY-CLASSIFIED AWARDS FOR PRIVATE COMPANIES

2022-03-23T13:06:11-04:00March 23, 2022|

Newburg | CPA Tax Brief March 23, 2022 Summary The FASB issued ASU 2021-07[1] (“Update”) to address the concerns from stakeholders about the cost and complexity of determining the fair value of equity-classified share-based awards for private companies. It specifically permits private companies to use 409A valuations prepared under [...]

Mar 17 2022

The donor-advised fund: A powerful vehicle for charitable giving

2022-03-02T10:54:03-05:00March 17, 2022|

Newburg | CPA Tax Brief March 17, 2022 If charitable giving is important to you, consider a donor-advised fund (DAF). A DAF — typically sponsored and managed by a community foundation or commercial investment company — offers many of the benefits of a private foundation at a fraction of [...]

Mar 10 2022

THREE KEY SUPPLY CHAIN MANAGEMENT QUESTIONS FOR 2022

2022-03-02T10:57:03-05:00March 10, 2022|

Newburg | CPA Tax Brief March 10, 2022 The COVID-19 pandemic exposed the fissures in global supply chains, with recent disruptions proving costly, complex, and chronic. Manufacturers will likely continue to face headwinds in 2022, a cause for concern following a turbulent year. Constraints on transportation and capacity, supply [...]

Feb 26 2022

Time Sensitive: Massachusetts Growth Capital Corporation (MGCC) Grant Programs 2022

2022-02-26T08:44:25-05:00February 26, 2022|

Newburg | CPA Staff Writers  February 25, 2022 The Commonwealth of Massachusetts launched a new grant program of $75 million to support small businesses that were adversely impacted by the COVID-19 pandemic. Massachusetts Growth Capital Corporation (MGCC) will administer the two different grants programs: New Applicant Grant Program $25 [...]

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