Here is the latest information we have written or obtained from reliable resources to help you during this challenging time.
PPP Loan Q&A Session
Important CARES Act and PPP Loan Information
**As of March 27, 2020**
PPP Loan Forgiveness Webinar
On Friday, May 15th, 2020 the SBA released a crucial piece of information, the PPP Loan Forgiveness application. The application provides much needed guidance for the biggest remaining puzzle pieces for borrowers in how the forgiveness calculations will work, key definitions, and clarity on timelines. While more guidance is expected and there are still many questions to be answered, understanding this application is critical for all borrowers with a PPP Loan.
During this webinar we covered the updated timeframes for allowable payroll costs, FTE calculations, payroll calculations and went over the application itself and examples to help cover the different provisions in the application. The earliest borrowers are probably still 2 weeks away from even being able to apply for forgiveness but having a better understanding of how the program works will be beneficial for all borrowers as they continue to navigate this program.
Beyond PPP – Alternative Financial Relief & PPP Update
On April 28, 2020, Edward McWilliams of Cerini & Associates LLP held a webinar related to alternative financial relief options for businesses and organizations beyond PPP Loans. Learn about the eligibility for each program, the process for utilizing these programs and potential pros and cons of each.
- Employee Retention Tax Credit
- Payroll Tax Deferrals
- Economic Injury Disaster Loans (EIDL)
Helpful for organizations that were unable to obtain or were otherwise ineligible for PPP Funding.
Recent Webinar: Tips & Best Practices on Use of PPP Funds
On April 15, 2020, Edward McWilliams and Ken Cerini held a webinar where they discussed some of the recent PPP updates including rules for approved loans, documenting how to use funds, potential audits, and more.
Recent Webinar: Navigating a Global Crisis: Resources & Strategies for Nonprofits
On Tuesday, April 7th a webinar was held on Nonprofits Navigating a Global Crisis. The distinguished group of panelists highlighted different strategies & resources available to nonprofits, including the CARES Act, reevaluating your fundraising strategy, strategic realignment and more.
Navigating the Key Provisions in the CARES Act for Businesses and Nonprofits Webinar
The NYS Health Foundation Helpful Resource List
The recent effects of COVID-19 on our communities and workplaces is of great concern, especially to nonprofits of any size. The New York State Health Foundation recently published a helpful list of national, state, and local resources for nonprofits and community-based organizations. Check out these regularly-updated resources to help get through these difficult times, including food assistance, workers’ rights, healthcare services and more.
NYS Special Education Resource Group
The Coronavirus pandemic has drastically changed the way that special education services are being delivered. This has left many providers scrambling to develop education plans and platforms. As a result, we’ve created this Facebook group to provide a platform for providers to shared ideas and get answers on what their peers are doing. While we understand the fiscal ramifications, you guys are the experts in the programmatic areas. We are all in this together!