Category: Ken Cerini

New Comparability Plan… Is it Right for You?

Pension plans should be an important part of every business’ benefits package. Not only do they let business owners/executives and employees to set aside funds for their retirement, but they provide the added ability for companies to assist in the process and make contributions on behalf of their staff, to help them better position themselves for retirement.

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Special Ed-ition Letter

Special Education programs have been grappling with the impact of the Coronavirus Pandemic for over three months, and while the State is looking for ways to move back to some level of face-to-face learning come September, it is anticipated that the impact of the pandemic will be felt throughout the balance of calendar 2020 and beyond. Governor Cuomo originally announced that distance learning would continue throughout the summer, and then on June 8, 2020 he issued EO 202.37, allowing districts and independent schools providing special education services (853 schools, 4201 schools, and 4410 schools) to provide in-person special education services as long as proper safety protocols are out in place.

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The Impact of Government Funding on PPP Loan Forgiveness

Many companies and organizations have received their PPP loans, which means that they are in the 8- week forgiveness period. During this 8-week period, any qualified costs are potentially forgivable. There are certain criteria that will dictate the forgivable portion, such as the amount of expenses (forgiveness is limited to the actual qualified expenses for the period – though it is still uncertain if this is calculated on the cash, accrual, or some combination of the two), type of expenses (qualified non-salary expenses cannot exceed 25% of the forgiveness amount), level of staff retained (any drop in staff FTE’s will reduce forgiveness), salary levels paid to staff (a reduction in the salary paid to any employee in excess of 25% will reduce forgiveness); and whether any governmental source is directly funding you for any qualified expenditures.

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