H2 Advisors created an interactive webinar series to help small and medium sized businesses navigate through the pandemic. On June 9th, Gwen Griggs, Co-Founder and Managing Director at ADVOS, along with other business leaders, provided insight on how businesses can plan and strategize during and after the pandemic. During the webinar, Gwen covers three concerns…

ACG Florida Insights, a partnership between the four Florida Association for Corporate Growth Chapters (North Florida, Orlando, Tampa Bay, and South Florida), created a webinar series to help middle market companies navigate their way through this pandemic. On June 4th, Whitney Harper, Chief Executive – Operations, joined other business leaders on ACG Florida Insights’s webinar…

The ADVOS team is committed to helping our community remain strong through the COVID-19 crisis. While we’ve been helping businesses navigate the impact of the pandemic and new legislation, we also recognize that record numbers of people are without work. In our own community, Feeding Northeast Florida has seen 2-3 times the usual number of…

SBA has released the application for PPP Loan forgiveness, which includes detailed guidance regarding forgiveness calculations.  The application is available here. Key Updates:  Option for alternative payroll period.  The forgiveness calculations allow the borrower some flexibility in selecting the 8 week period during which payroll will be counted Both paid AND incurred costs are forgivable.  Forgiveness is available…

We indicated that the SBA promised to release additional guidance regarding the certification of need for PPP Loan funds, and the “Safe Harbor” for return of funds, which expires tomorrow, May 14. SBA has just released that guidance, and it’s remarkably reasonable. Summary:  For loans under $2m, the borrower will be presumed to have met…

Although the initial legislation regarding PPP Loans indicated that all businesses were presumed to be adversely impacted by COVID-19 and therefore eligible for the funds, the SBA has now indicated that more stringent criteria will apply for all borrowers, and that it will review all loans of $2m or more (and others as appropriate). SAFE HARBOR…

As businesses reopen and employees return to work, management teams will need to consider how to safely resume operation while complying with applicable employment laws. Click here to review our curated guidance for employers to help you navigate a safe return to work following COVID-19. Immediate Action Items: Assess risk and plan for mitigation Implement infection prevention…

All signs say the second wave of PPP Loans is on the way and moving quickly.  Last night, additional appropriations for the COVID-19 relief programs, including $310 billion in additional funds for PPP Loans, passed the Senate.  We expect the House to approve the bill on Thursday, and the President to sign it into law by…

Now that the first (and hopefully not the only) round of PPP Loans has been funded, many PPP Loan recipients are trying to determine the amount of their loan that will ultimately be forgiven.  Although the existing rules regarding forgiveness (and reductions to forgiveness) are sparse, they do provide guidance that employers need to understand.  We…