Figure of Justice holding the scales of justice

The DOJ is Serious About Prosecuting PPP Loan Fraud

Fulcrum Partners. Fulcrum Partners News

A provision of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Paycheck Protection Program, PPP, has been a difference-maker for many U.S. companies. As of June 30, 2020, nearly 5 million small and medium-sized businesses received a much-needed cash infusion to help them make payroll during the height of the COVID-19 pandemic. But where there is loan money available on payback forgiveness terms, there will inevitably be fraudsters attempting to game the system. 

Deferred Compensation News Available by Email Subscription

Deferred Compensation News Now Available by Email Subscription

Fulcrum Partners. Fulcrum Partners Media Releases

Fulcrum Partners, one of the largest independent executive benefits consultancies in the U.S., announces the availability of Deferred Compensation News on a no-cost, subscription basis. Previously offered only as an online publication, Deferred Compensation News is now available for direct email delivery.

PPP Forgiveness Calculation Guide

PPP Loan Forgiveness Calculation

Fulcrum Partners. Human Resources

If your business obtained a PPP loan, whether you plan to repay the loan or to seek PPP loan forgiveness, you need to be fully aware of the revised terms and conditions established under the Paycheck Protection Program (PPP) Flexibility Act of 2020 (PPPFA). The PPP Flexibility Act (HR 7010) was signed into effect by President Donald Trump on June 5, 2020. This action changes and replaces the terms of PPP Act loans and adds flexibility that will be valued by many borrowers.

Huge bunch of metal flexible protective shield

The Much-Anticipated PPP Loan Extension

Fulcrum Partners. Fulcrum Partners News

The Paycheck Protection Program Flexibility Act of 2020 (PPPFA) (i.e., the PPP loan extension) has been signed into law. After receiving U.S. Senate approval on June 3, 2020, the amendment to the Small Business Act and the CARES Act was finalized on June 5, with the signature of President Donald Trump. Updating the Paycheck Protection Program of the Small Business Administration, the PPPFA adds much needed flexibility to the timing and forgiveness options than was allowed by the original PPP Act.

Portfolio companies and Economic Stimulus

Portfolio Companies and Economic Stimulus Relief Part 2

Fulcrum Partners. Fulcrum Partners News

We are sharing the second in a two-part report, “Portfolio Companies’ COVID-19 Economic Stimulus Relief Incentives”. This report looks at the Coronavirus Aid, Relief and Economic Security Act (CARES) including here in Part 2, the Economic Stabilization Loan Program; Main Street Business Lending Program for midsized and larger businesses, Payroll Tax Incentives; and insights for navigating the crisis.

This report was prepared by leading tax and business advisory professionals at BDO USA, LLP and is republished here with their permission.

Portfolio Companies and Economic Stimulus

Portfolio Companies and Economic Stimulus Relief Part 1

Fulcrum Partners. Fulcrum Partners News

Fulcrum Partners is sharing with you the following in-depth report, “Portfolio Companies’ COVID-19 Economic Stimulus Relief Incentives”. Presented in two parts, the report covers aspects of the Coronavirus Aid, Relief and Economic Security Act (CARES) including here in Part 1, the Paycheck Protection Program for Small Businesses; the Economic Stabilization Loan Program and Main Street Business Lending Program for midsized and larger businesses.