August 20, 2020 Internal Revenue Service (IRS) Notice 2020-52, provides guidance and temporary relief for employers who may choose to reduce contributions during 2020 to their safe harbor 401(k) or 403(b) plan. Notice 2020-52: Clarifies that an employer can amend a safe harbor plan to reduce contributions made only on behalf of highly compensated employees …
Apple Growth Partners Included in Expert Panel for Ohio Employee Ownership Center Virtual Conference AKRON, Ohio – (August 6, 2020) – Award-winning firm Apple Growth Partners will be participating in the Ohio Employee Ownership Center (OEOC) virtual conference on August 20. The panelists will answer technical questions regarding how stock value is determined, explain plan …
August 5, 2020 On August 4th, SBA released guidance regarding the Paycheck Protection Program (PPP) loan forgiveness. Critical takeaways include: General No payments on PPP loans are required until the forgiveness amount is known and submitted to the lender by the SBA. Interest accrues at 1% from the date of loan disbursement on any unforgiven …
August 3, 2020 By Dmitriy Berkovich, CPA | COVID-19 Response Team The Federal Reserve Board on Tuesday announced an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30. The three-month extension will facilitate planning by potential facility participants and provide certainty that the facilities will continue …
July 27, 2020 By Dmitriy Berkovich, CPA | COVID-19 Response Team From the Federal Reserve Board‘s announcement: The Federal Reserve Board on Friday modified the Main Street Lending Program to provide greater access to credit for nonprofit organizations such as educational institutions, hospitals, and social service organizations. As detailed in term sheets released last week, …
July 27, 2020 COVID-19 Response Team All Providers – HHS Releases Timeline for Provider Relief Fund Reporting HHS will issue the detailed instructions on reporting obligations by August 17, 2020 but in the interim is making all practices aware of the Post-Payment Reporting Requirements. Your practice is subject to these requirements if it received more …
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AKRON, Ohio – (July 9, 2020) – Apple Growth Partners (AGP), award-winning accounting and business advisory firm, has announced staff promotions effective July 1. Eleven employees earned career advancement as a result of their commitment to the firm’s clients. Business valuation department: Ben Grimaldi, senior associate Tax department: Christine Waltjen, senior manager Dmitriy Berkovich, principal …
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Apple Growth Partners Receives Best Employers Honor for 2nd Consecutive Year AKRON, Ohio – (June 29, 2020) – Apple Growth Partners (AGP), award-winning accounting and business advisory firm, has been named one of the Best Employers in Ohio by Crain’s Cleveland Business for the second consecutive year. The Best Employers in Ohio is a survey …
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CLEVELAND, Ohio – (June 29, 2020) – Apple Growth Partners (AGP), award-winning accounting and business advisory firm, has been awarded a Top Workplaces 2020 honor by The Plain Dealer. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage, LLC. The anonymous survey uniquely measures …
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June 25, 2020 The latest from the HHS website for Medicaid and CHIP providers: Medicaid and CHIP Distribution HHS expects to distribute $15 billion to eligible providers that participate in state Medicaid/CHIP programs or Medicaid managed care plans and have not yet received a payment from the Provider Relief Fund General Distribution allocation. How are …
