Apple Growth Partners

SBA Releases Long-Awaited Guidance on PPP Forgiveness in the form of Frequently Asked Questions

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 …

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Main Street Lending Extended by Three Months

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 …

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Apple Growth Partners’ Charitable Giving Fund Announces Request for Proposals

AKRON, OHIO– (August 3, 2020)—Apple Growth Partners’ (AGP) Community Outreach Charitable Giving Fund of Akron Community Foundation is now accepting grant proposals for financial literacy education. Established in 2009, the Apple Growth Partners Community Outreach Charitable Giving Fund of Akron Community Foundation was created to recognize the importance of supporting civic events and philanthropic organizations …

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Buy-Sell Agreements – “We Have a Formula” Doesn’t Always Work

By Jason Bogniard, ASA, CVA, EA, MBA | Principal, Business Valuation and Corporate Litigation Most buy-sell agreements, whether structured as a cross-purchase agreement between shareholders or a corporate stock redemption, are well thought-out and memorialized from a legal and tax perspective. However, we find one of the most important aspects of a buy-sell agreement is …

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Main Street Lending Update for Non-Profits

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, …

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All Providers – HHS Releases Timeline for Provider Relief Fund Reporting

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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Apple Growth Partners Announces Promotions and Appointments

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

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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