Modern Restaurant Management (MRM) magazine recently published an article by John Yeager, Managing Director of Bennett Thrasher’s Business Transformation Services practice. In the article, titled “Three Reasons to Outsource Your Restaurant’s Accounting Services,” he outlines the cost-saving and time-saving benefits of outsourcing accounting services to a skilled provider.
BT and Kennesaw State University Share Results of Georgia Construction COVID-19 Outlook Survey
Bennett Thrasher and Kennesaw State University’s (KSU) College of Architecture and Construction Management are proud to share the results of their fifth annual Georgia Construction Outlook Survey. This year’s survey, which focused on COVID-19’s impact on the industry in the state, captured insights and data from over 120 privately-held construction companies, including home builders, heavy contractors, general contractors and specialty contractors.
Georgia Film Tax Credits for Individuals
Most Georgia residents have noticed that the state has become a major destination for the film and entertainment industry over the last several years. Known as the “Hollywood of the South,” Atlanta has become a hub for films and TV series, including The Walking Dead, The Avengers and The Hunger Games.
Number of COVID-19 Business Interruption Lawsuits Spikes, Insurers Racking Up Early Wins
Countless businesses across the country have been forced to close their doors as COVID-19 continues to spread. As business owners seek to recover losses suffered due to shelter-in-place orders, many business interruption insurance claims are being denied under the assumption that closed businesses have not experienced a “direct physical loss of, or damage to, property.” In turn, business owners are taking insurers to court.
SBA Clarifies Deferral Period for PPP Loans
The Paycheck Protection Program Flexibility Act (PPP Flexibility Act) enacted on June 5, 2020 made certain changes to the terms of PPP loans, including extending the deferral period for borrower payments of interest to the date the SBA remits the borrower’s loan forgiveness amount to the lender, or ten months after the end of borrower’s loan forgiveness covered period if the borrower does not apply for loan forgiveness.
SBA Introduces Streamlined PPP Loan Forgiveness Application
On October 8, 2020 the SBA and Treasury Department released a streamlined loan forgiveness application for PPP loans not exceeding $50,000. SBA Form 3508S may be used by any borrower with a total loan amount of $50,000 or less, except for those borrowers that together with their affiliates received loans totaling $2 million or greater.
SBA Releases Guidance on Ownership Changes for PPP Borrowers
On October 2, 2020, the Small Business Administration (SBA) issued a procedural notice providing long-awaited guidance for changes of ownership of a PPP borrower.
Jenny Cybul Selected as Finalist for Atlanta Business Chronicle’s 2020 HR Excellence Awards
Jenny Cybul, Bennett Thrasher’s Chief Human Resources Officer, has been selected by the Atlanta Business Chronicle as a finalist for its HR Excellence Award in the Chief Human Resources Officer Category.
BT Webinar Provides Tips to Election-Proof Your Estate Plan
With all eyes on the November election, many are wondering what impact the upcoming presidential and congressional races might have on estate planning. To provide answers, Bennett Thrasher’s Estates & Trusts practice partnered with BT Wealth Management and Djuric Spratt to present, “Estate Planning in an Election Year.”
How Schools Can Smoothly Transition to Virtual Learning this Fall
As the country struggles to navigate the challenges of COVID-19, schools in particular have had to make some difficult operating decisions for their students and teachers. Some have resumed the school year in-person whereas others have opted for virtual learning, and either option contains their own challenges.
Bennett Thrasher Managing Partner Jeff Eischeid Featured on Business RadioX
Jeff Eischeid, Managing Partner at Bennett Thrasher, recently sat down with Business RadioX to discuss how the COVID-19 pandemic has presented opportunities and challenges for the firm. In the interview, he shares more about BT’s services, the company’s culture and plans for future growth, as well as lessons learned from the pandemic and current trends in accounting.
Fighting IRS Penalties: Mitigating the Delinquency and Failure-to-Pay Penalties
Each year, the Internal Revenue Service assesses millions of tax penalties against individuals and businesses. If you have received an IRS penalty notice, you are not alone. In 2019, the IRS sent over 40 million penalty notices and assessed over 40 billion dollars in penalties. More than 60 percent of these penalty notices involved just two offenses: delinquency (failure-to-file) and failure-to-pay.
Page 1 of 9
