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New PPP Loan Forgiveness Application Provides Flexibility in Calculating Loan Forgiveness

By Insights

On May 15, 2020 the Small Business Administration (SBA) posted the long-awaited Paycheck Protection Program Loan Forgiveness Application, with step-by-step instructions on how to perform the calculations required by the CARES Act to determine the eligible amount of loan forgiveness. According to a Treasury statement, the application and instructions provide guidance that is meant to reduce compliance burdens and facilitate the process for borrowers. They answer several questions that were troubling borrowers and their advisors and are mostly favorable to businesses.

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Business Continuity – A New Perception

By Business Process Outsourcing, Insights, Technology Services

Prior to the coronavirus pandemic, most companies would associate business continuity with a set of processes/procedures to provide access to critical IT systems in the event of an extended power and/or internet outage at their main office. What those companies aren’t considering is all of the other components that go into running day-to-day operations (e.g. cutting checks, paying vendors, running payroll, taking phone calls, etc.).

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BT Foundation Supports Atlanta Hospitality and Nonprofit Communities

By News

Although the coronavirus has caused uncertainty in nearly all aspects of everyday life, it is inspiring to witness our community navigate this new normal and support local businesses and nonprofits. The BT Foundation and BT Associates are committed to giving back to our community and are proud to have rallied behind the hospitality industry by donating over $10,000 to the Giving Kitchen.

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Brett Dixon Joins Bennett Thrasher as Director in Disputes, Valuation & Forensics Practice

By News

Bennett Thrasher is pleased to announce the hiring of Brett Dixon as a Director in the firm’s Disputes, Valuation & Forensics practice. In his role, Brett will focus on performing valuations of business entities and intangible assets to assist clients with mergers, acquisitions and dispositions; taxation planning and compliance; financial reporting; and strategic planning.

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Atlanta Business Chronicle Looked to BT’s Stephen Klein to Break Down PPP Loan Forgiveness

By Business Restructuring & Bankruptcy Consulting, News

The Atlanta Business Chronicle recently published an article that dives into the Paycheck Protection Program (PPP) requirements and whether businesses will be able to meet the obligation of using 75% of the loan proceeds on payroll costs. The publication turned to Stephen Klein, Managing Director of Bennett Thrasher’s Bankruptcy & Restructuring practice, for his insight on whether companies that offer bonuses to employees will see greater forgiveness from the Small Business Administration (SBA).

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