Brian Sengson Weighs in on AT&T Appeals Court Decision in Law360 Article

Law360 published an article discussing the recent $6 million win for AT&T subsidiaries in Georgia to be able to recover wrongfully paid sales and use taxes for customers between November 1, 2005 and May 4, 2009. This ruling by the Georgia Supreme Court partially reverses a state Court of Appeals decision and raises questions about the procedures for recovering a customers’ taxes. The publication looked to Brian Sengson, a Senior Manager in Bennett Thrasher’s State & Local Tax practice, for his outside perspective on the case.

Bennett Thrasher Promotes 3 to Partner, Grows Partnership to 51

Bennett Thrasher, one of the largest full-service public accounting and consulting firms in the country, announces the promotion of three of its professionals to its partnership effective July 1, 2020. The professionals being promoted are John Cummings, Jim Dougherty and Chris Edwards.

SBA Permits Borrowers to Apply Early for PPP Loan Forgiveness

On June 22, 2020,  the Small Business Administration (SBA) issued a new Interim Final Rule to revise previous guidance released concerning PPP loan forgiveness and loan review procedures, officially updating the language of the PPP’s Final Rules to include the changes made by the Paycheck Protection Program Flexibility Act of 2020 (PPP Flexibility Act). The new guidance mostly updates the rules for changes we already knew about but also provides answers to several questions that had been troubling borrowers.

Anthony Szczepaniak Named Chief Executive Officer of LEA Global

LEA Global welcomes Anthony (Tony) Szczepaniak as Chief Executive Officer (CEO). Szczepaniak will lead the strategic direction and day-to-day operations of the international accounting association, focusing on membership best practices, cohesiveness, collaboration and growth.

SBA Releases New PPP Loan Forgiveness Applications

On June 16, 2020 the Small Business Administration (SBA) released a revised PPP Loan Forgiveness Application, unveiled a new simplified version of the application that requires fewer calculations and documentation, and issued new guidance to reflect changes made by the Paycheck Protection Program Flexibility Act of 2020 (PPP Flexibility Act). The applications and guidance clarify what compensation is eligible for loan forgiveness and ease concerns for businesses trying to use PPP loans and have them fully forgiven.

Trump Signs PPP Flexibility Act, Provides Greater Flexibility to Use Loan Funds

On June 3, 2020, the Senate unanimously passed the Paycheck Protection Program Flexibility Act of 2020 (the “PPP Flexibility Act”), which was enacted on June 5, 2020. In a nearly unanimous vote, the House approved the bill on May 28 with only one representative casting a dissenting vote. The bi-partisan legislation makes extensive changes to the Small Business Administration’s Paycheck Protection Program (PPP) by providing employers with more flexibility and time to use PPP funds and still qualify for loan forgiveness.

Stephen Klein Shares PPP Insights in Mission Local Article

As businesses are struggling to navigate the SBA Paycheck Protection Program (PPP), Mission Local sought out Stephen Klein, Managing Director of Bennett Thrasher’s Bankruptcy & Restructuring practice, for his insight on the program. While PPP loans are intended to be used to pay employees and other overhead costs during the coronavirus pandemic, business owners are weary about the forgiveness process and how they should navigate repayment versus forgiveness.

Tim Oberst Joins Thought Leaders to Discuss Strategies to Implement during Uncertain Times

The Rawls Group recently hosted a webinar featuring experts from Bennett Thrasher, Burr Forman, People 1 and NLP Center of Atlanta who weighed in on effective strategies companies should implement to navigate the current uncertainty related to the coronavirus. Tim Oberst, a Tax Partner at Bennett Thrasher who has been instrumental in navigating the Paycheck Protection Program (PPP) loans and Coronavirus Aid, Relief and Economic Security (CARES) Act, shared his insight and advice for small businesses to consider in the current environment.

National Bestseller “The Millennial Whisper” Captures BT’s Commitment to Employees and Culture

The Millennial Whisperer, the practical, profit-focused playbook for working with and motivating the world’s largest generation, dives into what it takes to create a workplace environment that attracts, rewards, promotes and maintains millennial employees. Chris Tuff, the Atlanta-based author of the book, highlights Bennett Thrasher’s commitment to this generation and shares how the firm engages all employees.

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