Elliott P. Dale, Attorney

12/23/2021

Happy Holidays and Cheers to 2022! - https://mailchi.mp/6256c0238057/happy-holidays-and-cheers-to-2022

06/05/2020

Passed U.S. Senate: New tweaks to PPP extend covered period to 24 weeks and change forgiveness requirements. Another round of twists and turns and more rule making and guidance, but overall more flexibility.

The Senate passed a House bill that gives small businesses and other entities that received loans from the Paycheck Protection Program 16 additional weeks to spend the funds and qualify for full forgiveness of the loans.

05/29/2020

Promising activity from U.S. Congress - new bill passed by House would change PPP forgiveness period from 8 to 24 weeks and relax payroll requirement from 75% to 60%. Expected to be taken up by Senate next week.

The US House passed a bill that would relax some of the requirements that Paycheck Protection Program fund recipients need to fulfill to qualify for forgiveness from their loans.

05/16/2020

The PPP Loan Forgiveness Application has arrived, and provides the mechanics to determine your next steps in calculating and documenting potential forgiveness. Here it is:

04/28/2020

“Where does your purpose lead in this needs-driven moment?”

Shift Your Organization from Panic to Purpose http://ow.ly/y8Id30qBjeT

Business as usual is impossible. Now is a perfect time to re-evaluate.

04/23/2020

Good practical advice on tracking PPP-forgivable expenses.

Got a PPP loan? Here's how to make sure you get loan forgiveness http://ow.ly/vSd550zmFY9?

Among the tips from an accountant: Create a "forgiveness folder."

04/22/2020

Latest Blog Post: PPP Round Two; Have a Strategy - The window will be shorter, but the playing field for borrowers is a little more clear.

If your PPP loan application did not get funded, you have another shot, but things are going to move very quickly. You need a strategy.

04/15/2020

Trust. Perhaps the foundation everything in our world is built upon. A long read, powerful message, and spot on for today. Most impactful HBR article I have read in a long time. Bonus: a smattering of Oregon Duck athlete pictures. Go Ducks!

http://ow.ly/SHme30qxX5C

Why trust gets lost — and how to get it back

04/09/2020

New Guidance from SBA on 4/8 for PPP. If relying on this guidance is more favorable, you can revise app w/lender. Headcount is the #1 driver of the forgivable component of the loan. http://ow.ly/cub250zauWa

EMPLOYEE HEADCOUNT CALCULATION
14. Question: What time period should borrowers use to determine their number of employees and payroll costs to calculate their maximum loan amounts?

Answer: In general, borrowers can calculate their aggregate payroll costs using data either from the previous 12 months or from calendar year 2019. For seasonal businesses, the applicant may use average monthly payroll for the period between February 15, 2019, or March 1, 2019, and June 30, 2019. An applicant that was not in business from February 15, 2019 to June 30, 2019 may use the average monthly payroll costs for the period January 1, 2020 through February 29, 2020. Borrowers may use their average employment over the same time periods to determine their number of employees, for the purposes of applying an employee-based size standard. Alternatively, borrowers may elect to use SBA’s usual calculation: the average number of employees per pay period in the 12 completed calendar months prior to the date of the loan application (or the average number of employees for each of the pay periods that the business has been operational, if it has not been operational for 12 months).

04/08/2020

Now that the landscape is getting clearer and we buckle in for a longer haul, survival strategy is critical. Your customer’s motivations have certainly changed since a month ago, and will continue to evolve as we all adjust. The value you can add through your offerings will certainly change, too. Think deeply about the new playing field, and what you can do to be stabilizing force in your customer’s lives. Listen first.

Ensure That Your Customer Relationships Outlast Coronavirus http://ow.ly/GsYJ30qwhiM

Five strategies for communicating during a crisis.

04/07/2020

Time to start thinking about what the world looks like on the other side of this thing, and how we plug small businesses back into it..
http://ow.ly/N4ri30qvUO9

The lockdown will end before scientists develop a working vaccine. Here’s a four-point plan for how companies should adapt.