We are here to help, in any way we can. We will continue to update this website with the latest news regarding the new Economic Stimulus package, Families First Coronavirus Act, extended tax filing and payment deadlines, economic grant activity, SBA loans, unemployment updates, and all COVID-19 related relief and information as we partner to survive this disaster together. We will post information and resources to this site. If you have a question and cannot find an answer here, contact us and we will find that answer for you. That’s our promise to you.

We hope for a quick recovery and for a return to some normalcy.

Brinker Simpson to Participate in Nationwide Panel on Latest PPP Changes

The Paycheck Protection Program (PPP) was created as part of the CARES Act to assist businesses during COVID-19 through forgivable loans. However, the program has complex forgiveness guidelines, rules, and calculations that recipients must navigate to get full loan forgiveness. At Brinker Simpson, we’re not limiting our support to just those that are clients. We’re trying to connect with any business that we can help.

Bob Simpson and Kristen McCabe from Brinker Simpson, will participate in a nationwide panel to discuss the program’s latest changes. Join us on Tuesday, March 2, from noon to 2 p.m. for “Don’t Leave Stimulus Benefits on the Table,” a virtual panel hosted by Multifunding Business Loan Advisors.… Read More

FACT SHEET: Biden-Harris Administration Increases Lending to Small Businesses in Need, Announces Changes to PPP to Further Promote Equitable Access to Relief

Small businesses account for 44 percent of U.S. GDP, create two-thirds of net new jobs, and employ nearly half of America’s workers.

The Biden-Harris administration has made delivering equitable relief to hard-hit small businesses a top priority. The latest round of Paycheck Protection Program (PPP) funding opened just one month ago and it represents a marked improvement on the prior round of the Program last year. Compared to the same point in the Program last year:

  • The share of funding going to small businesses with fewer than ten employees is up nearly 60 percent
  • The share of funding going to small businesses in rural areas is up nearly 30 percent
  • The share of funding distributed through Community Development Financial Institutions and Minority Depository Institutions is up more than 40 percent

The Biden-Harris administration is announcing several reforms to build on this success by further targeting the PPP to the smallest businesses and those that have been left behind in previous relief efforts.… Read More

Upcoming COVID-19 Business Update – March 2nd

On Tuesday, March 2nd, the Delaware County Chamber of Commerce will host a COVID-19 Business Update webinar. Bob Simpson and Kristen McCabe from Brinker Simpson & Co. will join the Chamber to provide a Paycheck Protection Program (PPP) update, discuss tax breaks that business owners should be aware of, and announce details surrounding the Hospitality Industry Program. Following the update, the group will take part in a live Q&A.
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$145 Million PA Hospitality Grant Program; Join us 3/2/21 for more information!

Governor Wolf recently announced the establishment of a hospitality industry focused grant program.

As a result, $145 million in funding will be distributed to all 67 Pennsylvania counties through the COVID-19 Hospitality Industry Recovery Program to help support the commonwealth’s hospitality industry.

Funding will be provided through population based block grants to be allocated by February 28.  The program requires counties to establish grant programs for eligible businesses through CEDOs (Certified Economic Development Organizations) or CDFIs (Community Development Financial Institutions).  Grants will be awarded in $5,000 increments with a $50,000 maximum.

Join Brinker Simpson & the Delaware County Commerce Center at 10am on March 2nd for a COVID19 Update webinar. Read More

In Case You Missed It: The Employee Retention Credit Webinar Slides & Recording Are Now LIVE!

Brinker Simpson hosted a webinar on Thursday, January 28, 2021, to discuss key concepts of the Employee Retention Credit (ERC), related practical advice, and examples.

A recording of the presentation and Q&A can be viewed HERE.

You can also download the PowerPoint slides HERE. 

If you or someone you know would like to receive information about our upcoming news, webinars, and events, please email lcontino@brinkersimpson.com. 

Please contact cares@brinkersimpson.com with any questions, concerns, or topics you’d like us to cover. 

Disclaimer: This alert is for informational purposes only and does not constitute professional advice. Information contained in this communication is not intended or written to be used as tax advice & cannot be used by the recipient to avoid penalties imposed under the Internal Revenue Code.Read More

Pennsylvania Child Care COVID-19 Pandemic Relief Award

On January 20th, Pennsylvania’s Governor Wolf announced the opportunity for one-time $600 grants for child care workers across PA through the federal Child Care Development Fund quality dollars and remaining funding previously made available through the federal CARES Act. 

Nate Wahner from the Brinker Simpson Consulting Group compiled information to help providers determine if they are eligible and find out how to apply.  Please find the information below.

Eligibility forPA Child Care Grant

Childcare workers must:

  • Be employed by a licensed childcare provider through the Office of Child Development and Early Learning as of January 1, 2021.
  • Work a minimum of 20 hours per week at a licensed childcare provider that is open and operating.
Read More

ICYMI – PPP update and Q&A Webinar recording available now.

Brinker Simpson & Company, LLC hosted a webinar Tuesday January 12, 2021  for an update on the newly reestablished Paycheck Protection Program including over answers to over 70 frequently asked questions.

A recording of that overview and the following Q&A from participants can be viewed HERE .

You can download the PPT slides from the presentation by clicking here – PPP Update.

We send all webinar invitations to our email distribution list, if you would like to be added and/or there are topics you would like us to consider for future webinars, please let us know.

Please reach out to cares@brinkersimpson.comRead More

PPP – newly released rules and SBA Program Overview. Join us Tuesday to review and get your questions answered; click to register.

The U.S. Small Business Administration (SBA) and Treasury issued guidance Wednesday on the evening of the 10-day deadline enacted with the Consolidated Appropriations Act of 2021.  The guidance was released with two interim final rules related to the reestablished Paycheck Protection Program.  This morning, the SBA also released top line overviews of the first and second draw programs and indicated they would begin accepting applications from certain lenders Monday January 11.

Join us Tuesday January 12th at noon to review the most current information on the PPP, updates on the Employee Retention Credit and other information and updates related to the COVID19 Economic Relief bill. … Read More

Nonprofits Can Apply Now for 2021 Impact Grants With The Foundation for Delaware County

Nonprofits are invited to submit grant requests to The Foundation for Delaware County as it launches its third competitive grantmaking cycle.

A formal Request for Proposals (RFP) is available on its website www.delcofoundation.org.

Applications are due online Feb. 9, 2021 with awards to be announced in late April 2021.

The grants awarded through this competitive grant process will advance the foundation’s goal to improve the health and quality of life of children and families in Delaware County.

For the current funding cycle, the foundation will consider awarding grant funds in the following priority areas designed to address many social determinants of health:

  • Children’s Health and Well-Being (Infants to ages 18)
  • Community and Economic Development
  • Food Security
  • Hospice and Home Care

There will be a limited number of multi-year grants (up to 3 years) available).… Read More

PPP2 Highlights

On December 27, the President signed the Consolidated Appropriations Act, 2021 (CAA 2021) which included increased funding for the Paycheck Protection Program and allows for previous borrowers to request a “second draw.” The recently enacted COVID relief bill permits PPP2 loans to be issued immediately.

Keep in touch with your lender to understand when they anticipate accepting applications.

PPP2 Highlights:

  • Targets businesses who experienced a 25% decline in gross revenue in any quarter of 2020 over 2019
    • Special rules exist for new businesses; reach out to cares@brinkersimpson.com for more information if you need assistance determining if your new business is eligible
  • Loan amount of up to 2.5X average monthly payroll costs for 2019 or trailing 12 months  (up to $2 million)
  • Restaurant / hotels
    • Businesses with the NAICS code beginning 72 are eligible for 3.5X average monthly payroll and waived affiliation rules
  • 501(c)(6) organizations are newly eligible
  • Expands expenses eligible for forgiveness
  • Program ends 3/31/2021

Estimates indicate at least 50% of first round PPP borrowers could be eligible for round 2. … Read More

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