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.

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

ICYMI – Recording Available for December 30, 2020 Webinar – CAA 2021 and the new COVID relief bill

Brinker Simpson & Company, LLC hosted a webinar Wednesday December 30, 2020 for the first overview of the recently passed CAA 2021 which includes the $900 billion COVID19 relief funding including an attractive expansion of the Employee retention credit, Expanded PPP /PPP2 and other updates and programs meant to mitigate the economic impact of virus mitigation measures.

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.

Read More

Will I Receive A Stimulus Check During The Second Round?

You likely have heard that a second round of Economic Impact Payments (EIPs) has been approved.

The IRS started to distribute the second EIPs on December 29. Direct deposit payments should be deposited within the next two weeks. Distribution of paper checks began on Wednesday, December 30, and should continue through the end of January. If you received an initial EIP, no additional action is required to receive this second payment.

The income criteria for the second round of payments is the same as the first. If you are a U.S. citizen or permanent resident making under $75,000 a year (single) or $150,000 a year (married filing jointly) and are not claimed as a dependent on someone else’s tax returns, you likely will qualify for the full $600 payment ($1,200 married couples).… Read More

President Trump signs into law the $900 billion COVID-19 relief bill

President Donald Trump on Sunday night signed into law the $900 billion COVID-19 relief bill overwhelmingly passed Dec. 21 by Congress.  The bill is over 5,500 pages; for comparison, the $2 trillion CARES Act passed in March was 335 pages.  As a result, we are still working through the details and invite you join us for a webinar with members of our team to review the most important parts of the legislation.  The webinar is scheduled for Wednesday, December 30th at 12:00 NOON EST.  REGISTER HERE for the webinar.  

Key points of this bill are listed below:

  • Allocates $166 billion for economic impact payments of $600 check to many Americans.
Read More

Delco Strong: Rapid Response Applications Accepted December 18th thru 28th

Thanks to Delaware County Council, county businesses are being thrown a $4 million life preserver in the hope it can help them tread through the next few weeks.

On Wednesday, council unanimously approved earmarking $4 million of Coronavirus Aid, Relief and Economic Security Act monies to provide grants ranging from $5,000 to $40,000 for businesses that were hit by the most recent virus mitigation guidelines. The program will be administered by the Delaware County Economic Development Oversight Board.

*This program is being offered ONLY to those industries directly affected by Governor Wolf’s new mitigation order announced on Thursday, December 10th that went into effect on Saturday, December 12th and continues through Monday, January 4th.*… Read More

Philadelphia Offers COVID Relief via Amendment of 2019 BIRT Return

Last week, the City of Philadelphia announced a COVID related relief option which includes the ability for Philadelphia based businesses to amend their 2019 BIRT if they overestimated their 2020 estimate and the ability for restaurants to amend their November & December U&O returns to exclude the dining area from the calculation.

If you are a Philly business impacted by the recently enhanced restrictions, reach out to your accountants ASAP to determine how these announcements impact you.
https://www.phila.gov/documents/coronavirus-tax-guidance/

Erin Arvedlund of The Philadelphia Inquirer’s Business Desk wrote an article about this on Monday, December 7th.   Brinker Simpson’s Kristen McCabe was interviewed and featured in it. … Read More

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