Category: Uncategorized

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

Governor Wolf and Secretary Levine announce new COVID-19 restrictions in Pennsylvania

New Pennsylvania COVID-19 related restrictions were announced today by Governor Tom Wolf and Secretary of Health Dr. Rachel Levine.

The information can be read in full HERE and are summarized below.  The restrictions announced today are effective at 12:01am on 12/12 and end at 8am 1/4/20.

In-Person Dining and Alcohol Sales

  • All in-person indoor dining at businesses in the retail food services industry, including, but not limited to, bars, restaurants, breweries, wineries, distilleries, social clubs, and private catered events is prohibited.
  • Outdoor dining, take-out food service, and take-out alcohol sales are permitted and may continue, subject to any limitations or restrictions imposed by Pennsylvania law, or this or any other Order issued by the Sec.
Read More

SBA adds new requirement for PPP borrowers with loans over $2million

The U.S. Small Business Administration (SBA) will require Paycheck Protection Program (PPP) lenders to issue “loan necessity” questionnaires to all borrowers of PPP loans of $2 million of more through, among other forms, SBA Form 3509 (Loan Necessity Questionnaire – For-Profit Borrowers) and SBA Form 3510 (Loan Necessity Questionnaire – Non-Profit Borrowers).

The questionnaires will be required from borrowers (for-profit and non-profit) that received PPP loans of $2million of more (in aggregate).

Per the Journal of Accountancy, the SBA said in an email sent to lenders that they will be receiving notification letters requesting that borrowers complete the appropriate questionnaire.Read More

Philadelphia announces new “Safer at Home” restrictions to fight rising COVID-19 cases

Mayor Jim Kenney and Philadelphia Health Commissioner Dr. Tom Farley have announced new restrictions for Philadelphia intended to mitigate the spread of COVID19.

The new restrictions are effective Friday November 20, 2020 through the New Year.

Below is a detailed list of the restrictions which can also be read HERE.

The following businesses and activities are not allowed:

  • High schools and colleges must move to online instruction only, with the exception of clinical instruction for students in health sciences.
  • Indoor dining at restaurants and other food service businesses. (Takeout, delivery and outdoor dining may continue. Additional restrictions on outdoor dining are detailed below.)
Read More

ICYMI – Recording Available for November 5, 2020 Webinar – PPP Update

Brinker Simpson & Company, LLC hosted a webinar Thursday November 5, 2020 to provide a PPP Forgiveness update and host a Q&A with participants.

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.com with questions.

We are in this together,

Brinker Simpson & Company, LLC

Disclaimer: This alert is for informational purposes only and does not constitute professional advice.… Read More

Paycheck Protection Small Business Forgiveness Act – introduced in the Senate

The Paycheck Protection Small Business Forgiveness Act (PPSBFA, S.411), a bipartisan bill, was introduced to the Senate on June 30, 2020.  The PPSBFA would provide automatic loan forgiveness to all PPP loans under $150,000.

Since the establishment of the program through July 14, 2020, 4.9 million loans and $517 billions have been provided to business owners.  The SBA’s most recently issued demographic details reflect that 86.6% of PPP loans and 27.6% of PPP funds would qualify for automatic forgiveness should the PPSBFA become law.

The Paycheck Protection Program (PPP), a provision in the CARES Act signed into law by President Trump on March 27, 2020, provides forgivable loans for businesses impacted by the devastating financial impact of the epidemic.  Read More

Main Street Lending Update (barely) and More from the Senate Banking Committee Hearing Last Week

On May 19th, the U.S Senate Banking Committee held a virtual hearing.  The Committee questioned Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell about how they are using the $2 trillion CARES Act stimulus funds.

CARES Act Programs were discussed.  Updates are below.

Chairman Powell for updates from the Federal Reserve:

  • Main Street Lending Program – “preparing to launch” per Chairman Powell
    • When pressed by Senator Pat Toomey (R) on a more definitive launch date, Powell said he expects the program to be operationa by the end of May or first few days of June
  • Municipal Liquidity Facility established under section 13(3) authority to purchase short-term debt directly from U.S.
Read More

SBA issues major forgiveness related answer on FAQs.

Most visitors to our site are familiar with the Paycheck Protection Program (PPP).  It has attracted massive interest from business owners and non-profits across the country.  The loan program was established with the passing of the CARES Act on March 27, 2020.  The Program went live April 3rd with a directive to qualified lenders to deliver funding as quickly as possible.  The PPP’s hallmark feature is the eligibility to have the entire loan amount forgiven for meeting certain criteria including restoration of headcount/ salary levels and mandating that for full forgiveness, 75% of proceeds be used for eligible payroll costs, as defined by the Act.… Read More

Powered by WordPress & Theme by Anders Norén