07.28.20

The Pros and Cons of Selling Your Business

Given the turbulent financial climate, it is not surprising to see more owners consider selling their businesses. Whether it is to look after employees, cut losses or for personal reasons, there is always a combination of pros and cons to consider. And I am speaking from experience, having sold my company to ORBA five years […]

07.23.20

Preventing Cyber Theft of Plan Assets Before it is Too Late

In the employee benefit plan landscape, cyber theft of participant accounts is a disaster waiting to happen. Whether or not you are liable as a plan sponsor, is a situation that you do not want to be in. Fortunately, there are steps plan sponsors can take to safeguard participant accounts from cyber theft. Plan sponsors […]

07.22.20

Staying Solvent — and Maybe Even Profitable — in Tough Times

Maintaining profitability is a challenge for medical practices in the best of times. When the economy undergoes a sudden and unforeseen downturn it can be hard for any business, including a physician practice, to stay afloat. What is worse, you may find coping with economic change even more difficult because of the constantly shifting Medicare, […]

07.21.20

Reintroducing Accessory Dwelling Units in Chicago

Accessory dwelling units (ADUs) have become popular rental alternatives in urban areas across the U.S. over recent years. Many cities, including Portland, Los Angeles, San Francisco and Washington, D.C., have already embraced the concept of offering these unconventional homes to offset the rising costs of housing within city limits. Now, more cities are evaluating current […]

07.15.20

Grow Your Business in an Unpredictable Economy

Even the best value proposition does not make your business recession-proof. How can a business double-down in times of economic uncertainty? Begin with your data and then focus on growth. Here are six ways to grow your business in an unpredictable economy. Want to Survive a Recession? Start With Your Data Map Your Metrics to […]

07.13.20

PPP Application Deadline Extended — $129 Billion Available
Frank L. Washelesky

In June, the Paycheck Protection Program (PPP) Flexibility Act was signed into law, making it easier for many businesses to benefit from forgivable PPP loans. This was good news for restaurants, many of which had declined to apply for loans because of the Program’s strict requirements regarding rehiring of staff, use of the funds and […]

07.08.20

Paycheck Protection Program Gets a Refresh
Frank L. Washelesky

The Paycheck Protection Program (PPP) has received a partial makeover. The PPP Flexibility Act (“Flexibility Act”), signed into law on June 5 together with new Small Business Administration (SBA) guidance, eases some of the restrictions that made it difficult for many businesses — restaurants in particular — to take full advantage of the program. Among […]

07.07.20

Is it Time to Update Your Company’s Drug Use Policy?
Harry Fox

Given the safety risks involved with many manufacturing jobs, it is a good idea for manufacturers to adopt and consistently enforce a drug and alcohol policy. However, the evolving legal environment — particularly with many states moving toward legalizing marijuana — greatly complicates the process. Alcohol vs. marijuana When marijuana was illegal everywhere, determining how […]

07.01.20

What You Need to Know About the CARES Act and Qualified Improvement Property
Justin L. Sylvan

Earlier this year, the Coronavirus Aid, Relief, and Economic Security (CARES) Act corrected a drafting error related to real estate qualified improvement property (QIP). This retroactive correction, which accelerates the tax depreciation deduction for certain improvements to real estate, is of particular benefit to: Landlords and tenants who make improvements to leased space; restaurant, hotel […]

06.30.20

“My Conference Was Cancelled; Now What?” How to Salvage Missing a Networking Opportunity
Craig Brown

Okay, you planned to go to an industry conference to do some much-needed networking. You had high hopes of meeting new people, securing some leads for exciting work and establishing yourself as a thought leader in the industry. Unfortunately, the Coronavirus got in your way. The conference was cancelled, and you missed out on valuable […]