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WEBINAR: M&A Due Diligence: What to Expect, How to Plan, and How Due Diligence Impacts Purchase Price

May 6, 2022

Gettry Marcus CPA, P.C. presentedM&A Due Diligence: What to Expect, How to Plan, and How Due Diligence Impacts Purchase Price Thursday, June 16, 2022 | 12:00 p.m. – 1:00 p.m. Join Gettry Marcus CPA, P.C. for a webinar in our continuing M&A Series focusing on M&A Due Diligence.  Lee Ferber, partner-in-charge of the firm’s Business Advisory and M&A Transaction Advisory Service Groups, will guide the discussion on what to expect, how to plan, and best practices to maximize purchase price. Moderator Lee Ferber, CPA, is partner-in-charge of Gettry Marcus’ Business Advisory and M&A Transaction Advisory Service Groups and Co-Chairs the […]

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WEBINAR: The Pandemic’s Impact on Selling Your Business: Valuation Issues, Deal Structuring, and Negotiating Strategies

November 15, 2021

Gettry Marcus CPA, P.C. presented The Pandemic’s Impact on Selling Your Business: Valuation Issues, Deal Structuring, and Negotiating Strategies Thursday, December 9, 2021 | 12:00 p.m. – 1:00 p.m. Join Gettry Marcus CPA, P.C. for the second webinar in our 3-part M&A Series, focusing on the pandemic’s impact on selling your business. Lee Ferber, partner-in-charge of the firm’s Business Advisory and M&A Transaction Advisory Service Groups, will guide the discussion on what to expect, how to plan, and best practices to maximize purchase price.  Moderator Lee Ferber, CPA, is partner-in-charge of Gettry Marcus’ Business Advisory and M&A Transaction Advisory Service […]

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Restaurant Revitalization Fund: Use of Funds Validation

October 13, 2021

The American Rescue Plan Act of 2021 established the Restaurant Revitalization Fund (RRF) to provide much needed funding to restaurants and other eligible businesses that suffered revenue losses as a result of the pandemic. RRF proceeds may be used for specific business expenses as follows: Payroll costs (including sick leave); Payments on any business mortgage obligation; Rent payments; Debt service; Utility payments; Maintenance expenses; Construction of outdoor seating; Supplies, including protective equipment and cleaning materials; Food and beverage expenses (including raw materials); Covered supplier costs, which is an expenditure made by the eligible entity to a supplier of goods for […]

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COVID EIDL LOAN UPDATES

October 8, 2021

At Gettry Marcus CPA, P.C. we continue to stay apprised as to the status and availability of COVID-19 related grant and loan programs. Beginning October 8, 2021, the SBA will begin approving COVID Economic Injury Disaster Loans (“EIDL”) up to $2 million.  The following summarizes certain key facts with respect to the COVID EIDL program: Program Information COVID EIDLs are provided directly from the Small Business Administration (“SBA”), applicants must apply online through an SBA portal; This is a loan program, not a grant program; Interest rates are 3.75% for “for profit” businesses and 2.75% for non-profit businesses; Loan terms could […]

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WEBINAR: Selling Your Business – An Overview of the M&A Process

September 23, 2021

Gettry Marcus CPA, P.C. presented Selling Your Business – An Overview of the M&A Process Thursday, October 21, 2021 | 12:00 p.m. – 1:00 p.m. Join Gettry Marcus CPA, P.C. for the first webinar in our 3 part M&A Series, focusing on the M&A Process. Lee Ferber, partner-in-charge of the firm’s Business Advisory and M&A Transaction Advisory Service Groups, will guide the discussion on what to expect, how to plan, and best practices to maximize purchase price.  Moderator Lee Ferber, CPA, is partner-in-charge of Gettry Marcus’ Business Advisory and M&A Transaction Advisory Service Groups and Co-Chairs the firm’s Health Care […]

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HHS Announces 60-Day Grace Period for Provider Relief Fund Reporting for Period 1 and New Phase 4 – General Distribution

September 14, 2021

HHS Announces 60-Day Grace Period for Reporting Period 1 The September 30, 2021 Reporting Period 1 deadline has not changed. However, in response to challenges providers are facing given the Covid surges and natural disasters around the country, a 60-day Grace Period is in place. This period allows providers to come into compliance with their PRF reporting requirements should they fail to meet the September 30, 2021 deadline. The grace period ends November 30, 2021. For more information, visit Provider Relief Fund Reporting Requirements and Auditing. NEW: Phase 4 – General Distribution On September 29, 2021, health care providers will be able […]

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WEBINAR: Apocalypse Now – Residency During the Pandemic

August 31, 2021

Gettry Marcus CPA, P.C. and Capell Barnett Matalon & Schoenfeld presented Apocalypse Now: Residency During the Pandemic Thursday, September 30, 2021 | 12:00 p.m. – 1:00 p.m. Join Gettry Marcus CPA, P.C. and Capell Barnett Matalon & Schoenfeld for a discussion on New York State/New York City residency audits and telecommuting. If you are moving out of New York, or if you have multiple residences, you are at risk of an audit. We will focus on best practices and planning. Domicile, statutory residency, and the 183-day rule are included.  Program Panelists Dean L. Surkin is a tax director at Gettry […]

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HHS Provider Relief Fund Online Reporting Portal Now Open

July 29, 2021

History, Compliance and Reporting Guidelines History of HHS Provider Relief Fund As part of the CARES Act, the federal government allocated $175 billion in payments to be distributed, through the Provider Relief Fund (“PRF”), to hospitals and healthcare providers on the front lines of the coronavirus response.  Qualified providers of healthcare, services, and support were eligible to receive PRF payments for healthcare-related expenses or lost revenue due to COVID-19.  If providers comply with the terms and conditions of PRF pursuant to “post-payment reporting requirements”, then PRF payments do not need to be repaid to the federal government. With respect to […]

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WEBINAR: Tax Aspects of Selling a Business – Pass-through Entities

July 20, 2021

Gettry Marcus CPA, P.C. presented Tax Aspects of Selling a Business – Pass-through Entities Wednesday, August 25, 2021 | 12:00 p.m. – 1:00 p.m. Join Gettry Marcus CPA, P.C. for our upcoming discussion exploring the tax consequences and strategies for structuring sales of a business, or interest in a business operated as a partnership, LLC, or S corporation. This discussion will offer information on matters such as: Asset vs. Entity Sales  Asset Category Allocations  Options for Buying Out a Partner or Shareholder  The Transaction Process from Negotiations to Closing Program Panelists Dean L. Surkin, JD, LLM, is a tax director […]

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SBA Announces Guidelines on Restaurant Revitalization Fund (“RRF”)

April 21, 2021

At Gettry Marcus CPA, P.C. we continue to stay up to date on the recent developments regarding the relief efforts put forth by Congress with respect to the COVID-19 pandemic. This past March, the SBA announced a new relief fund called the Restaurant Revitalization Fund program (“RRF” or the “Program”).  The RRF is a $28.6 billion dollar grant that provides funding for hard hit restaurants and bars. This fund is a component of the American Rescue Plan Act, which is a $1.9 trillion stimulus package signed into law by President Biden. This past Saturday, April 17, 2021 the SBA published a Program […]

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