Helping our business clients move forward toward recovery and growth

As a source of information and guidance for your business, the industry experts at Abdo, Eick & Meyers are here for you. We’re researching the latest legislation, local news, and relevant updates around COVID-19 to help businesses navigate this unprecedented time.
 
Contact your AEM advisor to discuss your specific situation. We are here to help.

Latest Updates

  • Key Highlights – Paycheck Protection Program (PPP) Loan Forgiveness Application (Article) — [ Posted 5/21/2020 ] To help you gauge how the latest PPP guidance could impact your business, our team at Abdo, Eick and Meyers has summarized key provisions of the newly published application and instructions. In this article, you’ll find highlights of the loan application and some clarification on areas that guidance was previously lacking. 
  • Paycheck Protection Program (PPP) Loan Forgiveness Application (PDF) — [ Posted 5/18/2020 ] The SBA has released the PPP Loan Forgiveness Application. This application includes detailed instructions for calculating loan forgiveness and sheds light on a number of areas where guidance was previously lacking. Looking for guidance in calculating your loan forgiveness or have questions pertaining to your organizations situation? We can help – reach out to us today.

AEM Recovery Plan | Helping you plan for the road ahead

During these never-before-seen times, organizations are forced to navigate a multitude of unfamiliar challenges and the question on everyone’s mind is “where do we go from here?” Knowing this, we’ve developed a toolkit to assess your immediate and long-term challenges, potential risks, and cash-flow requirements. 

The AEM Recovery Plan is designed to help you in three important ways:

Paycheck Protection Program Toolkit

Maximize your forgiveness by tracking your Paycheck Protection Program (PPP) loan expenditures to determine what qualifies for forgiveness.
Learn More

Cash Flow
Projection Toolkit

Project your current and future cash flow, so you can plan your recovery. 
Learn More

Human Resources Toolkit

Manage delicate human resources challenges related to the FFCRA and the CARES Act with the support of our experienced HR professionals. 
Learn More

Resource Library

Key Highlights – Paycheck Protection Program (PPP) Loan Forgiveness Application (Article) — [ Posted 5/21/2020 ] To help you gauge how the latest PPP guidance could impact your business, our team at Abdo, Eick and Meyers has summarized key provisions of the newly published application and instructions. In this article, you’ll find highlights of the loan application and some clarification on areas that guidance was previously lacking. 

Paycheck Protection Program (PPP) Loan Forgiveness Application (PDF) — [ Posted 5/18/2020 ] The SBA has released the PPP Loan Forgiveness Application. This application includes detailed instructions for calculating loan forgiveness and sheds light on a number of areas where guidance was previously lacking. Looking for guidance in calculating your loan forgiveness or have questions pertaining to your organizations situation? We can help – reach out to us today.

Paycheck Protection Program (PPP) Additional Guidance (PDF) — [ Posted 5/8/2020 ] On April 28, 2020, the U.S. Small Business Administration (SBA) updated its Frequently Asked Questions (FAQs), outlining key compliance concerns. Paycheck Protection Program (PPP) borrowers will face heightened scrutiny concerning their eligibility and use of funds. The date for repayment of any uncertified PPP loan amounts, originally May 7, 2020, has been extended to May 14, 2020. The SBA also states that additional guidance on how it will review certification of PPP loans will be provided prior to the new deadline.

Coronavirus Emergency Loans – Small Business Guide and Checklist (PDF) — [Posted 4/28/2020 ] Provided by the U.S. Chamber of Commerce

AEM CARES Act Decision Flowchart (PDF) — [ Posted 4/1/2020 ] Gain insight into which loan program may be best for your business as we walk you through the decision making process with this helpful flowchart.  Please note: you’ll first need to ensure that you qualify for the loan programs before making a final decision.

CARES Act – Paycheck Protection Program (PDF) — [ Posted 4/1/2020 ] Administered by the Small Business Administration (SBA), the purpose of the PPP is to keep American workers paid and employed by providing businesses with forgivable loans to offset immediate and direct costs related to closures and staffing reductions due to the COVID-19 pandemic.

EIDL & PPP Comparison Chart (PDF) — [ Posted 4/1/2020 ] A comprehensive comparison of the Economic Injury Disaster Loan (EIDL) program and the Paycheck Protection Program (PPP) including details regarding qualification requirements, maximum loan thresholds, and more.

CARES Act – Financing During COVID-19 (PDF) — [ Posted 4/1/2020 ] Across the country, unique situations call for unique solutions for business financing. Potential financing solutions that may be applicable to your business are highlighted below.

CARES Act – Business Tax Provisions (PDF) — [ Posted 3/31/2020 ] In this document you’ll find a summary of the Coronavirus Aid, Relief and Economic Security (CARES) Act and how it could impact your business. The information below is accurate as of the date of this post.

FFCRA & CARES Act  |  Updated Information for Employers (Podcast) — Listen in for a comprehensive overview of what you need to know now as an employer regarding the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

COVID-19 Employer Payroll Loan & Tax Credit Opportunities (PDF) — An overview of the COVID-19 payroll loan and tax credit options

COVID-19 Related Payroll Tax Credits (PDF) — Identifying How to Calculate and Apply for Credits & Refunds

COVID-19 Related Employee Work Leave (PDF) — Identifying When and How to Pay Employees

Informative FAQ about #stayathome (External Link)– The Office of Governor Tim Walz & Lt. Governor Peggy Flanagan have published an informative FAQ

U.S. Department of Labor Q&A (External Link) — Families First Coronavirus Response Act

Guidance on the Essential Critical Infrastructure Workforce (External Link) — published by the CISA

Families First Coronavirus Response Act  |  How to Prepare for Implementation (Podcast) —  Tips to help you ensure a successful implementation of the FFCRA for your HR department and a smooth experience for your employees requesting leave.

Department of Labor publishes guidance explaining leave under the Families First Coronavirus Response Act (External Link) — Takes effect on April 1, 2020

Required notification on employee rights (PDF) — this is a required notice for all employers with 500 or less employees. Must be posted or electronically distributed by April 1, 2020

Minnesota unemployment links: General, Owners, and Employees 

CARES Act – Federal and State Filing Updates (PDF) — [ Posted 3/31/2020 ] We are constantly monitoring changes with Federal and State tax relief from COVID-19. The information in this document is accurate as of the date of this post.  

Informative Links for You:

Hear from Industry Experts

Stay informed! Hear from our industry experts as they navigate the unknowns in our Beyond the Mic podcasts.

FOR INFORMATIONAL PURPOSES ONLY. The content presented within our resource center and in our recordings is for informational purposes only. The thoughts and ideas expressed in the content and within the recordings do not constitute professional advice. This information should not be relied upon by you or any third party, including to maintain regulatory compliance with federal or state laws, conduct the human resources or payroll functions of your organization, operate or promote your organization, obtain any regulatory or governmental approvals, or otherwise be used in connection with procuring services or other benefits from any entity. Before taking any action, please consult with a professional advisor.