The Victorian Government has this week invited Expressions of Interest (EOIs) for the delivery of 13 new schools under the $223 million New Schools Public Private Partnership (PPP) project. The PPP will see the selected consortium finance, design and construct 13 new schools and maintain them over a 25 year period. The schools will be built in two tranches, with the first tranche opening to students in 2017 and the second in 2018. The Victorian Government will retain responsibility for teaching and curriculum, with the Government stating that the structure will allow teaching staff to focus wholly on educational outcomes.

Small businesses could soon see a rollback of several universally loathed measures attached to the original Paycheck Protection Program, the $669 billion loan and grant initiative aimed at helping small businesses keep employees on the payroll.

When the House convenes next Wednesday, it is expected to vote on the Paycheck Protection Flexibility Act, a standalone bill that would, among other things, lengthen the time businesses may spend the funds from their PPP loans. The bill would also eliminate the requirement that 75 percent of a loan's proceeds must be spent on employee pay and benefits. The measure was originally proposed on May 15 in the House by representatives Dean Phillips (D., Minn.) and Chip Roy (R., Texas).  

A small, overlooked federal agency is shouldering a massive relief effort for the nation's small businesses and their workers left reeling by the novel coronavirus. The U.S. Small Business Administration has committed to auditing every sizable emergency loan it approves, yet nearly two months since the $660 billion Paycheck Protection Program was launched, the agency has yet to make public the recipients of taxpayer aid.

For some of the smallest businesses that applied for forgivable loans through the Paycheck Protection Program, waiting just a few days or weeks would’ve gotten them thousands of dollars more.

But they had no way of knowing what was coming.

The Biden administration in late February announced a slew of changes to the loan program, which offered forgivable loans in return for keeping employees on a company’s payroll, after it reopened in January with $284 billion in funding. Those amendments included an adjusted loan formula that would mean larger amounts for sole proprietors as well as expanded eligibility for small business owners with certain criminal records, were delinquent on student loan debt or were non-citizens.

Millions of businesses across the country are struggling, yet many are not taking the latest version of government aid: a second round of Paycheck Protection Program (PPP) loans. This is not happening because businesses are better off than they were last year; it is because the PPP still contains structural blockers that are stopping businesses from obtaining the aid they urgently need.

A recent survey by the Federal Reserve Bank found that 30% of U.S. small businesses — totaling 9 million — fear they will not make it through 2021 without more government assistance. And yet, many are not applying for aid. The Small Business Administration (SBA) reports that seven weeks after round two of PPP began, nearly half the funds remain, and only 31% of 2020 PPP loans have been forgiven to date.

Heavy police presence and CCTV monitoring ensure security in Rahim Yar Khan's by-election.

PPP candidate secures 116,429 votes; PTI candidate receives 58,251 votes

[Domestic] :
The prosecution has sought a pretrial detention warrant for Myung Tae-kyun, a self-proclaimed political consultant, and former ruling People Power Party(PPP) lawmaker Kim Young-sun, as part of its probe into a 2022 political funding case. The Changwon District Court said it received such a request from ...

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Physicists at the U.S. Department of Energy's (DOE) Princeton Plasma Physics Laboratory (PPPL) have successfully tested a new device that will lead to a better understanding of the interactions between ultrahot plasma contained within fusion facilities and the materials inside those facilities. The measurement tool, known as the Materials Analysis Particle Probe (MAPP), was built by a consortium that includes Princeton University and the University of Illinois at Urbana-Champaign (U. of I.).

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"If you are a healthcare manager-especially one who works for a nursing home, and you know your employer received a Paycheck Protection Program-PPP loan-call us at 866-714-6466 if you are certain your employer did not use the money on payroll."

The Corporate Whistleblowwer Center says, "If your bank-employer was involved in bigger Paycheck Protection Program Loans in 2020-2021 and there was no due diligence on the loans, give us a call at 866-714-6466 to discuss whistleblower rewards."

The Corporate Whistleblower Center considers Paycheck Protection Program-PPP loan fraud involving nursing homes, long term care facilities and some healthcare companies to be some of the worst instances of misuse of taxpayer money in US history.

The Corporate Whistleblower Center is urging a manager at a nursing home-skilled nursing facility or healthcare company that received a COVID PPP loan-to call them at 866-714-6466 if at least 60% of the loan was not used on payroll. Get rewarded.

"If you worked as a RN, manager or a staff member at a nursing home-long term care facility in 2020-2021 please give us a call at 866-714-6466-if your workplace was extremely short staffed. We will know if they received a PPP loan. Get rewarded!"

As an aside from my usual topics about using computers for language education, recently I am involved in a teacher training programme and would like to share an article I am working on to assist new teachers to plan a lesson.

As part of the course, trainees need to present evaluation lessons using a grammar based syllabus prepared with PPP.

I hope this will be interesting to other teacher trainers and helpful to trainees, and I would like to hear your comments and criticisms.

Sabri Demirel has just been appointed new managing director of Romaco North America. He succeeds Charles Ravalli, who retired in April 2019. 

The expansion will allow other national laboratories to join PPPL in supporting the growth of the next generation of innovators and technicians.

ADB recently launched the Georgia Public–Private Partnership (PPP) Monitor. Helen Steward, Principal Markets Development Advisory Specialist in ADB’s Office of Markets Development and Public–Private Partnerships, explains what the PPP Monitor is all about.

As a landlocked country, Uzbekistan’s roads carried 1.24 billion tons, or 90.6% of all freight, in 2020 (rail 5.2%, pipelines 4.2%).

As of now, the State has 22 government medical colleges in 22 districts while 11 others have no government medical colleges; the PPP model however has been criticised by some experts

ISLAMABAD: The Pakistan People’s Party has made mandatory for all senators, MNAs leaving for Parliament to be tested for COVID-19 for the upcoming sessions of National Assembly and Senate...

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The Treasury Department issued additional guidance (#43 on FAQ) on the Paycheck Protection Program. The Treasury department postponed the Safe Harbor repayment deadline to May 14, 2020, as requested by NECA.

Tracking expenses is an important part of maximizing PPP loan forgiveness. Once you identify which expenses are eligible for PPP forgiveness, it’s time to start keeping track of these expenses and calculate your potential forgiveness amount. The Anders CARES Act Research and Response Team put together tracking tools you can use to make it easier...

The post Paycheck Protection Program (PPP) Loan Forgiveness Calculators appeared first on Anders CPA.

Download our recorded webinar to hear from the Anders CARES Act Research and Response Team on the details of PPP loan forgiveness and the newest stimulus package update, including: Loan forgiveness calculations based on current guidelines How to maximize your loan forgiveness Loan forgiveness for self employed individuals Updates on the various stimulus programs based...

The post RECORDED WEBINAR: PPP Loan Forgiveness and Stimulus Updates appeared first on Anders CPA.

On April 30, 2020, the IRS issued guidance to change one of the key benefits related to the tax treatment of the Paycheck Protection Program (PPP) loan program. This benefit is that loan proceeds which are forgiven under the program are nontaxable income to the business. With other types of loans, loan forgiveness results in taxable...

The post IRS Provides Guidance on Expenses Funded by PPP Loan Proceeds appeared first on Anders CPA.

1. Congress Passes Legislation to Increase Funding for PPP

On April 23, 2020, the House passed, in a 388 to 5 vote, the Senate Amendment to H.R. 266 – Paycheck Protection Program and Health Care Enhancement Act. This legislation reauthorizes the Paycheck Protection Program (PPP), which was passed in the Senate by unanimous consent on April 21, 2020. NECA advocated for additional funding and are confident that this amendment will continue to help NECA contractors keep their employees on payroll during this crisis.

NECA’s Look Ahead: The NECA-supported bill is expected to be signed into law by the President immediately. A detailed section by section summary can be found here. NECA has also compiled some FAQs on this loan program. NECA is continuing to work with congressional leaders on upcoming Phases of COVID-19 response bills. A major Phase IV bill is expected sometime in May.

2. NECA Weighs in on Main Street Lending Program

A group of congressional allies sent a letter to Treasury Secretary Steven Mnuchin and Vice Chairman for Supervision of Federal Reserve Board of Governors, Randal Quarles, requesting the inclusion of S corporations, LLCs, and partnerships in utilizing the Main Street lending facilities announced by Treasury and the Federal Reserve. 

NECA’s Look Ahead: The letter was organized in response to a coalition letter, which NECA supported, to Rep. Warren Davidson (R-Texas) on the issue. NECA will update its members once we have received a formal response from the Department of the Treasury.

3. Register Today for the Upcoming Government Affairs Webinar

On May 5, 2020 at 2PM ET, NECA’s Government Affairs team will brief participants on NECA’s requests for Congress in the Phase IV coronavirus response legislation, then participants can take action and send a letter to their Member of Congress requesting help for the electrical construction industry to remain viable during this crisis. Participants will also hear messages from key Members of Congress on the current legislative response to the coronavirus pandemic. 

Register Today! 

One of the biggest areas of CARES Act that benefits businesses is the Paycheck Protection Program (PPP). With big benefits, comes many questions around one detail specifically: loan forgiveness.
Which loan expenses are forgivable?
According to the CARES Act, if… Read More

The post Using PPP Loan Proceeds to Maximize Loan Forgiveness appeared first on Anders CPAs.

President Trump recently signed a new coronavirus relief bill into law that will help replenish the depleted Paycheck Protection Program (PPP), among other initiatives. Below are the details of the relief package.
Details of the New Bill
The new relief… Read More

The post New $484 Billion Stimulus Package Replenishes PPP and Offers Relief for Hospitals and Businesses appeared first on Anders CPAs.

Tracking expenses is an important part of maximizing PPP loan forgiveness. Once you identify which expenses are eligible for PPP forgiveness, it’s time to start keeping track of these expenses and calculate your potential forgiveness amount. The Anders CARES Act… Read More

The post Paycheck Protection Program (PPP) Loan Forgiveness Calculator appeared first on Anders CPAs.

Small businesses should have better access to PPP funding after new protections put in place by Treasury Sec. Steve Mnuchin.

New solution is quickly deployed, providing a no-touch digital lending process

WASHINGTON — The Small Business Administration did not direct private lenders to prioritize minority and women-owned businesses as Congress intended when they started implementing a $669 billion loan program under the CARES Act, a federal watchdog concluded in a report released Friday. The findings from the SBA Office of the Inspector General add to growing […]

DENVER (AP) — At least 70 percent of U.S. Olympic sports organizations have applied for government funds during the coronavirus pandemic, a stark financial reality that underscores the frailties within the world’s most dominant Olympic sports system. The Associated Press surveyed 44 of the country’s national governing bodies (NGBs) — the organizations charged with operating […]

WIth the funds for the PPP depleted as of today, as we hope for another tranche of the same amount or more to be approved by the government,  here are some of the issues I have had to address with small businesses I deal with and some of the recommendations I am making to those...

Matt Egan is back on hosting duties this week to break down the demise of the Samsung Galaxy Note 7 with producer Chris. Then staff writer at PC Advisor Lewis Painter comes on to talk about the Playstation VR release, games and pricing and compares it to the flagging Oculus Rift and HTC Vive (13:00). Finally, Scott Carey, online editor at Computerworld UK reports back from the biggest tech conference in the world, Dreamforce, chats about Salesforce's rumoured bid for Twitter and tries to make CRM interesting (25:00).  

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Public-Private Partnerships have become an effective way for Government to raise finances for large infrastructural projects, especially considering the current situation of most public coffers. Business Agenda speaks to Tomasz Korczynski about how ...

Amendments to the recently passed draft PPP law have been approved by Jordan's Lower House Investment Committee (the “Committee”). The Committee has amended articles in the draft PPP law by removing the obligation on the Governme...

Code of Conduct for Operational PFI/PPPs HM Treasury recently published a brand new PFI/PPP code of conduct (the ‘Code’) which is aimed at delivering savings in operational PPP contracts. What has been introduced? ...

Following close consultation with IFI's including the IFC, World Bank and EBRD, Tunisia has launched a review process to aid with the structuring and implementation of new PPP projects. Eversheds Sutherland was privileged to have been spec...

PESHAWAR: The Pakistan People’s Party and the representatives of medical organisations of Khyber Pakhtunkhwa have demanded an end to the privatisation of healthcare facilities in the province and provision of automated coronavirus testing machines to medical staff. The demand was made...

PESHAWAR: The Pakistan People’s Party and the representatives of medical organisations of Khyber Pakhtunkhwa have demanded an end to the privatisation of healthcare facilities in the province...

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A well-structured law on private-public partnerships is a key opportunity to upgrade Viet Nam’s infrastructure.

Một bộ luật cấu trúc tốt về đầu tư theo hình thức quan hệ đối tác công-tư là cơ hội chính để nâng cấp cơ sở hạ tầng ở Việt Nam.

This video outlines some of the benefits of Public-Private Partnerships (PPP) and the typical roles and activities assigned to various sector participants.

A publicly traded San Jose video data storage company with a market value of almost $171 million is one of five companies that were ordered Friday to return loans they received through the U.S. Small Business Administration’s Paycheck Protection Program.

Gustavo Manuel speaks about killing of soldier in London, business with India and football.

CNBC Make It spoke to female entrepreneurs about the impact today's pandemic is having on their companies as they fight for federal funding, pivot business operations and manage child-care.

The second round of the Paycheck Protection Program launched last Monday and has so far provided over 2 million loans worth over $175 billion out of the total $310 billion Congress authorized in the latest relief package.

Daniel Tannebaum of Oliver Wyman discusses the liability issues companies who participate in the Paycheck Protection Program face, and how the government should continue to refine the legislation.