July 7, 2020
Published by 
Nicole Vullo on July 7, 2020
Nicole Vullo on July 7, 2020The Small Business Administration on Monday released a redacted data on Paycheck Protection Program that categorizes key recipients and the specific jobs that are covered by the $659 billion program. The data is very specific on the program, which has been federal government’s main relief effort for small businesses. Although detailed, the new data is still not transparent enough. It does not recognize loan amounts; the data is categorized in sections spanning $150,000 to $350,000; $350,000 to $1 million; $1 million to $2 million; $2 million to $5 million; and $5 million to $10 million. The new data also includes loan recipient names, addresses, industry codes, business types and loan amount ranges for loans above $150,000. This data equals almost 14% of PPP loans, according to the SBA. For loans below the $150,000 total, the SBA shared totals by zip code, industry and […]
June 10, 2020
Published by Nicole Vullo on June 10, 2020
Nicole Vullo on June 10, 2020On June 5, 2020, the Paycheck Protection Program Flexibility Act (PPPFA) was signed into law.The new act allows businesses with forgiven PPP loans to postpone Social Security taxes through the end of 2020. Before this new act was signed into law, any loan recipients were required to stop postponing Social Security taxes as soon as any portion of their loan was forgiven. The additional provisions include: Reducing of the percentage of loan funds to be spent on payroll from 75% to 60% Expanding the “covered period” for use of the loan from eight weeks to 24 weeks Expanding the period of time for employers to overturn reductions in employment that took place between February 15 and April 26, 2020 from June 30, 2020 to December 31, 2020 Increasing the loan maturity time period from two years to five years Allowing […]
May 28, 2020
Published by Nicole Vullo on May 28, 2020
Nicole Vullo on May 28, 2020REGISTER TODAY FOR OUR LIVE WEBINAR Thursday, June 4, 202010:00 AM (Arizona/PDT) / 1:00 PM EDT (One Hour) The pandemic has significantly altered consumer attitudes and behaviors in three key areas of the funeral and cemetery business – the buying and shopping process, the necessity of physical presence to support loved ones in their time of need, and the influence of technology on both. These new attitudes and behaviors will change the way funeral and cemetery professionals conduct and grow their business. Don’t be left behind!This according to The Foresight Companies 2020 Funeral and Cemetery Consumer Behavior Study. The pandemic has necessitated consumer use of technology to adapt their behaviors to a business steeped in tradition, and the survey makes clear that these behavior changes are here to stay. For example, 75% of consumers now want pricing online – a practice virtually unheard of today, and […]
May 27, 2020
Published by Nicole Vullo on May 27, 2020
Nicole Vullo on May 27, 2020New survey measures transformations to a historically unchanged industry with lasting implications on buying, celebrations, practices, and physical infrastructure The pandemic has significantly altered consumer attitudes and behaviors in three key areas of the funeral and cemetery business – the buying and shopping process, the necessity of physical presence to support loved ones in their time of need, and the influence of technology on both. This according to The Foresight Companies 2020 Funeral and Cemetery Consumer Behavior Study. The pandemic has necessitated consumer use of technology to adapt their behaviors to a business steeped in tradition, and the survey makes clear that these behavior changes are here to stay. For example, 75% of consumers now want pricing online – a practice virtually unheard of today, and many consumers will not do business with providers who do not deliver transparency. In […]
May 14, 2020
Published by Nicole Vullo on May 14, 2020
Nicole Vullo on May 14, 2020During these uncertain times, many individuals are unsure about how the financial markets will play out and are left not knowing how their personal and business finances will be affected. As part of our Foresight Roosevelt Wealth Management alliance, Roosevelt Investments put together a comprehensive checklist titled, “What Issues Should I Consider During A Recession Or Market Correction?” featuring issues and suggestions to consider in light of recent financial market changes. In general, this checklist can help you navigate and identify which opportunities to look at that may be beneficial to you. To view this checklist, click the button below. As we navigate through these times of uncertainty and adjust to our new normal, we here are at The Foresight Companies want to be your source for all topics related to your business operations. Please visit our COVID-19 Business Operations Resource Center frequently for updates. […]