Knowing that there’s likely a bit of unease out there as a result of the two recent bank failures, we wanted to send a message out to all of you in an effort to ease any concerns that you may have. There are several critical distinctions between the banks that RMI utilizes and the two banks that were just put […]
Practices are constantly looking for ways to better connect with employees. Engaged employees are more loyal, productive, and create a better experience for patients. Besides offering traditional benefits, retirement options, and paid leave, there are some simple engagement tools available that can have a significant outcome for both the practice and the employees. One of the most effective and efficient […]
If you are wondering about the expanded Employee Retention Credit (ERC) that was recently made available through the Consolidated Appropriations Act (CAA), we have the following information to consider.
Distinguished Executive Alumnus of 2020 Award
Kurt Larsen
Utah State University College of Business
Distinguished Executive Alumnus of 2020 Award
Hear from Kurt Larsen, recipient of his year’s Distinguished Executive Alumnus Award. An Aggie, Larsen founded Resource Management Inc. (RMI) in 1992 to help small business owners focus more directly on the production side of their company by outsourcing to RMI […]
As you probably know, on August 8, 2020, the President issued a memorandum related to delaying the employee portion of Social Security payroll taxes. Then, on August, 28, the IRS released Notice 2020-65, found here: https://www.irs.gov/pub/irs-drop/n-20-65.pdf setting forth some guidance on the President’s memorandum. As expected, the Notice announced an optional delay of the due date for […]
We hope that you and your employees continue to be safe and healthy during this trying time. To compliment the regular updates on the different legislation that has been passed to assist businesses (and the PPP loan aspect of those in particular), we wanted to reach out again with some additional, and hopefully helpful, information. RMI has worked […]
For those of you that have secured a PPP loan through your lender, you may have heard that there are now approved regulations affecting the time period and qualifying costs to be eligible for loan forgiveness. Generally, these appear to be more favorable, meaning that more companies should be able to use the PPP funds for the intended […]
As you may have heard, late on Friday, the Small Business Administration and Treasury Department released the application (application and instructions for loan forgiveness) that borrowers will use to seek forgiveness for Paycheck Protection Program (“PPP”) loans, along with detailed instructions for its completion. The 11-page application contains measures that will benefit borrowers, including an […]
RMI knows that you have been inundated recently with information related to both the original federal aid legislation (the Families First Coronavirus Response Act, or the “FFCRA”) and the second major piece of legislation (the Coronavirus Aid, Relief, and Economic Security Act, or the “CARES Act”). RMI has attempted to mitigate the amount of that inundation by limiting […]
We know you have many questions regarding the recently passed CARES Act (“the Act”), specifically, what are the next steps? In an effort to keep information flowing, we will produce a series of updates over the next few days as the administrative rules are published. As usual, please seek advice from your CPA, financial advisor, and/or banker on […]
