Podcasts about payroll protection program

The Payroll Protection Program was enacted during the pandemic to provide financial assistance to businesses that were closed, or operating at a reduced capacity. An NPR investigation finds the program was rife with fraud and most of the loans have been forgiven. This episode: White House correspondent Tamara Keith, investigative correspondent Sacha Pfeiffer, and political correspondent Susan Davis.This episode was produced by Elena Moore and Casey Morell. It was edited by Casey Morell. Our executive producer is Muthoni Muturi. Research and fact-checking by Devin Speak.Unlock access to this and other bonus content by supporting The NPR Politics Podcast+. Sign up via Apple Podcasts or at plus.npr.org. Connect:Email the show at nprpolitics@npr.orgJoin the NPR Politics Podcast Facebook Group.Subscribe to the NPR Politics Newsletter.

On today's program, two Florida ministry leaders that we first reported on during the summer have been arrested and charged with defrauding taxpayers out of $8-million in Payroll Protection Program funds. And in Virginia, The Family Foundation, a nonprofit organization that promotes Christian values, was denied service at a restaurant in Richmond, this month on the basis of the group's position on abortion and same-sex marriage.  We'll have the details on both these stories later in the program. We begin today with news that a Presbyterian church in the Chicago area is being investigated for firing an employee when she complained of gender discrimination. I want our listeners to know that this will be our last regular podcast episode of the year.  We'll drop one more episode between Christmas and New Year's – it will be an episode that highlights the top 10 stories of the year. So, since this is our last regular episode, I wanted to say how grateful we are to those of you who are regular listeners to the podcast.  We have nearly doubled our listenership in the past year and given all the podcast options out there, I want you to know that I'm honored that you consider this podcast worth your time each week. If you are a regular listener, and you'd like to see this podcast and the work of MinistryWatch survive and thrive, I'd like to humbly suggest that you make a year-end gift to MinistryWatch.  We are not a mega-ministry, and we don't aspire to become one.  Our budget is less than $500,000 per year, and we are trying to raise $81,000 by the end of this month.  We're about half-way there, which is good, but that also means that we have a long way to go. If you'd like to pitch in to ensure that MinistryWatch remains a viable endeavor, please go to MinistryWatch.com and it the “donate” button at the top of the page. Oh, yes, and one more thing:  I hope you have a Merry Christmas! The producers for today's program are Rich Roszel and Jeff McIntosh.  We get database and other technical support from Stephen DuBarry, Emily Kern, Rod Pitzer, and Casey Sudduth. Writers who contributed to today's program include Kim Roberts, Anne Stych, Jessica Eturralde, Dale Chamberlain, Alejandra Molina, and Christina Darnell. A special thanks to The Christian Chronicle and ChurchLeaders.com for contributing material for this week's podcast. Until next time, may God bless you.  

In this episode we discuss: The IRS is offering a Form 1023-EZ for nonprofits to apply for nonprofit status. Payroll Protection Program funds that were received because of fraud may be taxed as taxable income. New per diem rates have been defined for 2023. Many taxpayers are still waiting for COVID relief funds to arrive via Form 941X. Many businesses that needed relief from these funds are still waiting over nine months after their application. The IRS has big plans for their 80 billion in extra funds. We hear the story of Tre Sorelle Doche, a local ice cream parlor, handcrafted coffee boutique, gourmet stuffed waffle shop, mini golf course and seasonal ice-skating rink.  Its owner, Mike Marasco, tells of his entrepreneurial journey from starting a landscaping company at age 13, to owning a thriving one-of-a-kind establishment right in the heart of Delaware.  He, his wife and daughters have brought a small ice cream stand to what it is today with a lot of love, teamwork and vision.  

On today's program, pro-abortion activists disrupt a church service in Houston.  And we have details of a bizarre story we've reported on previously.  It's the story of a Christian ministry that allegedly defrauded the Payroll Protection Program of millions of dollars. Also, Godly Response to Abuse in the Christian Environment (GRACE), an organization hired by Covenant Fellowship Church to look into the allegations against the church and its former head pastor, Min Joshua Chung, said in a statement that although all that remained in the investigation was a “minimal” number of interviews, primarily with CFC leadership, they had been informed by CFC that the assessment would not continue. Our fiscal year ends on June 30, at the end of this month.  So if you would like to help us get back on track and finish the year strong, just go to MinistryWatch.com and hit the donate button at the top of the page.  And if you give during the month of June, we'll send you a copy of a book I wrote with Christian journalism legend Marvin Olasky called “Prodigal Press:  Confronting The Anti-Christian Bias of the American News Media.” The producers for today's program are Rich Roszel and Jeff McIntosh.  We get database and other technical support from Cathy Goddard, Stephen DuBarry, Emily Kern, Rod Pitzer, and Casey Sudduth.  Writers who contributed to today's program include Donald Kramer, Peter Smith, Brian Melley, Yonat Shimron, Steve Rabey, Kim Roberts, Anne Stych, Bob Smietana, and Christina Darnell. Until next time, may God bless you.

On today's program, pro-abortion activists disrupt a church service in Houston.  And we have details of a bizarre story we've reported on previously.  It's the story of a Christian ministry that allegedly defrauded the Payroll Protection Program of millions of dollars. Also, Godly Response to Abuse in the Christian Environment (GRACE), an organization hired by Covenant Fellowship Church to look into the allegations against the church and its former head pastor, Min Joshua Chung, said in a statement that although all that remained in the investigation was a “minimal” number of interviews, primarily with CFC leadership, they had been informed by CFC that the assessment would not continue. Our fiscal year ends on June 30, at the end of this month.  So if you would like to help us get back on track and finish the year strong, just go to MinistryWatch.com and hit the donate button at the top of the page.  And if you give during the month of June, we'll send you a copy of a book I wrote with Christian journalism legend Marvin Olasky called “Prodigal Press:  Confronting The Anti-Christian Bias of the American News Media.” The producers for today's program are Rich Roszel and Jeff McIntosh.  We get database and other technical support from Cathy Goddard, Stephen DuBarry, Emily Kern, Rod Pitzer, and Casey Sudduth.  Writers who contributed to today's program include Donald Kramer, Peter Smith, Brian Melley, Yonat Shimron, Steve Rabey, Kim Roberts, Anne Stych, Bob Smietana, and Christina Darnell. Until next time, may God bless you.

In this podcast, we discuss sentencing outcomes in Payroll Protection Fraud cases. To read the entire blog, click the link below: https://prisonprofessors.com/ppp-fraud-sentencing-outcomes/

Hello Interactors,It’s hard to miss news about global supply chain woes these days. Between Covid, natural disasters, and strained trade relations with China it seems unlikely we’ll see anything that looks like normal for some time. But companies aren’t waiting to find out. They’re taking matters into their own hands. Or so they think. As interactors, you’re special individuals self-selected to be a part of an evolutionary journey. You’re also members of an attentive community so I welcome your participation.Please leave your comments below or email me directly.Now let’s go…MARIA CANTWELL AND THE CHAIN GANG“There are some people who are saying, ‘Look, what I need is short term because this is never going to happen again,’ ” she said. “Then there are other people who are saying, ‘This is going to happen more often than we think.’ The world is a very different place, and it’s not just the pandemic. It’s natural disasters. It’s the floods down in the South. It’s tornadoes, it’s hurricanes.”These are the words of Ellen Kullman. She’s the CEO of Carbon Inc., a 3-D printing company. She’s also the former CEO of DuPont, sits on the board of directors for Goldman Sachs and Dell, is a member of the National Academy of Engineering, a recognized leader in global science and engineering, and once chaired the US-China Business Council.She knows a thing or two about global supply chains; which have had their fair share of attention recently. As global corporations have pushed their employees to work Harder, Better, Faster, and Stronger. They must appease shareholders demanding perpetual growth, even at the cost to people and the environment. To do so, they rely on other parts of the globe for raw materials and labor – a spatial fix.Covid has taken a 200-year capitalism strategy believed to be immune to disruption and has created a supply chain pandemic. Just as the disease is testing our body’s immune system, it’s also testing the resiliency of networked global supply chains.The onset of the pandemic showed early signs of vulnerability when global corporations were hit by governmental restrictions. Without notice borders around the world were closed, lockdowns prevented employees from working, and no sooner were facemasks recommended did we run out of supply. Dr. Gary Gereffi from Duke’s Global Value Chains Center said,“China accounted for about 60% of U.S. face mask imports prior to the pandemic, but China suspended its exports of face masks worldwide as it dealt with its own outbreak of COVID-19 cases in early 2020.”It wasn’t until late August that the supply gap was filled by U.S. producers.Gereffi was testifying on July 15, 2021, in a hearing chaired by Democratic U.S. Senator Maria Cantwell on “Implementing Supply Chain Resiliency.” The meeting was in reaction to one of Biden’s first executive orders. It launched a 100-day review identifying vulnerabilities in the nation’s supply chains and how to address them.The witnesses in the hearing included Gereffi from academia and five others from government agencies and the business sector. Their testimonies paint an accurate state of the country’s complicated over reliance on the global supply chain. They also had asks of the government that you might expect; more government funding, private-public partnerships, subsidies, or for the government to get out of the way. Or, in the case of Lex Taylor, a confusing mix of all the above.William A. (Lex) Taylor III runs The Taylor Group of Companies, Inc. It was founded in 1927 as Taylor Machine Works in Louisville, Mississippi. Did I mention the ranking member and co-chair seated alongside Cantwell was U.S. Senator Roger Wicker, a Republican from Mississippi?The Taylor Group is now a privately held holding company for Taylor Machine Works (heavy industrial forklifts), Taylor Power Systems (power generators), and Taylor Defense (remanufactured military material).Taylor complained about the lack of resiliency in the global supply chain. He said the Association of Equipment Manufacturers (AEM) had quickly come up with a plan for how to circumvent the Covid caused supply chain conundrums called operation “Floorplan”. It was modelled after what he deemed a “successful Payroll Protection Program the Congress instituted at the Small Business Administration.” A clear nod to a government success story by a devote capitalist.But he claimed operation “Floorplan“ failed “because of the political wrangling and failure of the government to understand the big-picture consequences of letting supply chains falter.” Yet the association seemed ok asking the government to bankroll his “Floorplan” program.He went on about how every private company involved in his vast and deep supply chain began raising their prices to control their limited and dwindling supplies – a tried and true trick of the free-market system. Compounding inflation among suppliers forced him to ultimately raise his prices too; all the while trying to stay afloat. He said, “we have kept our lines running but are facing 30% to 75% price increases either from our vendors or the transportation companies, or a combination of both.”What gouged him the most was unbridled free-market pricing; a practical solution driven by the private sector. At the same time, he wanted federal dollars to fix the problem with a government subsidized “Floorplan.”But while he and his employees benefitted from the government run Payroll Protection Program – and he wished the federal government would have funded his “Floorplan” – he would rather the free-market solve his problems. Even though the free market created the bulk of his financial pain.In his closing remarks he said, “My request is that this committee not act to overcorrect with solutions that may cause unintended consequences. Rather, I encourage you to support the free-market system and allow it to do what it does best and find solutions that are practical and driven by the private sector.” Price gouging is a practical mechanism of the free-market. A solution? Maybe not.BOEING BOEING GONEIn her opening remarks, Maria Cantwell said, “I would say, Senator Wicker, I'm not sure 20 years ago, if we would've had the same hearing.”Twenty years ago Cantwell was in her first year as a U.S. Senator. Amassing independent wealth from her time in the software industry, she threw a lot of her own money into her campaign against the eleven year incumbent, Republican Slade Gorton. Microsoft was her biggest donor, followed by two law firms, and the fourth largest campaign contributor was Boeing.Six months later Boeing sought their own spatial fix and announced they were moving their corporate headquarters to Chicago. By September of 2001, after being headquartered in Seattle since 1916, the Boeing corporate offices fell vacant.Eight years later, in 2009, after the 2008 financial crisis, Boeing applied another spatial fix moving an assembly plant from Washington to South Carolina. North Charleston’s economy had been devastated by the closure of a naval shipyard and the Great Recession. They were experiencing record high unemployment rates. So the state offered Boeing an incentive to move their factory. If Boeing could create 3,800 jobs and invest $750 million over the next seven years, the state would pitch in another $450 million.Boeing had already been dealing with ugly union strikes in Washington. Four of their last seven contract negotiations ended in strikes. Conservatives blamed the machinists while liberals blamed Boeing. Either way, South Carolina was union free. An unorganized labor force is attractive to corporations because they can dictate the terms of pay uncontested. Some states, and nations, will even suppress or ban unions in hopes of attracting businesses to their regions.Frank Larkin of the Association of Machinists and Aerospace Workers said in 2009, “It became clear early on that the company was less interested in making a deal than they were in getting more incentives out of South Carolina…The longer they sat at the table with us, the more South Carolina offered them."Just 2.7% of South Carolina’s labor force is unionized – the lowest in the United States. Since the plant opened in 2011, Boeing has been fighting attempts by employees to unionize. In 2017, 3,000 employees tried and failed to unionize. A year later they succeeded despite Boeing funding a widespread media campaign against it.So, Boeing took them to court. Because litigation slows down unionization, it buys time for Boeing to continue to use their wealth, power, and strength to disrupt the momentum of organizers. It also provides opportunities to fire employees as a way of sending a message to workers.In November of 2018 they fired air force veteran, Richard Mester and two others for failing to report a bird strike on a Boeing engine. Mester had been doing this line of work for 30 years and knows a bird strike when he sees it. The Guardian reported, “He had just bought a house and had two daughters in college when he was terminated.” Mester said, “It was easy to see it was because we were union members…Boeing has no qualms about squashing any possibility of a union down here. Unfortunately we were the result of that.”Despite the dwindling Boeing presence in Washington state, Maria Cantwell did mentioned in her opening remarks, “I can say for me in the state of Washington, aviation supply chain is something we're very proud of. More than 150,000 people work in that supply chain that continue to innovate and create new products…[this] is where the innovation is happening in the supply chain.”She’s referring to an insight offered in a testimony by Richard Aboulafia, the VP of Analysis at the Teal Group in Fairfax, Virginia. Out of the gate he exposed the realities of the aviation supply chain by talking about value, innovation, and vulnerability.He said, “For a typical Boeing jetliner, 80% of the value gets added at the supplier level…When Boeing sells a jetliner…suppliers, collectively, realize more revenue than [Boeing does].”He added, “the innovation that takes place in aviation happens at the supplier level, and not at the prime level. Boeing’s 737 jetliner [has] been in production for around half a century. But the…successful transformation of these aircraft is because of the tremendous innovation that has taken place at the supplier level.”Perhaps this explains why Washington state has not fought to win back the union heavy airplane assembly business. As Microsoft rose in the 90s and Amazon in the 2000s, the area attracted higher paying white collar engineering talent that fed into the aviation supply industry. Washington’s aviation history catalyzed a new industrial trajectory; what evolutionary economists call path dependence.Aboulafia continued, “As with most complex manufactured products, an aircraft production system is only as strong as its weakest link. The supply chain, crucial to industry success, is also its greatest Vulnerability.”China is fully aware of this vulnerability. Aboulafia said, “China, notably, is not a significant source of aircraft components, even from transplant factories. In fact, at the peak level of U.S.-China aerospace trade, the trade balance between the two countries was 17-1 in the U.S.’s favor.”This does not bode well for U.S. aviation suppliers. Aboulafia said, “The only area of serious concern, outside of Covid-19 itself, is China, the biggest single export market (and tied with the US for biggest single market). At the peak level of deliveries to China, 2018, the country took 23% of all jetliner deliveries worldwide. This has fallen precipitously, for both market reasons and due to geopolitical factors. This trade is under threat, due to slowing in-country growth rates, China’s reluctance to recertify Boeing’s 737MAX, and the U.S. Government’s decision to put Western components for China’s ambitious national aircraft programs on a possibly restrictive export list.”Furthermore, Covid put a real dent in the airlines biggest revenue generator – international business travel. It’s forced them to ground planes and halt new orders. And while business is picking up again, the companies bringing supply chains closer to home will be taking fewer overseas business trips to Asia.The Wall Street Journal reported this week that Italian apparel company, Benetton is planning to “cut its Asia-based production by half in the next 12 to 16 months and move the work to countries on the Mediterranean.” It’s an end to a decades old reliance on Asian labor and supply chains that “requires regular visits to make sure manufacturing and materials meet quality standards and some aspects, such as production timing, aren’t under the company’s control overseas.” (1)HOG TIED ON THE SUPPLY SIDEReading and watching the testimonies from Cantwell’s hearing, I couldn’t help notice the yearning for the glory days of the 20th century Fordist era when America dominated manufacturing and supply chains. The Duke professor, Dr. Gereffi, gushed over the reemergence of the furniture and textile industry in North Carolina and how his state excels at efficient pig processing.Lex Taylor sees dollars signs with a “Floorplan” that can build more trucks, generators, and recycled military parts. And while Boeing has all but ceded the airline market to AirBus, Cantwell wants the 150,000 aviation experts in Washington state to at least be supplying parts.Some of these aging, all male except Cantwell, boomers testifying at the hearing are of the age where I can imagine them reminiscing on the golden years of the nationalist “America First” sentiment that Trump tapped into in 2016. Wicker would have turned 16 in 1967, the end of the Fordism era.But there were also testimonies that looked to a Post-Fordist industrial era. IBM’s Dr. Dario Gill talked about their semiconductor lab in New York and how their public-private partnership will produce new chips out of the factory in Malta, New York. Chuck Schumer, Democratic Senator from New York, helped seal that deal with the $110 billion Endless Frontier Act; $10 billion of which goes toward hubs like those in New York. The North Carolina Research Triangle hopes to get on that money as well. Dr. Gereffi talked of how North Carolina’s booming weaving loom know-how could transmogrify from cotton into silicon.The Endless Frontier Act is a bipartisan bill intended to counter China’s semiconductor dominance. But, again, it falls victim to this outdated notion that America can return to our Fordist days. I know I’m over simplifying, but it takes a special combination of hubris and ignorance to believe you can replace 30 years of global supply networks, throughput, and intellectual property with a ‘Made in America’ stamp. Federal funding is needed to remedy our supply chain woes, but chest pounding nationalistic protectionism won’t get us there.The most reasoned testimony in Cantwell’s hearing came from James A. Lewis. He’s a Senior Vice President and Director at the Center for Strategic and International Studies. He said, “Two things broke that global supply chain. The first is the rise of a predatory China that will use any means to displace competitors in its quest for global primacy. The second is the COVID-19 pandemic, which produced an understandable desire in many nations to reduce their dependence on foreign suppliers and instead rely on national capabilities.”He talked about how America got spooked when we realized how much we relied on China for necessary medical supplies. It prompted many in the U.S. to “want to move some critical production back onto their territories.” He’s right.Atlanta home builder PulteGroup got fed up with delays and is building an automated assembly plant in South Carolina. Majestic Steel USA is opening new facilities across the country to avoid impediments in the supply chain. Climate calamities are also forcing companies to rethink supply chains. Paint powerhouse Sherman-Williams got fed up with Hurricane delays at southern ports. They bought a company with sites in Oregon and South Carolina to handle the load.But as Lewis point out, in many ways this is just copying China and may be short sighted. Even the knee jerk reaction from Schumer and the Endless Frontier Act. He said, “This supply chain nationalism is reinforced by growing and powerful competition for technological leadership and by events like the semiconductor shortage.”He continues, “Twentieth century American innovation was national, but today’s innovation base is international, with strong research and commercial links between the United States, Europe, and Asia.” And he rightfully concludes, “A country that cuts itself off from this international innovation system will fall behind.”China has assumed America, and Europe, have been in decline since the end of the Cold War in 1989. They recognized the strategy of the U.S. and our allies was to seek regions to either invade, persuade, or buy. And then, theoretically, establish a Western style democracy to further build out a global supply chain, buy labor, and manufacture and sell goods and services.So they invested heavily in industry within China and then expanded globally investing in 70 countries worldwide in infrastructure. Their One Belt One Road initiative has been building mines, dams, ports, railroads, airports, solar installations and more around the world to control the extraction and flow of resources and capital.It’s like a parasitic super-structure on top of the West’s established global supply chain. It grows their dominance by feeding off of Western consumerism and neoliberal economic policies; all the while continuing to spoon Chinese made goods to the perpetually hungry mouths of American consumers.John A. Lewis concluded his remarks with a stern directive:“The U.S. must respond to China’s hostility, but we can no longer rely on market forces alone to advance the national interest. Defensive actions alone will not suffice. These themes all point to the need for a renewed industrial strategy, but it cannot simply duplicate previous policies because we are now in a world where the private sector leads. This means the task [for America] is to find where government intervention can best support a multinational commercial innovation base.”A renewed industrial strategy is needed, indeed. But, so is a new economic creed that doesn’t breed greed. Subscribe at interplace.io

As a real estate investor or property manager, it's imperative that you have great representation regarding tax considerations. This is true, not only for running our own businesses, but also to provide the best possible advice if you have investment partners or investment property clients for your property management business. The key is planning to successfully and legally reduce tax liability in order to maximize after-tax income.On this episode of Property Management Brainstorm, host Bob Preston is joined by Richard Hart, of Hart & Associates, a tax consulting firm providing guidance and services to property managers and investors. Richard is also a NARPM affiliate for those of us who are members of the National Association of Residential Property  Managers. Richard and Bob explore tax related considerations that all property managers and investors will want to hear.. Topics Covered[2:40] Richard introduces himself, his tax accounting company Hart Associates, and how they can help you protect your hard earned money through legitimate and legal real estate tax planning.[4:25] Reactionary vs. proactive: Richard explains the most common tax mistake he sees from real estate investors and property managers.[7:25] From a tax and legal perspective, what is the best company structure is most favorable for real estate investors and property management companies?[10:15] Many real estate companies received Payroll Protection Program loans during the peak of the Covid-19 pandemic. What is the proper accounting method for showing these loans on your company books once the loan has converted to a grant?[13:10] Bob and Richard discuss the length of time real estate accounting and tax records should be retained in case of audit.[15:05] Richard reviews the process for handling foreign investors who are seeking property management for their USA based real estate investment.[20:45] IRS Forms 1099-misc and 1099-NEC, which one is right for reporting nonemployee income?[22:05] The "2 out of 5" rule of rental properties to claim the tax exemption on capital gains when a property is sold.[25:32] A quick overview of the concept of 1031 Exchange.[29:55] Real estate tax decution fundamentals. [33:10] Richard shares his closing thoughts and how you can reach him to learn more about tax considerations for real estate investors.Connect with Richard Harthttps://www.hartassociate.com/Connect with Bob Prestonhttps://www.ncpropertygroup.combob@ncpropertygroup.comThis episode is always available for listening, sharing, or download at Property Management Brainstorm. Subscribe to Property Management Brainstorm on Apple Podcasts, Google Podcasts, Stitcher, Spotify,  TunedIn,  iHeart Radio and YouTube.

One of the major challenges in scaling digital finance solutions is handling old school paper. Even with all the automation and digitization, documents still need to be processed and in many cases, humans need to be looped in. Sam Bobley is the co-founder and CEO of Ocrolus, which works with firms like BlueVine, Brex, and PayPal to analyze financial documents in any format. Sam joins me on the podcast to talk about the challenges of balancing speed and accuracy in data extraction in fintech and how the Payroll Protection Program really highlighted the leaders in the space based on their ability to scale up quickly. Sam shares his view on what it takes for the financial industry to move beyond paper to a fully automated ecosystem. He also shares some insights on where he thinks the market is headed as well as Ocrolus' product road map. Sam Bobley is my guest today on the Tearsheet Podcast.

Over the past year, Payroll Protection Program loans, or PPP loans for short, have helped businesses keep their workforce employed during the COVID-19 crisis, backed by the U.S. Small Business Administration. Today Randall Wilson of Pario Forensic Accounting Services and Glenn Ricciardelli of MDD Forensic Accountants will discuss how PPP loans intersect with business income issues and projections. The views and opinions expressed in this resource are those of the individual speaker and not necessarily those of the Property & Liability Resource Bureau (PLRB), its membership, or any organization with which the presenter is employed or affiliated. The information, ideas, and opinions are presented as information only and not as legal advice or offers of representation. Listeners should rely on guidance from their companies and counsel as appropriate. © PLRB 2021. 

We will review how synthetics are being utilized to perpetrate pandemic related frauds in the Payroll Protection Program and Unemployment Insurance. An overview of the government programs will take place with the controls that were in place, how they were compromised, by who and what you can do to remediate risk.   Visit https://www.securityweekly.com/scw for all the latest episodes! Show Notes: https://securityweekly.com/scw78

This week, we welcome Steve Lenderman, Director, Strategic Fraud Prevention at ADP, to discuss CARES Act Fraud, Paying People & Fraudsters! We will review how synthetics are being utilized to perpetrate pandemic related frauds in the Payroll Protection Program and Unemployment Insurance. An overview of the government programs will take place with the controls that were in place, how they were compromised, by who and what you can do to remediate risk.   Show Notes: https://securityweekly.com/scw78 Visit https://www.securityweekly.com/scw for all the latest episodes!   Follow us on Twitter: https://www.twitter.com/securityweekly Like us on Facebook: https://www.facebook.com/secweekly

This week, we welcome Steve Lenderman, Director, Strategic Fraud Prevention at ADP, to discuss CARES Act Fraud, Paying People & Fraudsters! We will review how synthetics are being utilized to perpetrate pandemic related frauds in the Payroll Protection Program and Unemployment Insurance. An overview of the government programs will take place with the controls that were in place, how they were compromised, by who and what you can do to remediate risk.   Show Notes: https://securityweekly.com/scw78 Visit https://www.securityweekly.com/scw for all the latest episodes!   Follow us on Twitter: https://www.twitter.com/securityweekly Like us on Facebook: https://www.facebook.com/secweekly

We will review how synthetics are being utilized to perpetrate pandemic related frauds in the Payroll Protection Program and Unemployment Insurance. An overview of the government programs will take place with the controls that were in place, how they were compromised, by who and what you can do to remediate risk.   Visit https://www.securityweekly.com/scw for all the latest episodes! Show Notes: https://securityweekly.com/scw78

In today's Federal Newscast, the Payroll Protection Program, a feature of the 2020 legislation to help the country in the pandemic, has ended.

The economic downturn from COVID-19 has pummeled main street businesses, but the Payroll Protection Program loans of the Cares Act have saved hundreds of thousands of them. On April 3, 2020, the first day of the first round of PPP loans, the number one lender in the country was, surprisingly, Montana’s Stockman Bank.

What are businesses going to do now that the PPP has run out? Dave and Amy talk to Fox's Rachel Sutherland about it, and then a story about a man who says he had to pull his kids out of school because of the pressure to go woke. See omnystudio.com/listener for privacy information.

Irene Li is a hilarious writer on serious issues, which I discovered when she sent me her piece, “8 Totally Achievable Ways to Show Up for Racial Justice… When You’re White and Own an Asian Restaurant!” She’s also the chef of the former restaurant Mei Mei in Boston, which has become a packaged dumpling company, as well as a project manager at Commonwealth Kitchen, where she’s helping Black and Latinx restaurant owners make their businesses work better for them. We discussed how her social justice work influences her cooking, and vice versa, as well as her new job. Listen above, or read below.Alicia: Hi, Irene. Thank you so much for coming on to chat today.Irene: Thanks so much for having me.Alicia: Can you tell me about where you grew up and what you ate?Irene: Yeah.So I grew up here in the city of Boston. And my family is Chinese American. And so, we ate lots of Chinese food at home and also all the other things that a kid can find to eat in Boston. So tons of grilled cheese and pizza and mozzarella sticks. Cheese was a big theme. And we ate kind of more classic Chinese homestyle food for dinner every night, like white rice and stir fry. And it was a while before I figured out that not everybody ate that at home every night. So I definitely remember some sort of consciousness around that developing at some point for me.Alicia: Well, what did that consciousness kind of mean for you?Irene: Well, I think there were the points where I started going over to friends’ houses and realizing that there was not always a rice cooker on the counter but always a microwave. But having a lot of fun with trying different foods, and bringing friends over to try food at my house, I feel like I was really lucky in that the friends who I had were always really interested in eating what was going on in the Lee house. Rice porridge, like shee fun or zhou, is a big feature of my childhood. So if you need to make a big pot of something and you only have a little bit of rice, that's how you do it. And one of my favorite memories is taking the turkey carcass after Thanksgiving, and making a big pot of rice porridge out of that. And I have some great memories of my friends and I just lying on the floor of my house on this really plush rug, because we had just eaten so much rice porridge and we couldn't bear to move. So there was a lot of that. [Laughter.]Alicia: Well, you are now a chef. And you work at your family's restaurant. But you did a lot of other things before you decided to do that. Can you tell us kind of what you did before that and what made you want to get into the family business? Irene: Yeah, so it's actually kind of funny. The family business for my grandparents was owning and operating restaurants. So my paternal grandparents had one restaurant in New York City, and then one in White Plains, New York. But as is the sort of tale of so many immigrant families, they ran a restaurant so that their kids could pursue higher education. And so both my parents are actually doctors. We kind of joke that it skips a generation. But I'm fortunate in that my—where I fall in the sort of generational path is that I had pretty much all the things that I needed when I was growing up, and so I could sort of choose based on my sense of self-actualization to go into restaurants. And so my brother initially had been working in fine dining, and he had this idea to open a food truck. He was watching way too much Food Network, and he's definitely an ideas guy. And so it was his idea for us to open the food truck in 2012, and then we opened the restaurant in 2013. So in a way, it's kind of a full circle around the kind of immigrant restaurant owner story. And prior to opening the food truck, I was really interested in different social justice and food justice issues. I was going to school in upstate New York and getting really interested in farming and the kind of economics of farming, and just going to the market every weekend and buying a vegetable that I had never seen or heard of and then take it home and try to figure out what to do with it. And so all of those things kind of collided when I got the call from my brother.Alicia: And so, how does that prior experience that you had influence how you work in a restaurant? Irene: Well, I think that for a while I thought of food as kind of an escape from the very sort of complicated political and social issues that I was interested in. When I was at Cornell, I worked in a men's maximum security prison facility as a college level course instructor. I was really interested in a lot of issues around the living wage and the One Fair Wage, and cooking on the weekends was kind of how I got away from that. But of course, things came full circle. And the more I got interested in food and the restaurant industry, the more I saw that a lot of these issues that are deeply rooted in our history of slavery in the U.S., in so many of the struggles of different immigrant groups—those are very much present in the restaurant industry to this day. And so I kind of feel I came all the way around this corner. And now that's what's most interesting and exciting to me about the restaurant industry, is addressing those issues.Alicia: And how do you do that? Is it something that manifests only in your writing? Or is it something that really manifests in the day-to-day work in the kitchen and in the restaurant?Irene: So I would say prior to COVID, we were trying to build Mei Mei Restaurant as a model for a fairer form of employment, as a business that really invested in its team. And there were a few different ways that we did that. We had a very, I would say, sort of positive culture overall. No yelling, no throwing things, which is—in a way, it's kind of wild that you have to say that. But of course, we're talking about restaurant kitchens. So we had a staff that was typically majority women-identifying, majority person of color-identifying, and with a very big LGBTQI group as well. And so in a lot of ways, we were able to kind of cultivate this space that for the most part, I hope and believe was safe for many people who may not have felt safe in other parts of the restaurant industry. We also did a lot of work to try to educate our staff and also our guests on how the industry really works, what's sort of going on under the hood. And so in early March of 2020, we hosted this public event where we showed everyone our profit and loss statement for 2019. And we really wanted to just kind of start a conversation about when you buy a $20 plate of pasta, where does that money go? And I think consumers are very narrowly focused on what's on the plate, because it's the most immediate thing. And so that's why you read so many Yelp reviews, where people say, ‘I could have gone to the grocery store and paid $4 and made this myself.’ And yeah, that's the secret of restaurants, is they’re scamming you and food costs are only 20 percent of the menu. And so, that financial transparency is something that we had been practicing internally with the staff for several years. And so, we really wanted to take that conversation kind of on the road and see what people would think about what the kind of realities are in the industry, where the average, independent mom and pop restaurant only clears about 4 to 6 percent profit in an—in a pretty good year. And then of course, days later the pandemic hit, and we were all in even sort of deeper water than we were before.Alicia: And what was the response like to that event from the public?Irene: The event was awesome. We also broadcasted on this thing called Zoom that I had never heard of before. It was wild.We got such a great response, especially from the people who were able to attend in person. They asked tons of questions. And as a speaker, I tend to be a little bit more honest than maybe my partners or team would want me to be. But people asked about my salary. They asked about the ways that I still felt we had to improve. We did a feature with Eater, and that generated a lot of conversation on Facebook. And some of it was not entirely positive, but even that felt great. Yeah, if you think I'm a moron because of what my books say, let's talk about it. You can show me your books, or we can just have a conversation. And all of that felt really generative.Alicia: And so, how did the pandemic kind of change the way you ran the restaurant and the business model? I know that a lot of restaurants that didn't have a tipping model, that had a kind of hospitality-included model and were more transparent around the business side of the restaurant and those tiny profit margins kind of weathered this switch a little bit better simply by the nature of their-how they ran their businesses and by how they—how much money was in the bank, because they knew they had a big payroll anyway.But how did the pandemic kind of come hit your restaurant, and how has it been in the over a year since?Irene: So initially, I will say going back to having two parents who are doctors, we were very conservative about closing down and not asking anyone to come into work. We really did our best to keep people employed as long as we could. So there were some restaurants that laid everyone off in March, and we kept almost all of the team employed through June. And then, we laid off about two thirds of the team at that time. And that is probably one of the worst things I've ever had to do in my life. And at that point, we were kind of looking around and saying, ‘Oh, ok. The pandemic’s not getting better. It's been a couple months. And it's actually getting worse,’ because we're seeing what's happening in other parts of the country that maybe we thought no one would be as hard hit as New York City, for instance. But things looked really bad. And so at that point, we made the decision—I guess I made the decision with the help of my partners and my team—that we weren't going to reopen Mei Mei as a restaurant. And that had to do with a lot of different things, including the timing of our lease, which we felt didn't really allow us the time that we would need to rebuild. And so that, in addition to the fact that there was just so much uncertainty, we decided we were going to take things in a different direction. And so now, we are evolving Mei Mei into a packaged dumpling company. It is a really exciting project. And I have partners now who are going to sort of carry that forward, which has been amazing for me because it's opened up the opportunity for me to work more on supporting other restaurants. So I joined CommonWealth Kitchen, which is a food business incubator here in Boston, as a program manager for an initiative called the Restaurant Resiliency Program. And I work with eight Black and Latinx business owners to strengthen and improve their restaurant businesses. Honestly, it's just my dream job. So much of it is about not teaching them basics or mechanics, but really being there with them and making sure they have the confidence to do what they need to get done. So I just ordered eight kitchen scales. And I'm so excited to visit the restaurant and do some costing and really kind of get up to my elbows with them. And so for me, that really feels like trying to take what I learned from Mei Mei and the mistakes that I made, the mistakes that I could afford to make as someone from a privileged background coming into the restaurant industry, and really trying to pay that forward to support an industry that I hope will be made up of really diverse restaurants run by really interesting people with a lot of different stories. It's funny. At the event last March, I said, ‘If Mei Mei doesn't exist in ten years, that's too bad for me. But if there aren’t any cool independent restaurants to eat at in tneen years, then I'm going to be really pissed.’ And so for me, it's always been more about the industry at large and the restaurants that I want to be able to eat at than my business specifically.Alicia: I mean, we've talked a lot about the government inaction during the pandemic in order to help independent restaurants. What do you think in the future, either from what you've learned, running Mei Mei or now in your new position, to-what could be useful to small business owners in the food industry, from a governmental-from a policy standpoint, really?Irene: Man, where to start? [Laughter.] There's so many different things that could be done. I guess, for me, having access to federal aid and even state aid. Getting assistance to fill out the Payroll Protection Program application. I am college educated, and I could barely get myself through that. So I can't imagine not speaking English as a first language, for example, and trying to wade through all of that. So I think offering the technical support is really key. I think the government, the federal government, learned a big lesson with the Payroll Protection Program in that there are going to be large companies that take advantage of opportunities because they are qualified on paper. So, if you're really looking to help small businesses, then you have to be targeting companies that are posting revenue below a million annually, for example. I have been so moved to be involved in different mutual aid efforts, whether it is a community fridge or a grocery program or just neighbors helping each other navigate government paperwork. And so honestly, it's hard for me to imagine what better government support looks like because this funnel of people just saying, ‘F**k it. We have to figure this out ourselves.’ That has been really exciting to me. I will say, I am really optimistic about the American Rescue Plan. I like the opportunities that are built in there for restaurants. I am very hopeful, cautiously optimistic, that that money will go to the restaurants who really need it. And I think what is exciting about the way that bill is formed is that if you didn't get any PPP money, you can get more money from this plan. So hopefully, that will address some of the barriers that especially immigrant restaurant owners and Black and Latinx restaurant owners are facing.Alicia: And as you're kind of getting into this mode of helping other small business owners not make mistakes, do you have—what are the top three mistakes that people make when they're getting into the restaurant business and making all these decisions?Irene: I think all of it ultimately comes down to how often they're looking at the numbers, and how the numbers are organized. So I mean, I've observed over the years that a lot of small businesses early on, they're not paying attention to the bills necessarily, or they're paying the bills but they're not organizing them. And maybe, every invoice just goes into a shoe box and then at the end of the year you give the shoe box to your accountant and say, ‘Here you go!’But having a profit and loss statement that is organized in a way that actually helps you make decisions, that is a luxury that not all businesses have invested in or have the resources for. Because there's a version of your financials that's just for taxes, and everybody has to have those every year. But there's also a version that provides a readout on how your business is doing that is so valuable. I think restaurant owners are incredibly smart. And their instincts are usually pretty dead-on. But there are a lot of little kind of details and finer points like, ‘Should we close an hour earlier? Should we open on Mondays? Should I take this dish off the menu?’ Those are questions that they can rely on their gut to some extent, but it's not going to get them necessarily to the point where they're really thinking about growing the business if they don't have the data to rely on. And so, I'm so lucky that I had a team that was really invested in getting the financials to the point where they would be useful. We also had a grant from the state of Massachusetts to work with a consulting firm that helped us implement open book management. And I am now at the point where I am so excited to see the profit and loss statement every month, because it's like, ‘Yeah, I want to know how I did.’ I hope that every restaurant owner can experience that excitement, and not just sort of the stress around putting financials together and then trying to read them.Alicia: Yeah, I think that that's probably a problem for a lot of independent workers, speaking for myself as well, is that you don't like to look at the money because you're afraid of looking at it. I've learned so much better to just be aware and kind of go full-on and try and really understand what you're doing. But it's easier said than done. [Laughter.]Irene: One of the other challenges in there that I'm sure applies to a lot of people in different lines of work is that as a business owner, for a long time, I didn't really know what accountants and bookkeepers did. Right? Alicia: Right. Irene: So I didn't really have a way of telling like, ‘Are you doing a good job or not?’ It's kind of when I take my car to the mechanic, right? And I don't know anything about cars, and so I kind of just shrug my shoulders and say like, ‘Ok, yeah, sounds good.’And so, I think some of what we're doing through this program is kind of teaching the restaurant owners how to speak accountant or how to speak bookkeeper and to give them confidence in those relationships. And I think for some of these folks, they do not have the confidence working with professional services to really say like, ‘Hey, this is what I need. This is how I want you to do it.’ And so, they're going with the flow but it's maybe not as useful as it could be.Alicia: Before I ask specifically about a couple of the pieces you've recently published, I wanted to ask what inspired you to start writing about certain issues in the restaurant industry? Do you like writing, or is it more about something that you just feel there are things that need to be said? Irene: Yeah.I will say, I love writing. I am so in awe of anyone who can do it on a schedule, ‘cause I really have to be in the right place with the right idea to produce anything. I did write for the local public radio station WBUR for a few months, and that was great experience just in terms of working with an editor and on deadline and all of that. And I think I figured out that it wasn't for me. But in this case, I usually write when I feel moved to. And usually that is when I feel there's a story that's not being told or a perspective that's not getting shared. So often, it comes from a place of wanting to tip the scales of a conversation, or make sure that things don't get left unsaid. Alicia: And one of those pieces that you wrote is the-a bit of satire called ‘8 Totally Achievable Ways to Show Up for Racial Justice… When You’re White and Own an Asian Restaurant!’ And I wanted to know, how did you arrive and feel inspired to tackle that subject from a satirical angle? I mean, this is a subject that's been written on. This is a subject that is just shockingly persistent in the white dudes owning Asian restaurants. That's very persistent. And so, I mean, I guess the reason you maybe wanted to approach it that way is because it is at this point such a joke and a trope, a cliché.But yeah, what inspired you to go about it that way?Irene: Yeah.Well, one of the things I've said as I've talked a little bit more about the piece is, I've been writing this piece in my head for years. So it didn't come out of nowhere. But I guess it came out of my desire to engage on this topic that typically is not really engaged on. It's more an unstoppable force hits an immovable object, and where he says, ‘Hey, you can't cook that!’ And then that person says, ‘Yes, I can! I can cook whatever I want.’ And then the conversation goes nowhere. And actually, everyone leaves that discussion feeling angry or resentful. And then, I don't think we get anywhere productive out of that. And so, especially in getting involved in the restaurant industry myself, I felt these chefs are—they're not bad people. It's not about whether they're good or bad. And there's actually maybe some really important conversation and exploration that we can do here. And so my goal in writing the piece was, in part, to share my views without alienating anyone. And I don't think that's always necessarily the purpose of writing, but it felt like something that I could do pretty effectively. I went to prep school. And so, I feel I have been educated all my life in how to talk to well-meaning white people about how to be better. [Laughs.] And so I think that, I wanted to write a piece where by the end of it you couldn't really disagree with me. I mean, of course, a lot of people did, which is fine. But I wanted to sort of take the reader by the hand and be like, ‘Ok, let's go look at this thing together.’ And so, I didn't use the phrase cultural appropriation, which I didn’t notice until after I had written it. But I think that I wanted to accept that there is both something very complicated and uncomfortable about this topic. And at the same time, there's a lot of stuff that most of us just agree on, like, ‘Racism is bad, and taking credit for other people's stuff is bad.’ And so, how do you kind of weave those very simple truths in with this very complicated, scary territory? And so my hope was to kind of lead the reader through that space, so that they could come out on the other side feeling not like, ‘Oh, I am now bereft of my purpose. And everything I've created is for not.’ But to make them feel like, ‘Oh, there are some next steps I can take. And I can keep showing up to this conversation and be part of it.’All of that being said, I did get a lot of calls from people who were like, ‘I read your article. It made me think so much. And I'm just wondering, what do you think I should do?’ And, well, I did write a list. So let's start there. And I think that that kind of response is about what I expected, and I think it's totally appropriate for someone who has never really engaged with these ideas to come right to me and say, ‘Help.’ And so, I welcome that. And I am glad that they wanted to call me and talk to me. But it's just so new to some people that even after reading a list of eight things that you can do, the question is like, ‘Wait, what? Sorry, now?’ How? Where do I—’ It's fascinating to watch.Alicia: And as you mentioned, you did not mention, use the phrase cultural appropriation, which I think actually did serve the piece to make it a bit more powerful because you didn't-It was so straightforward. And cultural appropriation, as a phrase and as a concept, I think, has been—it's screwed over as an idea because of the right and the way that the right has taken it and suggested that its meaning is something that it's not. Irene: For sure.Alicia: And that's just ruined it, because no one can say it anymore without being called—I don't know how the right talks. I just know that they like to take phrases and just be like, ‘Look at what they're saying. They're saying you can't cook a—if you're white, you can't make a burrito in your house.’ And it's like, ‘Dude, how dare you? That's not it.’And so, how does that phrase play into your life right now or thinking at all about food?Irene: I guess to me, the phrase invites a lot of argument because it is—it invites opinion and asks for nuance. And sometimes, those two things don't go hand in hand. And so, while part of me wanted to write ‘8 ways for cultural appropriators,’ I felt like, ‘Ok, if I really want to get the attention of the people I'm talking to, let me use phrases and facts that they can't argue with. Are you white, yes or no? Do you own an Asian restaurant, yes or no?’And so yeah, my hope was to kind of get my foot in the door with that, and to not, to try not to make kind of value or moral judgments about them. And to just say, like, ‘Hey, you meet these qualifications so maybe we should talk about this thing.’ And I've had some really great conversations with white folks who own Asian restaurants. And I am hopeful that this conversation goes somewhere. My incredible friend, Tracy Chang, who is a restaurant owner in Cambridge, she said to me, ‘Just make sure they know it's not Monopoly, where you land on Community Chest and the card says like, ‘Ooh, mass shooting! Pay an Asian American organization $500, and then go on your way.’ And so, I think the longer term accountability is another really interesting piece of this that I'm hoping to be able to sort of keep up with.Alicia: You also wrote about Raise The Wage. What is your involvement in that, and why did you decide to get into that?Irene: Yeah.Well, I've been working with the Restaurant Opportunity Center and high-road restaurants, which is their sort of employer-side organization, on the campaign around One Fair Wage. So in both wanting to raise the minimum wage, and abolish the sub-minimum wage, which is what servers are paid if they receive tips. So federally, the sub-minimum wage is $2.13 an hour. And locally in Massachusetts, I believe it's $5.55 an hour. And the piece that we wrote on Medium was from a group of Asian American women, talking about how these laws disproportionately affect women and people of color. And so in a way, there's kind of a similar message, which is like, ‘Do you like racial equity? And do you think that the way people are paid should support racial equity?’ And then, ‘If you do, which I'm sure you do, the only logical conclusion is that we have to change tipping policy in this country.’Of course, it's not that simple. But I think that to me, the motivation for changing the way we do things is so clear. And so, I'm hoping to get more involved in that conversation. Even though I'm not a restaurant employer anymore, I actually feel like maybe I can play a different role in that community and in highlighting this issue.Alicia: Right. And for you, is cooking a political act?Irene: Oh, yeah. I mean, I think cooking is partially political. What really feels political is when I feed other people. So to kind of wrap that in, then I would say definitely. I think that we so undervalue food and everything that goes into it. I think that is deeply tied to the history of slavery in this country, and you know, the way that, that capitalism works now. But I think that, for me, cooking is a way to imbue food with the value of my time of my love and energy. And that you can literally bring people to the table and make them, or ask them to listen, or to experience your perspective. I think that, that's what the magic of food is for me. And working with a lot of immigrant restaurant owners in particular, I think that the storytelling that happens through food is 100 percent political.Alicia: Well, thank you so much.Irene: Thank you. This is a public episode. Get access to private episodes at www.aliciakennedy.news/subscribe

Time is running out to get money from the Payroll Protection Program.  Bruce Gulso, Partner at WSRP, Carl Steffan a Director of WSRP, and Perry Christensen, Manger of Client Accounting Services at WSRP say the Small Business Adminstration is quickly running out of funds to give employers. However, an much overlooked program from the Cares Act, the Employee Retention Credit (ERC) could net you much more money than the PPP.  And the SBA is rolling out a Restaurant Revitalization Program soon. You can follow this show on Instagram and on Facebook. And to see what Heather does when she's not talking money, go to her personal Twitter page. Be sure to email Heather your questions and request topics you'd like her to cover here.   See omnystudio.com/listener for privacy information.

Susan Markey represents clients in general corporate, taxation, and nonprofit matters. She draws from a diverse background in government, accounting, and law to serve as a holistic business advisor, and believes that legal advice should be both easy to understand and practical. Susan assists clients with a wide array of tax issues, including tax controversies, audits, appeals, planning, and structuring, as well as researching tax law, drafting legal appeals, and memoranda. Susan also counsels clients on mergers and acquisitions, business formation, joint ventures, and general corporate matters, while leveraging her tax background to help guide them toward profitable solutions.

In this episode of Data Dialogues, we explain how smart data can help organizations combat the growing digital threat of identity fraud. Aparna Sheth, product leader for Equifax's Identity and Fraud Solutions Group, interviews Cori Shen, who leads a data science team responsible for data and machine learning and AI-driven product innovations to solve identity and fraud challenges. Jump ahead to these highlights:0:40 - Cori's role and team responsibilities0:54 - Consumers shift from digital-first to digital-only business environment1:37 - Fraud has multiplied2:18 - New fraud opportunities emerge during unprecedented economic conditions3:36 - How to use data and analytics to solve fraud4:41 - How smart data works8:40 - Role of digital signals and bureau data10:00 - Explaining graph networks10:58 - How to make the insights actionable and examples14:38 - Our smart data approachPodcast TranscriptionAparna:Welcome to Data Dialogues.  Today, we are discussing how smart data can help organizations fight the evolving challenges of identity fraud. My name is Aparna Sheth. I'm a product leader here at Equifax in our identity and fraud solutions group. And I'm so happy to have Cori Shen here with me, who leads our data science team. Hi, Cori, would you like to share more about what you do?Cori:Sure. Thanks, Aparna. Happy to be here too. And I'm glad that we can discuss this topic together. I'm Cori Shen. I lead our identity and fraud data science team for Equifax.Aparna:Alright. So speaking of identity and fraud, 2020 has been quite a year. COVID accelerated digital transformation across the board. We saw a stark paradigm shift take place last year, where we went from a “digital first” to “digital only” business environment. And this was of course brought on by abrupt shelter in place orders.Cori:That's right, Aparna. I totally agree with you. You know, consumers were forced to do everything online from buying groceries to ordering food. And of course they're doing all their financial transactions online. You know, last year 80% of my groceries were done through a mobile app.Aparna:Oh wow.  Yeah, I know. And we saw during this pandemic that not only did the new fraud schemes emerge, but we also saw the existing types of fraud have multiplied. Right?Cori:That's absolutely true. You probably saw this report coming from the Federal Trade Commission, right?  The report shows they have received about, I think 275,000 fraud complaints last year. And also when we track the fraud trends in our own data, we see that the authorized user abuse risk in 2020 went up by over 23% compared to 2019 and 2018.Aparna:Wow. The other factor, of course, was the unprecedented unemployment rates and economic downturn. And to combat that, as we all know, Congress passed trillion plus dollars of stimulus relief packages to help struggling families and boost the economy. We saw new fraud schemes in March exploiting PPP, which is the Payroll Protection Program, as well as the expanded unemployment insurance program.So as millions of Americans were applying for help, we had these international and national criminal rings that were working relentlessly to steal these funds, using sophisticated methods of identity theft.Cori:That's right, Aparna. You know, with all the relief money that went to the market in 2020, I think it really made fraudsters go all out on it. As a matter of fact, these fraud schemes might be new, but the underlying fraud challenges are the same ones like synthetic ID, the compromised ID, which has been around for years. And I think that's why now more than ever, we need something better in identity and fraud prevention.Aparna:I couldn't agree more. So let's talk about how we can use data and analytics to solve this, right? There is just so much data out there. Not just related to our credit file, but also every digital interaction that we make as individuals. Be it social media or when we shop online. So how do we sort through these billions of interactions and use analytics to really drive those insights that can be used to mitigate against these growing challenges?Cori:This is a great question.  Because if we look at today's digital paradigm, managing big data from multiple sources is no longer a challenge. What matters most is how to make sense of big data and how to intelligently and efficiently assemble multi-source data for the right insights. And we will call it smart data because we want data to talk, and we want data to be able to offer recommendations.Aparna:I love it. Smart data. I mean, it sounds fantastic, right? But it's easier said than done, isn't it? Let's take synthetic identities for example.  We know that many of these have been in the system for a while and they look like legitimate people. Very often their identity information is complete, and it matches to what systems have. As a matter of fact, sometimes they even have a matched social media profile. That's why these fake identities look like real people and can be used to create fake businesses, defraud the system with millions of dollars of PPP or employment claims. Right? So even if we do identity verification matches from multiple sources, we may not be able to catch them. So what should we do?Cori:Ah, what should we do? This is exactly the right question. I totally agree with you. If we're just talking about matching identities from multiple sources, it is not smart data. Smart data has two components: insights and connections. We think a real effective way to build smart data is to connect to the useful insights from a graph network perspective. Let me take synthetic ID detection for example. Here is how you can build.  First, build useful insights from multiple sources. You want to search for the abnormal signals throughout an identity's lifecycle. To do so you will need the consumer activity data from multiple sources and from multiple systems. For example, the consumer applies for credit cards or loans. The consumer checks their credit online. They enroll. We're logging into an online system. They're making payments. They're making purchases from e-commerce sites. All these different data points are consumer activity data.We all know that we cannot listen to what fraudsters say. But we need to watch what they do. Because fraudsters will give you a fake ID and tell you, Hey, everything's good. Everything matched. And I want to borrow $50,000. But when you get the power of the consumer activity data, what you can do is that you can look closely into their activities. And then, you will find out a lot of secrets about them. And here are some examples. All the synthetic ID outliers appear at an early stage. You will see some synthetic IDs apply for mortgages and shop for luxury cars. However, when you look at the activity pattern for a regular legit consumer at the earlier stage, you will often see they only apply for cell phone, apartments, internet service, credit cards.  These types of starter programs. Another example, sometimes synthetic ID can be a very patient game. This means that, you know, fraudsters can wait for a couple years to build their credit history before they take action. However, the interesting thing about their activity is that once they start taking actions, they do it super fast to an extreme extent. So this means that when you explore the trended activities, you see these ideas can be dormant for a while. And then all of sudden you see a huge spike in their activities. These huge spikes are usually something like they are desperately shopping around for money all over the place. For example, they try to get as many credit cards or loans as possible from lots of different institutions. Also, they will act extremely anxiously in monitoring their credit. It's like they're doing this every day while they're shopping for money.Aparna:This is very interesting. Thanks for sharing these secrets on consumer behavior anomalies, and how they can be used in synthetic identity detection. So what about the digital signals and bureau data? I would think they are also very useful in identifying synthetic identities, right?Cori:Digital signals are definitely powerful and critical. Here's another example about synthetic ID to establish and maintain synthetic ID. The fraudsters like to manipulate identities via online channels. They like to change addresses and alter names online or from their mobile phones. At that time, you may see there could be the same device links to many different IDs for name and address change request. You may also see that the IP geo location is far away from the existing addresses they're using and the new addresses they requested. Speaking of bureau data, it is also really helpful when you use them to explore the risk of signals like piggybacking credit using authorized user abuse schemes.Aparna:Ah, I see. So it's, it's really neat to see how we can derive so many different insights to look for anomalies and then use those for synthetic identity detection. So Cori, you earlier, you mentioned that one recommended way to assemble for smart data is to connect these insights in a graph network. I'm aware of link analysis, which is a very effective tool used in fraud review. Can you tell me a little bit more about graph networks? Is it the same tool you use in your lab?Cori:It's a little bit different from visualization. So what I'm saying is that what we do in our innovation lab is not to run one or two graphs. In order to find the true meaning of the connections, we need to build graph networks on very large scale data, like billions of transactions.Aparna:Wow. Building graphs on billions of records. I mean, it's impressive, but there is a lot of information. So how could you make sense of these connections so that the outcome from it can be actionable? You know, versus something that's too abstract and which cannot be easily explained?Cori:This is a really good point because it is very important for our smart data to not only be predictive, but also prescriptive. So because of that, let me explain to you how you can make sense of the connections when we are processing billions of transactions. And then you can come up with the actionable recommendations through our work. So basically this is a machine learning capability. You can build with a graph database on a scalable and distributed system such as Google cloud. So this is what you're gonna do. So first you can link all the identities from billions of transactions based on address, phone number, email and device. So what I mean by linking is for example, a group of family members can be linked and connected to each other, as they might be living in the same place, using the same address. However, two strangers probably cannot be connected directly because there's no reason they will live together or they will use the same email accounts. So by doing this linking, you are connecting the identities. So now you're going to have millions of groups, right? Some groups connect more people and some groups connect less people. So next, you can then assign these synthetic ID insights… the ones we just talked about earlier, remember? The authorized user abuse risk, consumer activity pattern outliers, or the high risk digital signals. You can assign them to the identities in each group. So this way, by connecting the identities, now you're indeed connecting the insights.Aparna:Let me see if I've got this. So the first thing this tool does is link people and tie them together in a group based on some PII, right? And then you layer in the synthetic identity insights that we discussed earlier to detect anomalies, which will possibly indicate synthetic identities? Is that correct?Cori:That is absolutely right. So to put into a more concrete perspective. For example, when you have this connection, and you may find a group with a hundred people in it. And in this group, you can see some strangers are connected to each other, and you can also see some people in this group showing one or multiple synthetic ID risks. Those synthetic ID insights. And now what does that mean to you is that this group is indeed a synthetic ID crime ring.Aparna:Now I can see the whole picture of how we build smart data for this use case. So you derive insights, then you connect those insights to discover a synthetic identity fraud ring. And once we do that, we can take actions, right? We can conduct fraud reviews, we can do step up authentication against these synthetic IDs and stop them from stealing money, right?Cori:That's absolutely right. So this is our smart data approach. We assembled data insights differently for a very effective fraud detection. And moreover the outcome from the connected insights like you just mentioned is indeed actionable.Aparna:Thanks Cori. This really helps me, and I'm sure our listeners as well understand how our smart data strategies can be used to mitigate identity and fraud threats. So to summarize, the amount of digital transactions and data is growing exponentially since the pandemic began last year. So it is really critical we can use this data and assemble it in a way to make the data talk as in smart data to derive actionable insights. And we have seen organizations who have recognized this and have been data-driven and proactive to be very successful in combating identity and fraud challenges for this post pandemic era. Thank you so much, Cori, for discussing this topic with me today. It was a lot of fun.

The government extended benefits, and added funds, to the first Payroll Protection Program rolled out in Spring of 2020.  Susan Speirs, CEO of UACPA and Greg Hyde, partner at Squire have details. They also discuss with host, Heather Kelly, what makes this loan forgiveable under federal rules and if you have to pay state taxes on the funds. You can follow this show on Instagram and on Facebook. And to see what Heather does when she's not talking money, go to her personal Twitter page. Be sure to email Heather your questions and request topics you'd like her to cover here. See omnystudio.com/listener for privacy information.

On "EWTN News Nightly" tonight: President Joe Biden visited a historic hardware store in the nation’s capital Tuesday, discussing with the owners and workers the critical importance of the Payroll Protection Program and how the pandemic has impacted the business. On Capitol Hill, unlike all four previous bipartisan COVID relief packages which passed Congress, the latest relief package does not contain any Hyde Amendment provisions, meaning American tax dollars can be used to fund abortions. Conservatives say Democrats have the votes to pass it. Officials at the Vatican say the trip by Pope Francis to Iraq was, "an important step in promoting fraternity." Cardinal Fernando Filoni, who accompanied Pope Francis to Iraq and is also the Grand Master of the Equestrian Order of the Holy Sepulchre, joins to talk about the highlights of the trip and also how he thinks Pope Francis was received in Iraq. Executive Director of the Catholic News Agency ACI group, Alejandro Bermudez, joins us from Iraq, to discuss how the pope's trip was received and if there are any indications the trip will have a lasting impact, especially on inter-religious dialogue. The Centers for Disease Control and Prevention (CDC) released new guidelines on Monday for people who have been fully vaccinated against COVID-19. Director of the Institute for Autoimmune and Rheumatic Diseases at St. Joseph's Healthcare System and Professor of Medicine at Rutgers and New York Medical College, Dr. Bob Lahita, joins to discuss what he thinks of the new guidelines. Don't miss out on the latest news and analysis from a Catholic perspective. Get EWTN News Nightly delivered to your email: https://ewtn.com/enn

This week, M. Kevin Davis speaks to Brad Mewes from Supplement Advisory, LLC about the challenges surrounding coronavirus government aid packages. Brad talks about navigating all the intricacies and moving parts of the Payroll Protection Program, government tax credits, and other assistance programs in order to help small businesses get the most out of all the different assistance programs in a legal, ethical, and well-documented way. Learn more about how Brad can help you at www.zoombrad.com or send him an email directly at: brad.mewes@supp-co.com ----- To learn more about how Quick Lube Expert can help you build a successful marketing campaign, visit: www.quicklubeexpert.com To learn more about what M. Kevin Davis has to offer, visit: www.mkevindavis.com Sign up for your FREE Discovery Assessment at: www.quicklubeexpert.com/discovery-signup To learn more about Phillips 66 Lubricants and Kendall Motor Oil, visit: www.phillips66lubricants.com, and www.kendallmotoroil.com Find out more about the Phillips 66 Shield High Mileage Booster: www.shieldbooster.com Find out more about the Kendall GT-1 High Mileage Booster: www.kendallhmb.com

We talk today about farmers using the federal Payroll Protection Program put forth as part of coronavirus pandemic relief packages; we also note a sad moment in this day's history. See omnystudio.com/listener for privacy information.

Stephanie speaks with Rep. Katie Porter (D - CA) about her efforts to fight corporate greed, hold big business accountable, and investigate fraud within the Payroll Protection Program. And Rep. Porter opens up about her experience on the day of the Capitol riot. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Learn how simple it is to apply for a PPP loan. Whether it is with Peninsula Credit Union or your personal banker, the PPP should be an option to help your business get through these tough times. Plan properly the PPP proceeds are a grant and not a loan and don't have to be paid back. Check out the simple process here! This program is available through most financial institutions.

This week we dive into the second round of Payroll Protection Program loans and discuss what is different and what has changed from round one.  Then we discuss the Employee Retention Credit that is now available to those businesses who took advantage of the PPP loans.   Our white collar crime story focuses on Joel Steinger and his brothers and their scam with Mutual Benefits.  

In today's podcast we hear from Jason Sleeman from United Community Bank. Jason has 20 years' experience in banking, and the last 6 years running the craft beverage vertical for United Community Bank.The hot topic on everyone's mind is the second round of PPP funding. What do breweries need to know right now to take advantage of this relief package?  How does the NAICS code factor in to the PPP?  In other words, will production breweries who also operate taprooms qualify for a larger loan?  3.5x vs 2.5x of monthly payroll, for example.  What about new breweries that just opened up as the pandemic was starting...will they qualify for relief?  You've got questions, Jason has answers. Key Topics:PPP Round 2...Q&A with the lenderHow to raise funds for a start-up breweryExpansion financing overview...how to fund the new canning lineResources:Contact Jason Sleeman at United Community Bankemail: Jason_Sleeman@ucbi.comphone: 404-375-3945Coronavirus Resource Center from McLane MiddletonDon't forget to sign up for the Free Craft Brewery Financial Training Newsletter

IMPORTANT: Kwame R Brown-What is needed to receive the Payroll Protection Program Funding and How do I avoid the pitfalls. What are the new regulations that must be followed? This and more with Beverly Winstead, legal tax expert and PPP specialist! SHOW MORE

Steve is joined by Financial Advisor and CPA Tim Joseph of the CFN team to discuss the latest information on the federal government’s next iteration of the Payroll Protection Program, known as PPP.  The program directly impacts business owners, but Steve also explains how PPP affects the overall economy and ultimately the wealth of all Americans.  Then, the discussion turns to estate tax planning, capital gains, the gift tax and more. With the Biden economic team undoubtedly seeking changes to our existing tax laws, careful planning is now more important than ever. Steve and Tim discuss several strategies. Listening Time: 33 minutes

Andrew Cortés, Executive Director of the Rhode Island Building Futures program was a featured guest today on AWF Union Podcast. Cortés discussed the Rhode Island Building Futures Program, recruiting women into the construction trades and how an apprenticeship is a viable option to lead to a quality, well paying career. Also featured on the podcast today was Mellissa Chang, a research analyst with Good Jobs First. She discussed the Payroll Protection Program, what another stimulus package may include and how it would help businesses and individuals.

On today’s program, a new development with Ravi Zacharias International Ministries, Christian Finance Guru Dave Ramsey is throwing a big staff Christmas party that is drawing national attention, and in this age of celebrity flame-outs, we highlight the lives of two men who served God and their neighbors quietly and faithfully for decades.  We begin today with an investigation of possible abuses of the Payroll Protection Program. The producers for today’s program are Rich Roszel and Steve Gandy. We get database and other technical support from Cathy Goddard, Stephen DuBarry, and Casey Sudduth.  Writers who contributed to today’s program include Anne Stych, Steve Rabey, Adelle M. Banks, Warren Smith, Christina Darnell, Emily Miller, Bob Smietana, Alejandra Molina, and Roxanne Stone. Thanks to our friends at The NonProfit Times and Religion Unplugged for contributing material to this week’s program. Until next time, may God bless you.

On today's program, a new development with Ravi Zacharias International Ministries, Christian Finance Guru Dave Ramsey is throwing a big staff Christmas party that is drawing national attention, and in this age of celebrity flame-outs, we highlight the lives of two men who served God and their neighbors quietly and faithfully for decades.  We begin today with an investigation of possible abuses of the Payroll Protection Program. The producers for today's program are Rich Roszel and Steve Gandy. We get database and other technical support from Cathy Goddard, Stephen DuBarry, and Casey Sudduth.  Writers who contributed to today's program include Anne Stych, Steve Rabey, Adelle M. Banks, Warren Smith, Christina Darnell, Emily Miller, Bob Smietana, Alejandra Molina, and Roxanne Stone. Thanks to our friends at The NonProfit Times and Religion Unplugged for contributing material to this week's program. Until next time, may God bless you.

Denny Ard provides updates on two new forms required by the Small Business Administration (SBA) for businesses that received a Paycheck Protection Program (PPP) loan over $2 million.

https://youtu.be/kytE32lNCPw Hunt Demarest, CPA Paar-Melis. Hunt is Accredited in Business Valuation and a licensed Certified Public Accountant that has been with the firm since 2006. He specializes in business taxes, valuations, and does consult work with our clients all across the country. When he’s not in the office, Hunt enjoys spending time with his family, golfing, working on and racing his cars. Look for Hunt's other episodes https://remarkableresults.biz/?s=Hunt+Demarest (HERE). Key Talking Points: We are not providing any legal advice. Please check with your banker or accountant. For the forgiveness, the SBA says that OCT 31 is the expiration date for applying for forgiveness. That is wrong. You have 10 months after the end of the 24 week PPP period to do this.If you got your PPP back in May 2020 you have until June of 2021. Clients are starting to process this and within hours banks are accepting. However, the SBA has to accept it. Hunt believes the SBA may just rubber-stamp the forgiveness. Not sure but he believes if the bank is OK with forgiveness so will the SBA but not certain. Submit honestly to your bank Almost every shop has used their PPP load in just payroll alone.You’ll need to submit your payroll report for the 24 week period, that will account for 100% of your loan There are two different forms to useShort-form 3508S, should take you a few minutes to complete EZ Form may take you 10 - 15 minutes Don’t overthink this Tax implicationsThis money is going to be taxable in one-way shape or form Rules keep changing with the government It is not classified as income until it is forgiven He does not recommend moving your forgiveness application until next year as he feels taxes will go up no matter who wins the election. Many things to consider. You must consult your accountant Be careful on deciding what you will do with an EIDL loan you may have. It needs to be paid back.  You must consult your accountant to be compliant on these loans and the tax implications There is no interest associated with the EIDL grant Be sure you have been in contact with your bank and find out their suggestion to get your forgiveness. Your accountant and tax advisor are also key to getting the CARES ACT and PPP put behind you. Resources: A special thanks to Hunt Demarest for his contribution to the aftermarket. Books Page https://my.captivate.fm/books/ (HERE) Listen to all https://remarkableresults.biz/remarkable-results-radio-podcast/ (Remarkable Results Radio), https://remarkableresults.biz/for-the-record/ (For The Record) and https://remarkableresults.biz/town-hall-academy/ (Town Hall Academy) episodes. http://on.fb.me/1OKap9H (Facebook   )http://bit.ly/1Qn68fO (Twitter   )http://bit.ly/1SVqRvh (Linked In   )Email https://remarkableresults.biz/listen/ (Mobile Listening APP's HERE) https://remarkableresults.biz/insider/ (Join the Ecosystem - Subscribe to the INSIDER NEWSLETTER HERE.) https://www.buymeacoffee.com/carm (Buy Carm a Cup of Coffee ) This episode is brought to you by Shop-Ware Shop Management. It’s time to run your business at its fullest potential with the industry’s leading technology. Shop-Ware Shop Management will increase your efficiency with lightning-fast workflows, help your staff capture more sales every day, and create very happy customers who promote your business. Shops running Shop-Ware have More Time and generate More Profit—join them! Schedule a free live demonstration and find out how 30 minutes can transform your shop at https://getshopware.com/ (getshopware.com) This episode is brought to you buy Shop Marketing Pros. Your guides are Kim and Brian Walker with a rich history as shop owners and industry veterans. When someone searches for a shop, who are they finding? Your competitors? It should be you! The good people over at Shop Marketing Pros know how to drive website...

Carey welcomed Jim Purgerson back to the show. Jim is the Chief Lending Officer for Citizens Bank and Trust. The guys talked about managing their way through the bank's end of getting Payroll Protection Program dollars to their clients. They also talked marketing, community involvement, and more.

Vail Valley Partnership President & CEO Chris Romer makes the case for Congressional action to help save small businesses impacted by COVID-19.Some of the best laws passed by Congress in the past decades, on issues like Social Security, taxes, and welfare, were the result of input from and compromise between the two parties. Now is time to put partisan politics aside and find a compromise to help our small businesses.As a founding member of the Save Small Business Coalition, Vail Valley Partnership has been feverishly working behind the scenes to align our objectives to truly have an impact on what happens in Congress to support our business community.Key focus areas include Payroll Protection Program reform, workforce development, business liability protection, and local aid for state & local municipalities.

Jacque' and Jonathan go all in on when to open the economy, the affect of the expiring Payroll Protection Program, and Biden's poll numbers

Stephen Woessner is the founder and CEO of Predictive ROI, a digital marketing agency, and the host of Onward Nation — a top-rated daily podcast for learning how today's top business owners think, act, and achieve. Onward Nation is listened to in 120 countries around the world with over 28,000+ email subscribers. Since the advent of the commercial Internet, Stephen has collected tens of thousands of data points that have given him the ability to identify what he calls the “8 Money Draining Mistakes” and the “8 Money Making Opportunities.” Darren Hardy, then-publisher of SUCCESS Magazine, interviewed Stephen to discuss how business owners can identify and fix the mistakes. Stephen served in the United States Air Force, spent six years at the University of Wisconsin-La Crosse as a full-time academic staff member and taught digital marketing classes to small business owners throughout the state including the prestigious School of Business at UW-Madison, has owned five businesses, and is the author of three books, “The Small Business Owner's Handbook to Search Engine Optimization”, “Increase Online Sales Through Viral Social Networking”, and “Profitable Podcasting.” His digital marketing insights have been featured in Forbes.com, Entrepreneur.com, The Washington Post, and Inc. Magazine. Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: How the Paycheck Protection Program (PPP) loan has changed recently, and what you need to know about the program What further changes Craig anticipates the government making to the PPP loan and forgiveness requirements How the government has created new options for partnership business that could result in those businesses getting still more money How to reach out to Craig if you have any other questions or need clarification on these new changes Why additional money for business partners may not have any cap, starting at around $40,000 for the first partner and going up Why Craig sees the Economic Injury Disaster Loan (EIDL) as “cheap insurance” to help protect against whatever may happen in the near future What changes Craig believes might happen to the EIDL, and why it is taking a while for small businesses to get approved for EIDL How the use of the EIDL funds can potentially increase your business tax liability due to the use of EIDL funds cutting into your tax deductions How many of Craig's clients are operating under business-as-usual with relatively minor changes, with the exception of restaurants which are still struggling How to access Craig's free course “The Five Simple Ways to Save Thousands on Taxes and How Business Owners Can Start Today” How to contact Stephen Woessner: Sell With Authority Book: //amzn.to/39y7x13 Website: //predictiveroi.com/ LinkedIn: www.linkedin.com/in/stephenwoessner/ //www.linkedin.com/company/predictive-roi/ Facebook: //www.facebook.com/PredictiveROI/ Twitter: @stephenwoessner How to contact Craig Cody: Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: //www.linkedin.com/in/craigcodycpa

About Drew McLellan: Drew McLellan has worked in advertising for 30+ years and started his own agency, McLellan Marketing Group in 1995 after a five-year stint at Y&R. He also owns and runs Agency Management Institute (AMI), which offers agency management training, consulting and facilitates agency owner peer networks for small to mid-sized agencies (advertising, digital, marketing, media and PR). The mission of AMI is lofty yet simple — help agency owners increase their AGI, attract better clients and employees, mitigate the risks of being self-employed in such volatile business and best of all — let the agency owner actually enjoy the perks of owning the joint. Drew is still active in his agency as well, which has been around for 23+ years and is still cooking, so much to his parents' relief, it seems to be working out. Drew's often interviewed/quoted and published in Forbes, Entrepreneur Magazine, AdAge, New York Times, Washington Post, AdAge, CNN, BusinessWeek, and many others. The Wall Street Journal calls him “one of 10 bloggers every entrepreneur should read.” Drew is also the host of Build A Better Agency podcast, which is among the top 5% of all podcasts produced and features subject matter experts with a depth of expertise in the agency space. When he's not hanging out with agency owners and their staff, Drew spends time with his daughter and pondering why the Dodgers can't seem to win the World Series. Drew has a Master's Degree from the University of Minnesota but alas, he cannot remember their fight song. About Craig Cody: Craig Cody is a Certified Public Accountant, Certified Tax Coach™, business owner, and the host of The Progressive Dentist Podcast. Prior to his current work, Craig spent seventeen years with the NYPD, where he retired as a Lieutenant in September 2000. Craig is an expert in helping his clients legally reduce their tax liabilities and keep more of their money. Through his podcast, Craig helps dentists grow their practices through smart financial decisions and through financial education of the kind that isn't offered in dental school. What You Will Learn: The PPP relief loan, what we can use it for, and what we can't What we know so far about PPP eligibility for deduction What has changed as a result of the new forgiveness application Where the forgiveness application gives us the clarity that we didn't have clarity before What we can make of the IRS/Congress tussle over the PPP guidelines Strategies we can use to mitigate our tax liability until the HEROES Act is passed How the alternative payroll covered period benefits agency owners How agencies can use PPP funds on expenses other than payroll How we can reimburse agency employees for working from home expenses How to avoid mistakes with your application How to contact Drew McLellan: Email: drew@agencymanagementinstitute.com LinkedIn: www.linkedin.com/in/drewmclellan Website: //agencymanagementinstitute.com/ COVID Resources: COVID Resource Page How to contact Craig Cody: Free Book Giveaway: //craigcodyandcompany.com/AMIcovid/ Website: www.theprogressivedentist.com Twitter: @CraigC2742 LinkedIn: //www.linkedin.com/in/craigcodycpa

Happy Mother's Day from Annex Wealth Management. Dave, Mark, and Derek cover the latest including the new jobless numbers, Payroll Protection Program, and which sectors show promise---and which are threatened.

Current events in the Small Business world as of 4/17/2020 saw the Payroll Protection Program due to the COVID-19 Pandemic impact on business run out of money in just a few days. This leaves millions of small businesses exposed to this challenging time of no customers, no income, and fear for the future of their business. Today we get into the specifics of how to digitize your business in 2020. --- Support this podcast: https://podcasters.spotify.com/pod/show/gritcon/support

In this special bonus episode of Two Chicks Talk'n Biz - Holly and Bree are here to help walk you through some of the frequently asked questions about the new SBA Loan Programs. They will be discussing in detail their experience applying for the Payroll Protection Program as well as talk about the other programs that are being offered. In this episode we reference a few different resources on was from the SBA and their breakdown of the programs being offered which you can find at the link below. https://the-biz-squad.com/resources The other was our free consultation booking system that is now live on our website: https://the-biz-squad.com/free-consultation We are here to help so please remember to rate and review us as well as if you need help submitting your application drop us a line and let's work together to get you your funds soon! Squad Out!

On today's episode of The Millionaire Dentist Podcast, we share with you the advice we're giving to our clients about the Payroll Protection Program (PPP), being offered during the COVID-19 crisis. You'll hear from Four Quadrants Advisory's top financial expert and COO, Brogan Baxter, and Steve Levy, J.D., our lead CPA.Even if you applied for the Payroll Protection Program, changes are happening quickly and often. Listen now to learn time sensitive information on the deadlines bankers have and the next steps available to you during this uncertain time.

2 Trillion Dollars Stimulus Package.Unemployment Benefits.Payroll Protection Program.Gig Economy.International Students andUndocumented Immigrants.This episode is all you need to know about the 'Stimulus Package' government is offering to Americans. We will try to explore some of these questions in today's episode. 

Brent Nelson and Rachel Sass discuss the basics of the Payroll Protection Program, in an Express episode. The Express episodes will cover critical issues we think folks need to know now, and that cannot wait for our regular episode schedule. Enjoy!

In a special audio interview, Carey walks through his experience with the Paycheck Protection Program (PPP). The recent $2.2 trillion stimulus package included $349 billion for small businesses in what is being called the Payroll Protection Program, or PPP for short. As the owner of AST E-Commerce, Carey applied for and was approved for money through the program. He and Brian Haldane sat down to discuss the process, what he had to do in applying for PPP, and what tips or hacks he may have for other small businesses about to go through the same PPP process.

We had the opportunity to get on-screen with Mary Beth Storjohann, CFP® to talk about the Economic Injury Disaster Loan (EIDL) and the Payroll Protection Program, and what these programs can do for therapists in private practice. Information about relief opportunities is changing day-by-day, and some of the information provided here may be out of date already, but we hope this training can provide a helpful overview and some guidance.  This video was recorded on April 3rd at 11am PDT.

The CARES act just opened up a ridiculous amount of working capital for small businesses during this global pandemic. More about these forgivable loans - here: https://hookagency.com/cares-act-ppp/