News (All)

Business Unusual: Real Estate Development Reimagined with Guest Jim Coughlan, Principal & Co-Founder of TRITEC

Posted: June 9th, 2020

June 9, 2020 – Episode 4 of Business Unusual Weekly Recovery Webinar with Joe Campolo and Peter Klein. In this episode, they welcomed Jim Coughlan, Principal and Co-Founder of TRITEC Real Estate Company. This episode focused on the real estate development sector – a key piece of Long Island’s previously booming economy. Now that the COVID pandemic has changed how we work, live, and play, how will the real estate development sector respond to changing needs?

Webinar: Paycheck Protection Program Flexibility Act featuring Christine Malafi

Posted: June 9th, 2020

Event Date: June 16th, 2020

On June 16, 2020 from 10:00 – 11:00 a.m., join Gettry Marcus, CPA, P.C. and CMM’s Christine Malafi for Part 3 of the webinar series on the recently passed Paycheck Protection Program Flexibility Act (“PPPFA”). The PPPFA greatly increases the likelihood of loan forgiveness.

This webinar will address PPPFA’s impact on earlier provisions of the PPP loan program, including the following:
• An increase in the Covered Period from 8 to 24 weeks, but no later than December 31, 2020.
• During the period February 15, 2020 to December 31, 2020, loan forgiveness will be exempt from a reduction in the number of FTE’s pursuant to additional PPPFA guidelines.
• To receive loan forgiveness, a borrower now must use at least 60% of the PPP loan amount for payroll costs and may use up to 40% for non-payroll costs (with possible “cliff” provisions).
• PPP loan terms can now generally range from 2 to 5 years, with the possibility of a longer 10-year term.
• PPP loan borrowers are now eligible for the CARES Act payroll tax deferral.
• Planning Tools
• SBA and Treasury Department Guidance
• Q&A

PROGRAM PANELISTS:

  • Lee Ferber, CPA, Partner at Gettry Marcus CPA, P.C.
  • Christine Malafi, Esq., Senior Partner at Campolo, Middleton & McCormick, LLP
  • Nicholas Backmann, CPA, Supervisor at Gettry Marcus CPA, P.C.

Register soon as we expect this webinar to close out!

CMM Strategies Presents Business Unusual: Infrastructure Investment

Posted: June 8th, 2020

Event Date: June 16th, 2020

Business owners: don’t miss our next “Business Unusual” webinar as Joe Campolo and Peter Klein discuss Long Island business recovery, the markets, and strategies to move forward productively. They will also welcome Rich Humann, President & CEO of H2M architects + engineers, to address infrastructure investment.

Investing in infrastructure is often viewed as the fastest way to boost economic growth by stimulating job creation and helping a battered economy recover. But COVID-19 has turned old rules and accepted wisdom on its head. Is infrastructure spending feasible and worthwhile in today’s new normal? Join us for a critical discussion about which projects are happening, which are paused, and which have been axed. We’ll address how stimulus dollars are being used, whether infrastructure spending can fill tax voids in the middle of a pandemic, and whether we can grow our way out of this crisis by investing in infrastructure.

Q&A is a critical piece of each episode, so bring your questions.

Date: Tuesday, June 16
Time: 11:30 a.m.

Have questions for our speakers? Submit now to Lauren at lkanter@cmmllp.com or via the Q&A feature during the webinar.

CMM Strategies Presents Business Unusual: Nonprofits & Business Associations

Posted: June 3rd, 2020

Event Date: June 23rd, 2020

Our reality is anything but business as usual. Join business leaders Joe Campolo and Peter Klein for our next webinar as they discuss Long Island business recovery and the markets. They will also welcome John Miller, President & CEO of Guide Dog Foundation and America’s VetDogs, and Terri Alessi-Miceli, President & CEO of HIA-LI, to discuss how nonprofits and business associations are moving forward.

Part of what sets Long Island apart is its vibrant nonprofit community and chambers of commerce. Over the past few months, the work of these organizations has become more important than ever. Join us to hear from Terri Alessi-Miceli about the critical role that 501(c)(6) business organizations, such as HIA-LI, will have in our economic recovery. John Miller, as head of national nonprofits, will address the challenges of operating on a national scale among a patchwork of differing state rules. We’ll also focus on the unique relationship between the business and nonprofit communities on Long Island and what we can expect to see as galas go virtual and nonprofits work to stretch their dollars.

Q&A is a critical piece of each episode, so bring your questions!

Date: Tuesday, June 23
Time: 11:30 a.m.

Have questions for our speakers? Submit now to Lauren at lkanter@cmmllp.com or via the Q&A feature during the webinar.

Campolo Moderates Discussion with County Executive Bellone

Posted: June 2nd, 2020

Event Date: June 17th, 2020

HIA-LI Presents: Critical Updates to Help Businesses Through the Coronavirus

Wednesday, June 17, 2020

10:30 a.m. – 11:30 a.m.

Zoom Webinar – space is limited to the first 100 registrants

The program is complimentary, but registration is required. Register here.

To submit your questions for the speakers prior to the webinar, email lkanter@cmmllp.com.

Malafi shares M&A Insights on Panel of XPX Long Island – “PeopleCo Manufacturing” Case Study

Posted: June 2nd, 2020

Event Date: June 12th, 2020

As XPX closes out their Long Island Chapter for the 2019/2020 session they will circle back to their case study and finalize considerations for the family and business. You can expect to learn:

* The journey to closing from an investment banking process

* How to get the right results from negotiating strategies

* Due diligence preparation and pitfalls – war stories

*What legal documents mean and the important role they play

DATE: June 12, 2020

TIME: 8:20 AM – 9:30 AM

PLEASE LOG IN EARLY TO BE READY FOR 8:30 START TIME


SPEAKERS:

Christine MalafiSenior Partner – Campolo, Middleton & McCormick, LLP

Gregg SchorChief Executive Officer – Protegrity Advisors

Jeffrey L. Bass, M.A., M.P.A. – Executive Strategies Group LLC

Jeff Stern, Principal – Eagle Business Solutions


About XPX Long Island

XPX is all about collaboration, learning and building relationships to serve our clients. XPX members are professional service providers who assist with business value growth, exit and succession planning, business value transfer, and business owner life and legacy. Assisting business owners through all stages of the company life cycle, XPX members put their clients first by collaborating as a team in order to provide clear, coordinated advice.

CMM Strategies Presents Business Unusual: Real Estate Development Reimagined

Posted: May 29th, 2020

Event Date: June 9th, 2020

Our new world is far from business as usual. Join business leaders Joe Campolo and Peter Klein for our next business recovery webinar as they welcome Jim Coughlan, Principal and Co-Founder of TRITEC Real Estate Company.

This episode will focus on the real estate development sector – a key piece of Long Island’s previously booming economy. Now that the COVID pandemic has changed how we work, live, and play, how will the real estate development sector respond to changing needs?

Social distancing, businesses struggling to pay rent, changing workplaces, and former commuters seeking local spaces are all part of our new reality. Real estate development on Long Island must be repurposed and reimagined in response. We look forward to a critical discussion that will empower business owners to confidently examine their workplaces and move forward.

Q&A is a critical piece of each episode, so bring your questions.

Date: Tuesday, June 9

Time: 11:30 a.m.

Liability for COVID: Exposure for New York Employers?

Posted: May 27th, 2020

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As the business world gradually starts to reopen, I have heard from some business owners concerned about their exposure to lawsuits from employees who say they were exposed to the virus while at work. What is an employer’s liability in these circumstances? Every situation is unique. But if employers are following the recommendations of the CDC and state and federal agencies with respect to social distancing and workplace safety, the burden would shift to the employee to prove that he or she was exposed at work – a high burden. Read on for what this means for employers.

We all should act responsibly by wearing and requiring masks/face coverings, providing reasonable additional protections to employees (which is really business-specific depending on the nature of your workplace), limiting headcount in businesses of both employees and clientele, and watching that employees and customers alike observe social distancing protocols. Businesses must be smart, follow the guidelines, and use common sense to protect employees, who have been through a lot during the shutdown.

In New York, employees are limited to filing claims for worker’s compensation benefits as opposed to commencing a lawsuit against their employer (unless the employer does not have worker’s compensation insurance in place – but that is not the norm). Therefore, the threat of a viable COVID lawsuit against an employer is very low. If proper protocols are established and followed, employers should feel confident that they will limit their exposure to lawsuits, worker’s compensation claims, and any claims/complaints filed with government agencies once they re-open. 

Regarding worker’s compensation claims, many employers feel that the system in New York is skewed in favor of employees. But one thing to think about is that the employee who is exposed to and/or contracts the virus would need to be able to establish that he/she was exposed while at work. You may recall Governor Cuomo’s report a few weeks ago that about 66% of new COVID cases were people “sheltering in place” as opposed to essential workers who were potentially exposing themselves to the virus on a daily basis. Even if an employee (or client for that matter) were diagnosed, it’s extraordinarily difficult to establish that the person contracted it while at work as opposed to somewhere else.

This pandemic has challenged business owners like never before. As soon as you’re permitted, open your doors and get back to work.  When you do, protect yourself, your business, your employees, and clientele by following common sense guidelines and protocols. Be smart, be safe, and get back to business wisely. 

For guidance on the protocols and safety measures your business must implement, please contact us.

This article is for informational purposes only and you should not take or refrain from taking any actions based on the content of this article.