20 Questions with Milt Stevenson, Jr. from New York’s Anoplate
Click here for Finishing and Coating’s article about Anoplate’s Milt Stevenson, Jr.
Click here for Finishing and Coating’s article about Anoplate’s Milt Stevenson, Jr.
Our Manufacturing committee invites you to join us as we virtually tour Control ElectroPolishing. This is an opportunity to go inside and see how yet another Queens manufacturer operates.
Here’s a little about the organization: Control ElectroPolishing is a metal finishing shop that provides Electropolishing; Pickling & Passivating of medical device components to the surgical and medical industries.
Our main focus is to improve the lives of people throughout the United States and the rest of the world. We have a commitment to excellent quality with a fast turnaround. Our most valuable resources are our employees; we encourage them to improve their skills and compensate them by dividing our profits with them.
Mark your calendars, Tuesday, November 10, 1:00-2:00 p.m., register and click this link to join us:
https://us02web.zoom.us/j/87597409543?pwd=QWx4bllVTy85bExNZGFKR09qNUR0dz09
Passcode: 093498
Or iPhone one-tap :
US: +19292056099,,87597409543#,,,,,,0#,,093498# or +13126266799,,87597409543#,,,,,,0#,,093498#
Or Telephone:
Dial(for higher quality, dial a number based on your current location):
US: +1 929 205 6099 or +1 312 626 6799 or +1 301 715 8592 or +1 669 900 6833 or +1 253 215 8782 or +1 346 248 7799
Webinar ID: 875 9740 9543
Passcode: 093498
International numbers available: https://us02web.zoom.us/u/kdFfKwr6YN
Finishing and Coating wrote a wonderful article about Control Electropolishing. Click here to read the entire article.
Click here for the full article about Marc.
The NYSIF Safety Group for the Masters’ Association of Metal Finishers was founded in 1989 and has historically offered 22% dividends (averaged over the past 10 years).
Benefits
Who is Eligible?
Your company may be eligible if you fall under the following class codes:
How Can I Get Started?
To get started, we will ask you to provide:
New Ventures are acceptable.
Contact Sandra Porpora today for a quote:
Phone: 716-675-2100 ext. 170
Email: SPorpora@aeblyandassociates.com
Aebly & Associates Insurance Services acquires NYSIF Brokerage business including Group 90 Clients and Safety Groups from Sedgwick
BUFFALO, NY July 17, 2020 – Aebly & Associates Insurance Services, a full-service insurance broker and third-party benefits and payroll administrator, has agreed to purchase the NYSIF Brokerage business including Group 90 Clients and Safety Groups from Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions. The transaction closed on July 6, 2020.
Aebly continues growing business operations despite a down economy. Aebly has grown organically and through acquisition of insurance firms with roots going back to 1913. The acquisition will result in a new office location with employees in Long Island, NY and positions the company for future growth.
Aebly and Associates has been approved by the NYSIF as a Safety Group Manager and will manage various Safety Groups previously managed by Sedgwick/York that was acquired by Sedgwick in 2019/RMPG.
Julius Aebly, President, says of the acquisition, “We are thrilled with the new opportunity and expansion of services this provides, and we are pleased to retain all employees critical to the ongoing successful operation of the Safety Groups. Our top-notch Claims Specialists have decades of experience and will continue to provide exemplary services in a seamless fashion to our clients and their brokers. We look forward to working with our new clients and their brokers and providing the same level of professional services they have become accustomed to while offering additional services to brokers to help them round out offerings and compete in a very competitive marketplace,” Aebly says.
About Aebly & Associates Insurance Services, Inc.
Located in Buffalo, New York, Aebly & Associates Insurance Services, Inc. is a well-established insurance firm serving clients in consulting, brokerage, risk management and administration services, and was purchased by Julius Aebly, Jr. in 2008. Aebly & Associates is a full-service insurance broker and Third-Party Benefits and Payroll Administrator, also handling Retirement Plans, Commercial Insurance, Employee Benefits, Captives and Personal Lines Insurance. Aebly works with select brokers in NY offering additional value-add services that complement their offerings to their clients.
Congratulations MAMF Treasurer – Jeff Lawrence on being named as one of Products Finishing 2020 40 under 40.
Please click here for the article.
The Paycheck Protection Program Flexibility Act Was signed into law. Below are some of the highlights:
PPP Loan Forgiveness Update
The U.S. Senate passed the House version of Paycheck Protection Program (PPP) legislation Wednesday night, tripling the time allotted for small businesses and other PPP loan recipients to spend the funds and still qualify for forgiveness of the loans.
The bill passed in a unanimous voice vote hours after Wisconsin Sen. Ron Johnson raised concerns that initially blocked the package.
Among the key provisions is a change in the threshold for the amount of PPP funds required to be spent on payroll costs to qualify for forgiveness to 60% of the loan amount.
The Senate approval sends the House bill to the White House for signature.
The vote had to be unanimous because the Senate is not officially in session. That meant that any senator could force the matter to be delayed until the Senate returned to Washington with enough members for a quorum and a vote.
Leaders from both parties in the Senate pushed to pass the legislation on Wednesday as the clock on the initial eight-week window recently expired for the first recipients of PPP loans. Johnson dropped his objections after Senate leader Mitch McConnell agreed to add a letter to the Congressional Record clarifying that June 30 remains the deadline for applying to receive a PPP loan. The bill moves the June 30 deadline for spending the PPP funds to Dec. 31 to accommodate the new 24-week window.
Following is a summary of the legislation’s main points compiled by the American Institute for Certified Public Accountants (thank you to AICPA for this update):
Did you miss yesterday’s NASF PPP Webinar?
Congress “Fixing” PPP Loan Forgiveness
Update and Outlook
The video recording for today’s session can be found by clicking here.
NASF OSHA Webinar
Tuesday, June 9 @11: 00 – 12 noon ET.
OSHA’s Just Released Enforcement Guidelines and What They Mean For You
Kate McMahon and Aaron Gelb, Partners, Conn Maciel, Washington DC
Click here for the Registration Link
Follow Up Questions from Today’s PPP Session – Presenter Tom Sullivan’s Response
First: Yes, transportation costs have been included as “nonpayroll costs” that can be included in the “utilities” section affording forgiveness for PPP loan proceeds. There are lots of articles written about what “transportation costs” mean. The easiest answer is whether such an expense could be part of an auto deduction on an IRS tax return.
Second: Can employer contributions towards HS A’s be part of PPP loan? SBA and Treasury have not specifically provided guidance on this issue. The general sense is that, “yes” HS A contributions are allowable and attributable towards the “payroll” definition that includes healthcare expenses. Most advice punts to the discretion of the lender who will be working with the borrower to submit the forgiveness application after 8-week covered period.
Third: Is there a deadline for borrowers to submit the forgiveness application? A: No. Once a borrower submits the application to the lender, that lender has 60 days to submit its recommendation for forgiveness to SBA. SBA then has 90 days to respond.
Fourth: Are contributions to SEP IRA’s part of “payroll?” A: While there has not been guidance issued particular to SEP IRA’s it is thought that generally “retirement benefits” are included in the definition of payroll. Please note: Generally speaking, the spending of PPP proceeds should be as consistent with normal operational spending in the borrower’s previous year. Efforts to bolster or front-end payments to allow a short term fix for a borrower to get a higher percentage of their loan forgiven are not advisable. Alternatively, if a small business employer regularly contributes to health care and retirements and continues to do so during the 8-week period, there should be confidence that those contributions will be considered as “payroll.”
Fifth: Forgiveness: The small business forgiveness guide can be found at:
https://www.uschamber.com/report/guide-ppp-loan-forgiveness
A “Forgiveness in 15 Min” tutorial is available on YouTube at: https://youtu.be/qUxFUvVjU0s.
For additional resources from the Association of Certified Public Accountants click here.