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Medtech

The Medtech industry is a continuously evolving industry full of innovators, regulators, and others alike. LB Carlson will be your strategic partner throughout your entire process assisting with important daily decisions, designing and implementing new business models, and offering up a whole array of other expert advice that impacts this industry on a daily basis so you can achieve your ultimate goal.

Industry-Specific Services

The seasoned professionals of LB Carlson strive to become an integral part of your management team. You can expect our experienced staff to provide an array of services to help you take your business farther:

Consulting

  • Start-up of companies
  • Merger and acquisitions
  • Preparing for and Sale of business
  • Stock Options/Deferred Compensation
  • Cash Management/Budgeting
  • Financing

Accounting Services Support

  • Day to day activity/monthly/annual
  • Payroll processing
  • Contract controller or CFO services

Valuations

  • Growth/investors
  • Buy sell agreement compliance
  • Litigation support
  • Stock Option value

Attest Services

  • Compilation
  • Review
  • Audit
  • Agreed Upon Procedures

Tax

  • Planning
  • Compliance
  • Representation
  • Research and Development Credits

Related Posts

The Top 10 Questions about the Tax Deadline Extension

It was announced on March 20 that Tax Day would be postponed from April 15 to July 15 to coincide with the delayed tax payment deadline at the direction of President Trump. Treasury Secretary Steven Mnuchin announced the postponement via Twitter, stating that all taxpayers and businesses will have until July 15 to file and make payments without interest or penalties.

Many states are still announcing their response to the deadline. Due to COVID-19, Minnesota is providing additional time until July 15, 2020, for taxpayers to file and pay 2019 Minnesota Individual Income Tax without any penalty and interest.  Minnesota has not extended 2020 first and second quarter taxes. We know you have lots of questions. Below is a summary of the 10 most common questions and the IRS’s response.

CARES Act: Understanding the Paycheck Protection Provision (SBA 7a Loan) Program

The Coronavirus Aid, Relief, and Economic Security (CARES) Act signed into law on March 27 provides $349 billion in funding for the Small Business Administration (SBA) in an effort to provide assistance and relief to America’s small businesses struggling under the weight of COVID-19. The Act included a paycheck protection provision for small businesses by providing additional funding to the SBA for specific areas of need and expanding the SBA’s 7(a) loan program.

Tips and Considerations for Small Businesses Applying for an SBA Disaster Loan

Small businesses are now eligible for up to $2 million in Economic Injury Disaster Loans from the Small Business Administration (SBA). President Trump has called for an additional $50 billion in funding to the SBA’s lending program from Congress. While the $50 billion is not yet approved, the SBA can issue an Economic Injury Disaster Loan declaration, thanks to the Coronavirus Preparedness and Response Supplemental Appropriations Act.

Knowing what to expect before starting the loan process will help prevent unnecessary errors and rework. Completing the application process quickly and accurately will be key as there will be high demand and processing times will likely increase. We’ve put together the following summary of what business owners can expect when applying for an SBA loan.  

What You Need to Know About the Paid Sick and Family Leave Tax Credits

The Families First Coronavirus Response Act (FFCRA) signed on March 18, 2020, made unprecedented expansions to paid sick and family (childcare) leave provisions in light of the challenges for the American workforce due to COVID-19. The expansions to paid sick and family leave cover employers with up to 500 employees, and tax credits are available for up to 100% of qualifying wages paid. Eligible employers are granted a grace period by the DOL to come into compliance with the Act as long as employers act reasonably and in good faith during the grace period.

Financial Relief for Families Tax Credit – What to Expect with Your Check

The distribution of economic impact payments is expected to begin in the next three weeks and be available throughout the rest of 2020. With so much news circulating, it can be difficult to keep tabs on the latest updates. We also recognize it can be challenging to separate the legitimate updates from speculation. Below we have put together a summary of what we know so far about the economic impact payments.