March 2021
New Video Series - SobelCo Insights
SobelCo Insights is a newly launched series of brief, insightful videos addressing important updates and relevant topics that will be released weekly.
Click on the link below is see the videos that were released this month
American Rescue Pan of 2021
Doug Finkle, SobelCo
On March 11, 2021, President Biden signed into law a $1.9 trillion stimulus package entitled "The American Rescue Plan Act of 2021."
What are the Key Components of the Act?
The stimulus package includes funding for COVID-19 specific initiatives, such as:
  • Testing and vaccinations
  • Aid to state and local governments
  • Funding for school re-openings
  • Expanded unemployment insurance of (supplement with the first $10,200 being tax-free for households with income under $150,000) $300 per week until September 6, 2021
  • $25 billion in targeted relief for the restaurant industry as one of the sectors most heavily affected economically by the pandemic. For small and medium-size restaurants and chains, the relief would be a grant that would not need to be repaid if spent on operating expenses (which would include payroll, rent, and personal protection equipment for employees).
  • While normally the discharge of debt would be included in income, this bill specifies that forgiveness for student loans after December 31, 2020, and before January 1, 2026, to be tax-free.
What's New at SobelCo
Look what's new this month at SobelCo




Lessons Learned from the Pandemic: Insights for Manufacturers
Dave Capodanno, SobelCo
It has been almost one year since we first heard the words “pandemic.” During these past twelve months, some industries have been harder hit than others by the crisis that struck in early spring 2020 and then has continued to ravage the global economy ever since.

As you are well-aware, the manufacturing and distribution sector is one that has been impacted significantly by the far-reaching impact of the Covid-19 crisis. It is important to consider the range of challenges that many of these companies, like you, have had to face.

Cash flow projections are the first place to start a critical financial and business conversation.
Webinar Recording
Preparing Your Business Exit Plan
If you missed, want to replay, or share with a colleague the SobelCo webinar from March 4, 2021, please click on the link below.
Upcoming Events
April 15, 2021
Young Professionals Trivia Networking

April 22, 2021
CFO Webinar