• 27 Jul 2021 5:06 AM | Lindsay McCabe

    Please take a look at events from our friends at other BAB Chapters:


    UK and US Insolvency Issues  
    Wednesday, July 28, 2021
    11:00 AM - 12:00 PM EST
    The event is focused on the status of insolvency in the US and UK.  Covid has greatly impacted certain industries and insolvency has been a topic of focus since the beginning of the pandemic.  However, actual insolvency issues have developed quite differently than expected in many markets.  This panel will be a combined group of US and UK insolvency practitioners sharing experiences and expectations for the near future.

    Summer Senses Series 2021 - With Golf Coach Hank Haney  
    July 28, 2021
    3:00 PM 
    Golf coach to the stars Hank Haney will share his tips on how to better utilize touch in your short game. Hank has taught over 200 PGA Tour professionals, including Tiger Woods and Mark O’Meara so get ready to ask him your golf questions!


    "Survive & Thrive": A conversation with Stuart R. Broadley, FEI & CEO EIC, and Kirsty McCormack, SVP Market Insights bp 

    Tuesday, July 28, 2021
    11:00 AM - 12:00 PM CST /  12:00 - 1:00 PM EST

    In a wide-ranging discussion with the executive author of the report and interviewer of all 61 participant companies, Stuart Broadley will highlight the top growth strategies currently deployed in the sector, including collaboration, culture, digital, diversification, energy transition, export, innovation, optimisation, service & solutions, technology, transformation, sustainability, scale up and resilience.


    Funded Support to Tackle Recruitment Challenges 

    July 29, 2021

    12:00 - 1:00 PM UTC  /  7:00 - 8:00 AM EST
    Are you trying to recruit but struggling to find candidates with the right training and experience? Would you like the opportunity to build a bespoke recruitment programme but don’t have the time or resources? Is your business facing retention challenges? Answer yes to one or more of these and a Sector Based Academy Programme could help. Join BMet College, West Midlands Combined Authority and Sigma Financial to find out more about how this government funded recruitment model could help your business.
  • 22 Jul 2021 4:06 AM | Lindsay McCabe

    Today, BritishAmerican Business is proud to announce the launch of the latest edition of its bi-annual Trade and Investment Guide to the U.S.

    Updated for 2021/22, BAB's Trade and Investment Guide for the U.S. is a key resource for ambitious companies to find practical advice, guidance and insight when expanding and growing within the transatlantic corridor.

    Whether it be on the taxes you can expect and how you can file them, to the types of visas you may need to move workers across the Atlantic, or great places to do business, this Guide features insights, advice, sources, case studies, initiatives, and relevant contacts from government, business bodies, service providers, and economic development agencies; all of which can be useful in helping you hit the ground running as your business grows internationally.

    This year's Guide is a must-read for any business looking across the Atlantic to expand The U.S. offers fantastic opportunities for growth for businesses of all sizes, whether you wish to export your goods or services, or set up a physical base, this Guide can serve as your one-stop-shop for advice to help get you started.

    We hope you enjoy reading it, and look forward to hearing your transatlantic story soon! #GoTransatlantic

    Use the links below to read the publication online.

    Click Here to Read Finding Your Way - The Trade and Investment Guide to the U.S.

    Printable Version

  • 13 Jul 2021 9:39 AM | Lindsay McCabe


    PNAA 1st Annual Aerospace Technical Conference 

    Tuesday July 13, 2021
    8:00AM - 5:00 PM PST

    As aerospace begins to rebound, we have created this one-day in-person conference to dive deeply into the technical aspects of aerospace manufacturing and the upcoming technologies that can transform your production system to meet the needs and demands of the future, keeping you relevant and competitive.  


    CUSBA & AmCham Toronto Present: USMCA/CUSMA/T-MEC at One Year 
    Tuesday, July 13, 2021
    1:00 - 2:30 PM EST


    Trading with EU Partners - Ireland 

    July 14, 2021

    10:00 - 11:00 AM BST  /  5:00 - 6:00 AM EST


    Webinar from EY - What are the challenges and opportunities of eDiscovery automation 
    July 14, 2021
    10:00 - 11:00 AM CST  /  11:00 AM - 12:00 PM EST  


    Fintech Trends of the Future 

    July 14, 2021

    8:00 - 9:30 AM PST  /  11:00 AM - 12:00 PM EST

  • 12 Jul 2021 9:34 AM | Lindsay McCabe


    A new survey published today by BritishAmerican Business and Bain & Company finds that business confidence is high for US companies in the UK, but future confidence may largely depend on the UK’s relationship with the EU.

    LONDON – July,12, 2021 – Today, BritishAmerican Business and Bain & Company launched the inaugural Transatlantic Confidence Index. The Index measures the confidence of US companies active in the UK, including their views on investing in UK operations over the next two to three years and in the overall health of the UK’s relationship with both the US and the EU.

    BritishAmerican Business and Bain & Company surveyed 68 large cap American companies representing a combined 3,500 years of business experience and employing more than 275,000 individuals across every region of the UK.


  • 09 Jul 2021 9:00 AM | Lindsay McCabe

    BAB Statement on Reports of Global Tax Plan to Allow UK to De-Apply Digital Services Tax

    9 July 2021
    Contact: Dominic Parker, Communications & Media Manager | 020 7290 9882 | +44 7500 115352

    London/New York – In response to today’s report that G20 finance ministers are preparing to approve a global tax plan that would allow for the UK to de-apply the Digital Services Tax (DST), BAB’s Director for Policy & Trade, Emanuel Adam, said:

    “If what the reporting suggests is true, we would very much welcome that. Since the UK first discussed the introduction of a Digital Services Tax, BAB has argued that the issue would be best addressed through a multilateral solution that guarantees a high level of consistency across markets (see BAB’s White Paper here).

    It would be timely to have a solution to be found at this time given the threat of U.S. punitive tariffs on UK products, whose introduction is currently paused. As we always said and continue to say, punitive tariffs don’t make good trade policy. Agreements between governments to solve a global issue does.”

  • 08 Jul 2021 8:37 AM | Lindsay McCabe

    BAB Statement on Quarantine-Free Travel to the UK for Fully Vaccinated Travellers from Amber List Countries

    8 July 2021
    Contact: Dominic Parker, Communications & Media Manager | 020 7290 9882 | +44 7500 115352

    London/New York – In response to the news that fully vaccinated passengers returning from amber list countries to the UK won’t have to quarantine after 19 July, BritishAmerican Business published the following statement:

    “This is a step in the right direction and we welcome the UK Government’s decision to remove quarantine requirements for fully vaccinated residents returning to the UK from amber list countries.

    “We do note, however, that U.S. residents, whether they are citizens or British residents who were vaccinated in the U.S., would not be able to take advantage of the change from the 19th of July. This once again highlights the need for our travel-related certificates to be mutually recognised and interoperable.

    “We strongly support the Government’s stated ambition to extend the approach to all vaccinated passengers from the U.S. later this summer. We will continue to work with both the U.S. and UK Governments to find ways to safely reopen our travel corridor which currently remains effectively closed for business on both sides.”

  • 10 May 2021 3:17 PM | Lindsay McCabe

    Please take a look at all of these fabulous events from our friends at other BAB Chapters:


    The Future of Everything Festival 

    May 11-13, 2021

    9:00 AM EST - 5:00 PM EST

    Join The Wall Street Journal’s Future Of Everything Festival from May 11-13, 2021 online. You’ll hear from the most revolutionary minds in business, technology, culture and more to explore the ideas forming what comes next, and get a first look at the seismic shifts happening in how we live, work and play. Hear from speakers like Ray Dalio, Gabrielle Union, Bill Ackman, Rachael Ray, Dwyane Wade and more. BAB is proud to be a media partner for the Future of Everything Festival.

    Trade and Geopolitics in 2021 and Beyond: from Fish to Chips

    Wednesday, May 12, 2021
    2:00 – 3:00 PM BST  / 9:00 – 10:00 AM EST

    A New ESG Era: Impacts & Trends in 2021  

    May 13, 2021

    11:00 AM – 12:00 PM EST


    Update from PHL and Hub Carrier, American Airlines 
    Wednesday, May 12, 2021
    2:30 – 4:00 PM EST



    Scottish Chambers Virtual Trade Mission to NC  

    May 18, 2021 & May 19, 2021
    10:00 AM - 12:00 PM EST

    This trade mission aims to promote business opportunities in North Carolina for Scottish companies, as well as to provide a platform for valuable business and cultural connections to be established between Scotland and NC.


    Complying with DoD Cybersecurity Requirements – Where to Start  
    Tuesday, May 18, 2021

    9:00 AM - 12:00 PM PST  /  12:00 - 3:00 PM EST


    I am vaccinated. Now, may I travel? And to where? And where will I stay? 
    Tuesday, May 18, 2021 

    2:00 - 3:00 PM EST


    Buying, Selling or Not So Sure? Transaction Service Basics for Business Owners - Session 2: The Art of the Deal   

    May 20, 2021

    11:00 AM - 12:00 PM EST
    Clayton & McKervey will be hosting a 4-part transaction series with the Michigan Manufacturers Association. 


    2021 Virtual Transatlantic Business Awards 

    May 20, 2021

    6:00 pm – 7:15 pm EDT


    Research and Development Tax Incentives Webinar  

    May 25, 2021

    10:00 - 11:00 AM GMT  /  6:00 - 7:00 AM EST


    LEAP FORWARD: The 2021 European-American Business Trends Series - Live Healthier 

    May 27, 2021

    12:00  – 1:30 PM EST

    Biotechnology, gene therapy and the use of artificial intelligence are changing the face of healthcare, with European and American firms at the forefront of research, development, and commercialization. Start-up ventures now compete around the world with entrenched players to develop the next lifesaving treatment. Policy and ethical issues are stirring considerable debate in European-American life sciences circles, while many are seeing investment opportunities that attract global capital.

    Flexibility and The Future Of Work: Changes, Choices and Expectations - Will There Be a New Normal?  
    Wednesday, June 2, 2021
    2:00 – 3:00 PM EDT / 9:00 – 10:00 AM BSTThe pandemic has accelerated a seismic shift in the way the world works and the demand for flexibility. The world of work as we know it is changing dramatically, driven by technology, demographic shifts and the changing expectations of talent.  As the future of work evolves, companies must respond now to harness new technologies and effectively lead and engage the workforce of today and tomorrow.


    30th Anniversary Celebration Featuring Ambassador Pierce & A Taste of Wales 
    Tuesday, June 8, 2021 
    4:00 - 5:00 PM EST

    The British American Business Council of Greater Philadelphia has been connecting professionals and building transatlantic business ties between the US and the UK for three decades. You are cordially invited to this first in a series of three programs honoring our 30th anniversary. 


    Buying, Selling or Not So Sure? Transaction Service Basics for Business Owners - It’s All About Due Diligence   NEW TO LIST

    June 10, 2021

    1:30 - 2:30 PM EST
    Clayton & McKervey will be hosting a 4-part transaction series with the Michigan Manufacturers Association. 



    June 10, 2021

    4:30 - 6:00 pm EST


    Accelerate: UserTesting the Market  
    Monday, June 14, 2021

    4:00 – 5:00 PM BST /  11:00 AM – 12:00 PM EST


    Buying, Selling or Not So Sure? Transaction Service Basics for Business Owners - Post Closing…Now What?   NEW TO LIST

    June 24, 2021

    8:30 - 9:30 AM EST
    Clayton & McKervey will be hosting a 4-part transaction series with the Michigan Manufacturers Association. 

  • 26 Apr 2021 1:41 PM | Lindsay McCabe

    [British-American Business Council (BABC) Board Member and KPMG U.S. Principal Paul Harnick recently joined KPMG U.S.-U.K. Corridor Leader Howard Wiener and KPMG U.K.’s Michelle Quest for a discussion on the potential impact of the new U.S. administration’s policies and Brexit on BABC members’ business.]

  • 26 Apr 2021 12:54 PM | Lindsay McCabe

    Please take a look at all of these interesting events from our friends at other BAB Chapters: 


    Partner Event: SelectUSA Road to the Summit 

    April 28, 2021

    8:00 - 9:30 AM EST


    How to Increase Supplier Diversity  

    Wednesday April 28, 2021 

    11:00 AM EST  /  10:00 AM CST

    Would you like to increase your supplier diversity and have greater access to minority-owned or small and medium businesses? Blue Wave Corporation is working with major international companies, NGO’s and governments to develop minority-owned and small and medium businesses by helping them to understand and comply with the standards and requirements of major international corporations, state-owned companies, and government entities.


    Brits and Aussies in the Bay! - Immigration, International Tax, UK Pensions /Superannuation and More  
    April 28, 2021
    3:45 - 5:15 PM PST  /  6:45 - 8:15 PM EST


    Revitalising the Economy with the Rt Hon Pat McFadden MP, Shadow Economic Secretary  

    Thursday, April 29, 2021

    2:30 - 3:30 PM GMT  /  10:30 - 11:30 AM EST


    Accelerate: Incorporating the ESG Agenda to Drive Growth 

    April 29, 2021

    11:00 AM – 12:00 PM EST

    For businesses looking to grow and operate across the US, UK, and globally, placing a focus on organizational purpose and sustainability is no longer an option, but rather a gauge of success


    GlobalView 2021 webinar series: Conducting Business in the United Kingdom  
    Thursday, April 29, 2021
    11:00 AM EST / 4:00 PM GMT


    The Future of Travel 

    Friday, April 30, 2021

    12:00 - 1:00 PM CST /  1:00 - 2:00 PM EST


    World Trade Week NYC 2021 

    May 1-31, 2021

    World Trade Week NYC is part of an annual nationwide celebration of international trade observed by business and trade-related organizations across the United States during May.

  • 14 Jan 2021 1:53 PM | Lindsay McCabe

    Authored by Jim Biehl, Tax Accountant, on January 14, 2021

    A new round of PPP loans (PPP2) was ushered in with the passage of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (Economic Aid Act) on December 27, 2020. In addition to the 2nd draw loans, eligible businesses that did not receive a PPP loan in the first round of funding have an opportunity to apply for a PPP loan.

    Eligible borrowers include small businesses, nonprofit organizations, cooperatives, veteran’s organizations, certain self-employed individuals, sole proprietors, and independent contractors that meet the following criteria:

    300 employees or less; and
    Experienced a 25% reduction in gross receipts for one calendar quarter (2020 vs 2019)

    Borrowers with original PPP loans (PPP1) may be eligible for PPP2 provided they meet the eligibility requirements and have used the full amount of their original PPP loan.

    Eligible Loan Amounts

    The formula to determine the eligible loan amount is not unlike PPP1, at 2.5 times the average monthly 2019 payroll, but there is now an option to base the computation on the average monthly payroll for a one-year period before the date of the loan. The PPP2 loans/grants are limited to $2 million.

    Applicants with a NAICS code starting with 72 (restaurants, hotels, etc.) are eligible to utilize 3.5 times the average monthly payroll amount and the cap is $4 million.

    Additional eligibility requirements, terms and conditions:

    300 or fewer employees, including affiliates; NAICS 72 entities – per physical location

    Loans 100% guaranteed by the government

    No collateral is required

    The interest rate at 1%

    The maturity is 5 years

    Expanded list of eligible businesses to include 501c(6) organizations

    Ineligible businesses (lobbying, certain businesses with ties to China and/or Hong Kong, live venues with grants, public entities)

    Affiliation rules require all employees are counted, including those of foreign affiliates. In the first round of funding these rules were not clear until guidance was issued in May. Borrowers are required to follow all guidance issued at the time of application; therefore, it is important to understand how guidance may have changed since the first application if you believe you are qualified.

    Loan Forgiveness

    Loans can be forgiven and turned into a grant, like the PPP1 program, provided borrowers spend at least 60% of the PPP funds on payroll costs and maintain employee headcount and compensation, but the new rules expand the definition of “payroll costs” to include group benefits such as life insurance, disability, vision and dental. In addition, the new rules expand the definition of “non-payroll costs” to include payments for software, cloud computing services, property damage costs (due to looting during 2020 not covered by insurance), certain supplier costs and costs for worker protection expenditures.

    Finally, as required under PPP1, the borrower will need to certify in good faith that the “current economic uncertainty makes this loan request necessary to support the ongoing operations of the applicant”. However, although the SBA has maintained that it will not question/audit the necessity certification of borrowers who have aggregate loans not exceeding $2 million, the additional PPP2 funds could result in a borrower exceeding the threshold, thereby requiring submission of Form 3509 and subjecting them to SBA audit, and additional SBA scrutiny. Therefore, we recommend you review your situation with your CPA and attorney prior to applying for PPP2 funds.

    Contact Us

    As additional guidance is issued on PPP2, we will be sure to keep you informed. For additional information, call us at 248.208.8860 or click here to contact us. We look forward to speaking with you soon.

    Our team is always ready to help.

    Please contact us for more information.

    James Biehl

    Shareholder, Manufacturing & Distribution

    Contact Jim   |   Read Jim's bio

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