COVID-19 Information

Local COVID-19 Resources

The economic fallout of the COVID-19 pandemic has left many individuals and businesses struggling financially. Small business owners are struggling with new safety guidelines, closures, and changing customer needs. Adapting to all these changes of course is costly,...

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Important Information for PPP Loan Recipients

If you have received Paycheck Protection Program loans for your business, there are a few things important to know. In this blog we will explore the tax consequences of the PPP loans from the federal government to businesses. An eligible recipient may have PPP loan...

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President signs COVID-19 relief orders

On Saturday, August 8, the President signed four executive actions providing additional COVID-19 relief. We do not yet know if these actions will proceed as planned, since his authority to take the actions have been called into question.  However, we want you to be...

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Software Options

With shelter-in-place orders in effect all over the country, many businesses are transitioning employees to working from home. One of the major challenges of remote work is finding the right software to enable employees to collaborate while working in separate...

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PPP & SBA loan assistance

We have heard from multiple clients now that many are currently trying to apply for the Payroll Protection Program Loan and are having difficulty knowing what numbers to submit and what costs to track. We would like to offer the following resources: For details on...

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SBA and PPP Loan Critical Updates

There continue to be changes coming in regarding the loan programs. With so many last minute changes regarding the Paycheck Protection Program Loan program, it appears it will most likely not be ready today as anticipated.  Some banks are taking advanced applications...

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Individual recovery rebate/credit

Under the CARES Act, an eligible individual will receive an advance payment for 2020 equal to the sum of: (1) $1,200 ($2,400 for eligible individuals filing a joint return) (2)$500 for each qualifying child of the taxpayer. For purposes of the child tax credit, the...

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Expansion of Unemployment Benefits

As most of you are aware, the president signed into law the Cares Act on March 28th.  Below is a summary of the items included in the legislation that apply to individuals. More legislation is expected so we will continue to update you as we have more information. ...

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