The COVID-19 pandemic has rapidly changed the way we view our business landscape as we have witnessed an influx of digital media usage across major platforms. Companies are adapting to "how and where" customers receive information, and are utilizing apps, widgets, and analytics to reach them.
Viewed our shared best practices, tips, and tools.
The PPP, initially created in March 2020 under the first round of federal coronavirus aid, granted small businesses loans to help cover certain cost, if a business was able to maintain staffing levels, the loans were forgivable. Each borrower under the PPP program should carefully analyze its unique facts and circumstances in determining the appropriate accounting tactic.
Here are a few points you should know about PPP loans and your taxes.
Emergency Fund Building can be beneficial to all and serve as a safety net that will come in handy during the worst times. COVID-19 proved that a lot of us had no back-up plan and were not well-equipped for an economic downturn. Understanding this, we want to ensure we give you all the tools to save and build.
Access our tips to stay afloat during the pandemic.
As an extension of the federal CARES Act, the Work-Share Program for employees enables employers to avoid lay offs, employees to make more than their typical paycheck, and all at the same time...work less!
Recently, President Trump and Congress has installed a $2 Trillion Stimulus Bill which allocates $350 billion specifically for small business loans. This also covers what we've all heard -- the $1200 pay out under the Families First Coronavirus Response Act. But here's what you might not know.
The COVID-19 virus has had a global impact, affecting all aspects of our lives. . A part of the federal emergency plan, President Trump and the Treasury of State has agreed to extend the tax deadline of April 15th by 90 days.
CARES Act & the Pandemic Unemployment Assistance Program (PUA)
The PUA assists qualified unemployed individuals with up to 39 weeks of compensation benefits. In addition to those 39 weeks, a 13-week extension period is available to those who remain eligible to the specific requirements of the program.
Previously, the PPP loan forgiveness period was 8 weeks beginning after loan funds were disbursed. Now, the coverage period has been extended to 24 weeks after disbursement, or December 31, 2020 whichever is first