The impacts of the virus haven’t effected all industries equally to this point. Certainly consumer related businesses have been impacted the most so far, but business to business industries may see the effects months down the road. No need to sound the alarm, but we want to be your forward thinking advisors and provide a […]
House Passes and President signs the CARES Act
On March 27, the House passed by voice vote, and the President signed, a third Coronavirus relief package, the Coronavirus Aid, Relief, and Economic Security Act. The Senate had previously passed the Act on March 25 by unanimous vote. The bill contains many tax related provisions. INDIVIDUAL PROVISIONS An eligible individual is allowed an income […]
COVID-19 Payroll Resources
Cash Flow Resources
Protecting Cash Flow March 28, 2020 The impacts of the virus haven’t effected all industries equally to this point. Certainly consumer related businesses have been impacted the most so far, but business to business industries may see the effects months down the road. READ MORE Cash Flow Tool during Coronavirus March 25, 2020 COVID-19 has […]
Employee Retention Credit for Employers
Under the newly passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act), additional payroll tax credits and tax payment deferrals are included to improve cash flow and employee retention. Employers, including nonprofits, whose operations have been fully or partially suspended as a result of a government order limiting commerce, travel or group meetings, or […]
April 15th Due Date for Returns & Payments Postponed to July 15, 2020
The due date for filing Federal income tax returns and making Federal income tax payments due April 15, 2020, has been postponed to July 15, 2020. Taxpayers do not have to file any forms for the extension. There is no limitation on the amount of the payment that may be postponed. This relief is available […]
EFMLA and COVID-19
If your employees are being affected by the coronavirus and are not able to work due to self-quarantine, caring for an at-risk family member who is self-isolating, or caring for their children due to school or childcare closures, you might be required to pay them under Expanded Family Medical Leave or Emergency Paid Sick Leave […]
SBA Loans and Financing Updates for Coronavirus
We are keeping abreast of financing options in order to provide our clients with next steps in these trying times. We recommend talking to your banker before making any hasty decisions to see what options are available with your current loans. This could include interest only payments and potential deferrals. In addition, the Small Business […]
Cash Flow Tools during Coronavirus
COVID-19 has impacted the whole country but the brunt of its effects have been cast upon small businesses. Revenue generation may be slowed or at times cut off completely, and the cash collection cycle will inevitably be extended. That being said, the most precious asset in times of uncertainty is cash. Who do we pay? […]
