H.R. 7010, the Paycheck Protection Program Flexibility Act of 2020 On June 5, President Trump signed the Paycheck Protection Program (PPP) Flexibility Act (PPPFA) of 2020 (H.R. 7010) which provides more flexibility for participants in the PPP program, including...
Rob Yeend
PPP loan forgiveness guidance released (05-18-20)
The SBA has released the long-awaited loan forgiveness guidance and a Loan Forgiveness Application that Paycheck Protection Program borrowers will submit to their lenders. Here is what we learned: To apply for forgiveness of your PPP loan, you ( the borrower) must...
COVID-19 and Your Retirement Funds – Maximize Savings Where You Can
For retirees, whether long-term, recently retired, or soon-to-be, the pandemic has shined a light on a retirement system that was broken long before "COVID-19" was part of our vocabulary. Thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act passed...
Coronavirus Stimulus Checks: What to Expect
As a result of the $2 trillion Coronavirus Aid, Security, and Economic Security (CARES) Act signed into law on March 27, 2020, the government is sending stimulus payments, either by check or direct deposit, to American taxpayers. Many Americans have already started to...
Update on CARES Act
Click here for a downloadable PDF version. As many of you know the CARES Act was signed in to law on March 27th, 2020 and this law has many different opportunities for both businesses and individuals. Here are some of the highlights of the new tax act. Personal...
Is Your Small Business Ready for an Economic Recession?
Given the current economic uncertainty amidst the Coronavirus pandemic, small business owners worldwide are experiencing the gravity of preparing for an economic downturn. Read on for some practices that, moving forward, will help ensure your small business’s survival...
Breaking Down Taxes: Here Are the Main Types We Pay in the U.S.
The U.S. tax system is complex, but understanding the different taxes we pay can be a beneficial tool for financial planning. Below is a broad overview of the most common types of taxes we pay in the U.S. Income Tax Income taxes, which are levied on personal income,...
