Blog Posts
CARES Act, Part II: How to Prepare
The Federal Government is set to implement legislation that would allow more money to flow once again to small businesses affected by COVID-19--$322 billion more including $60 billion set aside for smaller lenders like community banks and
A Message From Our Partners
We are reaching out to simply let you know that all of us are thinking of you during these unprecedented times. Life has we know it has been challenged and changed: the new work environment shared with fury
Deferral of Payroll Taxes
The IRS has clarified ability to defer paying the employer share of payroll taxes. It was previously understood that you could not defer payroll taxes if you participated in the Payroll Protection Program (PPP). However, you are
FASB Considers Accounting Relief During COVID-19 Pandemic
The Financial Accounting Standards Board (FASB) held a public meeting on April 8, 2020 to approve measures intended to provide stakeholders with accounting relief and clarity during the COVID-19 crisis. In the coming days, the FASB will issue
CARES Act – Entrepreneurial Development and Education
The House passed the Senate's CARES Act yesterday. The Act includes a section related to entrepreneurial development that provides funding to educate small businesses and their employees on resources available during this time: MINORITY BUSINESS DEVELOPMENT AGENCY The