Since its enactment, the PPP has been a necessary lifeline for many businesses. By providing emergent cash flow, the PPP allowed businesses to retain their workforce and ultimately keep their heads above water amidst the COVID-19 pandemic. Now that the PPP has ended, however, businesses are left wondering how to stay afloat. For businesses that received PPP loans, a crucial consideration is loan forgiveness eligibility.…
On Sunday, December 27 President Trump signed a massive coronavirus relief package into law. The legislation was part of a bigger Omnibus bill that also ensured the federal government continued to be adequately funded through September 30, 2021. The relief bill helps to inject much needed stimulus into the economy and to individuals as a response to the continued distress caused by the COVID-19 pandemic.…
As the end of the year draws near there is newfound hope and optimism that 2021 will be better for individuals and businesses alike. Two different COVID-19 vaccines have already been approved by the Federal Drug Administration and are making their way to our health care workers and others deemed at high risk.…
Obviously for many of us, 2020 is a year that we’ll be happy to put behind us.  Reduced consumer spending, bottlenecks in supply chains, phased reopening rules, and a thousand other factors have caused businesses to either shutter, or drastically hunker down.  But certain other businesses have thrived during the pandemic, either because their business models were naturally boosted by millions of people being required to stay home, or because they were able to pivot…
Returning To “Normal” Amidst A Global Pandemic With the uncertainty of COVID-19 and the possibility for another nationwide shutdown, businesses and employees alike are not sure how to plan for the fall. Will businesses need to return to remote work again? Will employees with children have to configure home schooling into their workday? How will businesses fare with another potential pause of the economy?…
PODCAST OVERVIEW Host Jeana Goosmann and guest Lynette Meyer, CPA at Nichols Rise & Company, talk about how business owners have been impacted during COVID-19 and how their CPA can help. Jeana and Lynette talk about various tax credits, loan forgiveness, the CARES Act, and other ways businesses can continue to operate during COVID-19 and post quarantine. During this episode you will learn:…