With thousands of small businesses under siege, insurance companies are facing increasing pressure to cover claims for business interruption related to the pandemic crisis. Insurance companies have thus far resisted …
Market Update: A Historic Month for the Markets
While grim economic data shows the global economy heading toward a recession you wouldn’t know it by looking at the current stock market. The S&P 500 ended April up 12.7%—its …
IRS Says No Double Tax Benefit for PPP Loan Recipients
If you thought your business was going to deduct all those expenses you were planning to pay with a loan from the Paycheck Protection Program (PPP), you need to be …
Managing Cash Flow During the COVID-19 Crisis
Facing one of the most severe economic contractions in U.S. history, many small businesses are struggling for survival. For most businesses, as business slows, contracts are delayed, or supply chains …
Paycheck Protection Program: Loan Forgiveness
Now that your business has gone through the loan application process for the Paycheck Protection Program (PPP) loans, it’s time to turn your attention to the forgiveness part of the …
CARES Act Round-Two: New Coronavirus Package Releases $484 Billion
Although $2.2 trillion from the CARES Act may sound like a lot, it wasn’t quite enough to meet the needs of America’s many small businesses. So, the U.S. federal government …
