BLOG

nordwood themes kRNZiGKtz unsplash

Handling COVID-19 From a Financial Point of View (Video)

Emil Abedian speaks with Gudrun Giddings, President of SACC-LA, about how to handle the COVID-19 pandemic from a financial point of view. Learn about how tax regulations have shifted and new loans that have been issued to ease this economically stressed situation. Also, how the new regulations will affect you and how to benefit from…

Read More

PPP Flexibility Act

PPP Flexibility Act

The Paycheck Protection Program Flexibility Act is new legislation that makes some much needed adjustments to the loan program, easing some restrictions on small businesses as they seek loan forgiveness. The bill is just awaiting President Trump’s signature. Changes include: -Current PPP borrowers can choose to extend the eight-week period to 24 weeks, or they…

Read More

Is Your PPP Loan

Is Your PPP Loan “Necessary”?

New guidance has been issued from the SBA regarding the qualifications of the Paycheck Protection Program Loan. This new guidance clarifies the “current economic uncertainty” requirement that a borrower needs to meet in order to apply for the loan. Whether you have already received PPP Loan funds, or expect to, it is important to understand…

Read More

austin distel wDLRbOeEo unsplash

Business After COVID-19

Business owners are rapidly adjusting to the changing economic climate and navigating new operational challenges in response to the coronavirus.  With so much happening so quickly, it’s hard to look forward and see what things will look like when we come out of this. Now is the time to safeguard your business and discover where…

Read More

man sitting down and using his laptop

The Paycheck Protection Program

The Paycheck Protection Program is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provides relief for small business and their employees who are affected by the coronavirus. The Paycheck Protection Program is administered by the Small Business Administration (SBA) under its lending program, to provide small business loans on favorable terms…

Read More

Coronavirus Sick Leave Requirements

Coronavirus Sick Leave Requirements

The federal government signed the Families First Coronavirus Response Act (FFCRA) into law Mar. 18, 2020, which includes paid sick leave for employees that need to take time off to limit the spread of the coronavirus. Under this law, employees will qualify for paid sick leave if they have the virus, if they are caring for a…

Read More

neonbrand JWr CPYec unsplash

IRS Confirms July 15 Tax Deadline

The Internal Revenue Service has confirmed that the federal income tax filing deadline is automatically extended from April 15, 2020 to July 15, 2020. Taxpayers can also defer federal income tax payments due April 15, 2020 to July 15, 2020 without interest or penalties, regardless of the amount owed. This deferment applies to all taxpayers,…

Read More