Economic Relief Continues

Economic Relief Continues

With Covid-19 cases down significantly in California and restrictions on businesses lifting, there is still a long way to go to get our businesses back to pre-pandemic success. Thankfully, the Small Business Administration (SBA) is continuing to offer businesses help to carry them through. The SBA has increased the maximum amount small businesses and nonprofits…

Read More

The American Rescue Plan ()

The American Rescue Plan

The American Rescue Plan Act of 2021 has been signed by President Biden and is now law. The latest stimulus package is designed to facilitate the country’s recovery from the devastating economic and health effects of the Covid-19 pandemic. With bigger stimulus checks, more aid for the unemployed, funds for schools to safely reopen, a…

Read More

PPP LOAN FORGIVENESS

Time to Start Thinking About First Draw PPP Loan Forgiveness

We are a year into the Covid-19 pandemic, a year into stay-at-home orders and shutdowns – all of which have dramatically affected our businesses. With vaccines becoming more widely available and an additional stimulus package ready to be signed into law, things are hopefully looking up for the health of our families and for our…

Read More

Schedule C Filers

Schedule C Filers, Rejoice!

The SBA issued new Paycheck Protection Program guidelines allowing those that are self-employed and file Form 1040, Schedule C to calculate their maximum loan amount using gross income instead of net profit. Larger loans could help the self-employed and gig workers that have been hit particularly hard by the economic downturn survive the pandemic. These…

Read More

Processed with VSCO with k preset

California Relief Grant Program

A new grant program, funded by the state of California, rolls out today. The grant, which is available to small businesses in California, aims to give funds to businesses that have been impacted by the Covid-19 virus and the subsequent safety and health restrictions. This grant is not awarded on a first come, first served…

Read More

Processed with VSCO with c preset

New Year, New Stimulus

After months of partisan haggling and threats of a presidential veto, a new $900 billion Covid-19 relief package has been passed to help bring much-needed aid to American families and small businesses.   The new stimulus bill includes: -Payments up to $600 (potentially $2,000 pending a vote in the senate) per person for individuals earning…

Read More

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 “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

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