Using Your Financial Statements During an Economic Crisis

If you are a business owner, you are well aware that the COVID-19 pandemic has forced you to make difficult decisions. To make sure you have all the information you need to make rational business moves, it's suggested you look to your financial statements. We've outlined what you need to know here.

CARES Act – Paycheck Protection Program Loans

The Paycheck Protection Program loans of the CARES Act provide cash flow assistance to businesses impacted by the coronavirus. The program grants 100% federally guaranteed loans to employers who maintain payroll during this peacetime emergency.

CARES Act Rebates and Considerations

This week, the Senate and House passed the CARES Act which will provide billions of dollars of relief to individuals, businesses, state and local governments, and the health care system – including rebate checks.

Coronavirus Aid, Relief, and Economic Security Act (CARES Act)

CARES Act will provide billions of dollars of relief to individuals, businesses, state and local governments, and the health care system. While this is still pending approval in the House, it is expected to pass and the President has indicated he will sign the legislation.

Income Tax Filing Deadline is Moved to July 15

U.S. Treasury Department Secretary Steven Mnuchin announced that the 2019 income tax filing deadline will be moved to July 15, 2020 from April 15, 2020, because of the coronavirus (COVID-19) outbreak. At President Trump’s direction, Mnuchin announced on Twitter, “we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will … Continued