Posts Tagged ‘cpadepartment’
Top 7 reasons companies Outsource Accounting and Back-office functions
By Jennifer Eubanks 1. Competent financial management, reporting, and guidance. Businesses need to have competent financial management, reporting, and guidance so the management team can focus on operations. 2. Businesses need the right people. Some 70 percent of KPMG survey respondents said they are outsourcing accounting to get access to better talent. This helps clients focus on their business instead…
Read MoreStep by Step Guidance and Application Forms – A Small Business Owner’s Guide to the CARES Act
Please open or download this guide from the US Chamber of Commerce for detailed, step by step instructions for accessing assistance. The following files contain documents to assist calculating the Payroll Protection Act Loan amount, as well as the Borrower Application and Program Details.
Read MoreInterest on all student loans held by the Federal Government Waived due to COVID-19
Contact your loan servicer online or by phone to determine if your loans are eligible. Your servicer is the entity to which you make your monthly payment. If you do not know who your servicer is or how to contact them, visit StudentAid.gov/login or call 1-800-4-FED-AID. See link below for more information from studentaid.gov, including Q&A. https://studentaid.gov/announcements-events/coronavirus
Read MoreComprehensive List of Private and Public Loans, Grants, and Financial Support for Small Businesses
In light of the global COVID-19 pandemic, federal, state, and local governments, along with private entities, are mobilizing to provide economic relief as businesses and workers enter a period of uncertainty. Gusto compiled a comprehensive list of public and private loans, grants, and financial support programs aimed at small businesses: https://docs.google.com/spreadsheets/d/1SRBZE2_6Nftwd02M6Oxj8MoeuZ7y93spXIgIPhkkp2w/htmlview#gid=0
Read MoreNew Guidance from the DOL on Administering FFCRA Leaves
The DOL has provided Questions and Answers document for employers, to provide guidance ahead of the implementation date on Wednesday, April 1. The following are some highlights from the updated guidance: These leaves are not available to employees with reduced hours, furloughed employees, or employees whose workplaces are closed. See questions 23-28. These leaves are…
Read MoreFor Individuals: New COVID-19 Federal Assistance – CARES Act
The Cares Act, passed March 27, 2020, provides economic relief to individuals to help families cope with the financial impact of the pandemic. Below follows a summary of the provisions, with more to come as details unfold. Provisions for Individuals Retirement Plans Withdrawals no 10% penalty on early withdrawals up to $100,000 for coronavirus-related distributions.…
Read MoreFor Small Businesses: New COVID-19 Federal Assistance – CARES Act
The Cares Act, passed March 27, 2020, provides payroll and rent relief to small businesses. The Act includes a loan forgiveness provision for funds used to pay employees, rent, utilities or a mortgage. There is also a provision to defer payment of employer social security taxes with payment permitted over two years. Here is a…
Read MoreHelp for Small Businesses in Maryland
Maryland offers two programs to assist small businesses with fewer than 50 employees. The first is an emergency relief grant fund, and the second is an emergency relief loan funds. Maryland Small Business COVID-19 Emergency Relief Grant $ 50M Fund This fund offers working capital to assist Maryland small businesses and nonprofits with disrupted operations…
Read MoreFairfax County Help For Businesses due to Covid-19
Resources for Small Businesses – SBA EIDL Funding
U.S. Small Business Administration Disaster Loans The SBA is offering low-interest federal disaster loans for working capital up to $2 million to small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Apply for a loan online Read an overview of loan eligibility and terms For questions about the loan program or…
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