Boris Benic and Associates recently received the 2020 Best of Garden City Award in Accounting. The award honors the achievements and accomplishments of local businesses. (more…)
The Payroll Protection Program (PPP) loan is a key piece of the CARES Act. The program offers low-interest, forgivable loans to small businesses through their banking institution. The loans are meant to help businesses stay afloat and keep employees on the payroll.
The rapid spread of COVID-19 has created more than a health crisis. The “stay home” directive that quickly spread across the country is creating a financial emergency for many businesses. And, as we continue to self-isolate, businesses need to find a way to minimize the impact.
As the days and weeks have progressed since Governor Cuomo’s orders for social distancing, Boris Benic and Associates continues to work separately, but with a unified purpose: supporting our clients through a most unusual situation.
Although the CARES Act (ACT) covers many areas, I would like to share very important provisions where you may need to take immediate action.