The coronavirus pandemic has forced us to reimagine the way we live and work. The spread of COVID-19 and the stay at home guidelines have forced most Americans to turn to the internet for everything from lunch to loungewear. Online reviews have become priceless, now that so many people are spending time online researching products and businesses. (more…)
In the wake of the COVID-19 pandemic, the U.S. government launched several programs to offer financial benefits to small businesses. While we’ve outlined the CARES Act and the Payment Protection Program Flexibility Act of 2020 and explained their differences, there’s one other thing that needs to be discussed – the impact on your tax return. Every type of financial aid program comes with tax implications.
The widespread effects of COVID-19 continue to impact the U.S. economy. You may have heard that the deadline to apply for the Paycheck Protection Program (PPP) was extended until August 8, 2020. If you are still in need of funds, and have not applied, I encourage you to do so.
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.