
Economic Injury Disaster Loans (EIDL) and Targeted EIDL Grants
Economic Injury Disaster Loans The Consolidated Appropriations Act of 2021 (The Act) extended the Economic Injury Disaster Program until December 31st, 2021, or until funds run out. The SBA Economic Injury Disaster Loans (EIDL) loans are available to small businesses and non-profit organizations that suffer economic injury as a direct result of a federally declared…
Read More
PPP Forgivable Loan Program Re-Opens in January 2021
Paycheck Protection Program (PPP) The Paycheck Protection Program was first established under the CARES Act in March of 2020 and provides forgivable loans to small businesses affected by the pandemic. The loan is eligible for full forgiveness if 60% is used on payroll costs and the other 40% is used on authorized expenses during the…
Read More
New Stimulus Package
The Consolidated Appropriations Act, also known as CAA or the “Act”, was signed into law on December 27th to give critical aid to individuals and businesses affected by the pandemic. The new $900 stimulus package provides direct payments to individuals, enhanced unemployment, rental assistance, targeted aid for small businesses, and much more. Here we take…
Read More
Retirement Plan Options
If you are self-employed or own a business, consider setting up a retirement plan if you don’t already have one. New accounts for retirement plans, such as all 401(k)plans, profit-sharing, and defined benefit plans must be established on December 31st, 2020. Many can be funded by the income tax return filing due date. Make sure you all take…
Read More