Benefits

PPP Paycheck Protection Program

May 21, 2020 

PPP Loan Forgiveness: Popular but Complicated

While the intent of the PPP was to create simplicity and security in uncertain times, an unintended effect of the statute and forgiveness application has been to complicate borrowers’ processes and create further questions.

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May 15, 2020 

What’s the Best Entity Type for a Family Business?

Most of your clients probably started their family business solo and with little thought to what happens to the business when the owner gets married and has a family. Smaller owner-operator businesses are usually structured as sole proprietorships with...

Nellie Akalp

Coronavirus Payments by State 1

May 10, 2020 

IRS Releases State-by-State List of Coronavirus Stimulus Payments

The Treasury Department and the IRS have released updated state-by-state figures for Economic Impact Payments, with approximately 130 million individuals receiving payments worth more than $200 billion in the program’s first four weeks. (Up through May 8)

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May 8, 2020 

Unemployment Rate Hits 14.7%, Highest Since Great Depression

The U.S. economy suffered its biggest labor market shock on record, as government figures released Friday showed the COVID-19 pandemic erased 20.5 million jobs and sent the nation’s unemployment rate to 14.7%, the highest since the Great Depression.