Powered by GrowthLab

 

Covid-19 Tag

02 Apr

Posted at 19:03h in Payroll, Taxes, Uncategorized by
0 Likes
The Families First Relief Act and CARES Act have been approved and businesses, like yours, are scrambling to figure out what it all means.  The information is coming fast and furious so it can be hard to make sense of what is right for your business.  Below is a current assessment of the landscape as compiled by Ascend Consulting, Fogged In Bookkeeping, and Prix Fixe Accounting.  This should not be taken as individual tax advice but rather as a guide.  Always consult with your individual tax advisor to see how such programs may apply to your individual situation.

26 Mar

Posted at 12:56h in Business by
0 Likes
Just in from the Nantucket Chamber of Commerce: In response to the COVID-19 National Emergency, the SBA Express Bridge Loan (EBL) Pilot Program has been modified and the term extended. The EBL Pilot Program is designed to supplement the Agency’s direct disaster loan capabilities and authorizes SBA Express Lenders to provide expedited SBA-guaranteed bridge loan financing on an emergency basis in amounts up to $25,000 for disaster-related purposes to small businesses located in communities affected by Presidentially-declared disasters while those small businesses apply for and await long-term financing (including through SBA’s direct Economic Injury Disaster Loan Program, if eligible).