Blog

If you are simply “testing the waters” on a new business idea to see if it is something you want to pursue more seriously, then you likely do not need to form an LLC. For example, a lawn care business where you are mowing a few of your neighbors’ yards... Read More →

Big Update! Paycheck Protection Program Rapid progress is being made in the passage of the Paycheck Protection Program Flexibility Act. The bill was introduced in the House on May 15, 2020. It was just signed into law on June 5, 2020. PPP Flexibility Act What exactly does the PPP Flexibility... Read More →

  HEROES Act The new Health and Economic Recovery Omnibus Emergency Solutions Act or HEROES Act, an 1800-page piece of legislation introduced on Wednesday, May 13th into the House is a $3 trillion wave of funding. The House voted on the Act Friday, May 15th.  It passed the house with... Read More →

The latest developments in the CARES Act small business aid package contain both good news and not so good news for small businesses. Let’s expand on what we know at this point. The PPP Loan Program – The Good News On April 30th, the IRS determined that expenses that result... Read More →

 IRS Ruling on 4/30/2020 In our efforts to keep you informed on what seems like a constantly evolving CARES Act small business aid package, we wanted to share with you some new information regarding the Paycheck Protection Program (PPP). When the program was first introduced, Congress stated that the... Read More →

The Paycheck Protection Program We hope you’re all doing okay through all of this craziness.  As the popular Paycheck Protection Programs continues to get additional funding, it’s important to remember the key thing about this loan: it is a loan to begin with and you have to pay it back!... Read More →