What does the Advance Child Tax Credit mean for you?

Are you confused about the Advance Child Tax Credit?  Eligible parents nationwide saw their first payment hit their bank accounts this week. 35.2 million families qualify, so there is a good chance if you have children you will receive a payment as well. However, this new tax relief measure also raises many questions.  Whether you’ve…

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It Is Time Apply for PPP Loan Forgiveness, Here Is How

Many businesses are now reaching the end of their covered period, the 24 weeks “covered” by the PPP loan during which they must use the money if they want the loan forgiven.   So, now the attention turns to applying for forgiveness.   In this document, we are attempting to make the convoluted topic of forgiveness easy…

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What Is the Restaurant Revitalization Fund

The restaurant industry has been among the hardest-hit sectors during the economic downturn caused by the COVID-19 pandemic. To help bring jobs back and revive the industry, the American Rescue Plan Act established the Restaurant Revitalization Fund (RRF) to provide funding to help restaurants and other eligible businesses keep their doors open.  This program will…

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A Revised Grant for Small Businesses: the EIDL Advance

The American Rescue Plan Act (ARPA), signed into law on March 11, 2021, revisited and extended the Economic Injury Disaster Loan (EIDL) Advance program.   If you applied for an EIDL and received an Advance in 2020 that was less than $10,000, you may now have an opportunity to apply for additional funds.   Here is the…

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What the Next Wave of COVID Relief Means for You

The covid relief stimulus bill passed this week is the fourth wave of stimulus enacted over the last year. It is the largest and most aggressive bill yet. It also turns the focus to individuals, families, and states. What does the new COVID relief bill mean to me? The bill does includes more stimulus checks…

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The PPP Second Draw

Note, to qualify for the “second draw” you must have borrowed money in the first round, a “first draw,” and spent the money.   If you did not apply for a PPP loan last year, you can now apply for a “first draw” PPP loan – that option is available to you and the banks…

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December 2020 Stimulus Bill

Congress has agreed on a stimulus package, which we expect to pass today (December 21, 2020).  Several items could directly affect you, so I want to highlight them here.   As we have seen with this legislation: changes happen.  So the exact details will likely take a few days to settle.  This email outlines what…

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