Paycheck Protection Program – Access to Emergency Capital

House of Representatives Pass the CARE Act, including Paycheck Protection Program, which provides access to emergency capital for small businesses.  This afternoon, after some eleventh hour drama, the U.S. House of Representatives passed the CARE Act. President Trump is expected to sign the act into law soon. In addition to the tax changes outlined previously,…

FRSCPA Requests all Data for Monthly Accounting Services, Business and Personal Income Tax be sent Electronically Effective Immediately

As our team works diligently to prepare for the unknown as it relates to COVID-19 and our business, we are steadfastly working on solutions to help our beloved clients.  While it has not yet been mandated for our office to close, most of our team is working remotely.  Our technology permits all of our staff…

Good News: SBA Offers Economic Injury Disaster Loan Program

We understand that many of our Small Business Clients are being severely impacted by COVID-19.  This impact includes loss of revenue, liquidity concerns, potential employee layoffs, and the concern of making payroll.  Small Business owners are now eligible to apply for low-interest loans due to the COVID-19. The SBA is providing working capital loans of…

Families First Coronavirus Response Act Provides Tax Credits to Both Employers and the Self-Employed

Tax Update – Families First Coronavirus Response Act Provides Tax Credits to Both Employers and the Self-Employed On Wednesday, March 18th, 2020, President Trump signed into law the Families First Coronavirus Response Act (FFCRA). The FFCRA provides various legislative responses to the COVID-19 crisis and includes tax credits for both employers and the self-employed. Employer…