American lawmakers have passed the Paycheck Protection Program and Health Care Enhancement Act, a program that will offer small business loans to employers in need of aid as a result of the COVID-19 pandemic.
The bill is a $484 billion dollar package, of which $310 billion is earmarked for the Paycheck Protection Program (PPP).1,2
For my friends who run a small business, this is welcome news. In the wake of the pandemic, millions of small business owners have been forced to make gut-wrenching decisions regarding their operations. The PPP funds will serve to keep some smaller businesses operational and their workers paid during this uncertain time.
While there has been some criticism of the program, including reports that some funds were taken by companies that didn’t qualify as small businesses, employers can take some comfort in the knowledge that the program seems to be continuing, even as the country finds its way through this crisis.
If you’re a small business owner, you may be wondering how to take advantage of the PPP. If you previously applied to the program without success, I would encourage you to apply again. It’s possible that some of the issues that prevented money from getting to small businesses may be resolved in this latest round of funding.
Remember, if there’s anything I can do to help guide you through the process, or through this uncertain time, please don’t hesitate to reach out.
To some, this may hardly feel like an economy headed for a bright future. But don’t tell that to home builders. Builder confidence in August jumped to an eye-popping 78 in August, according to the Housing Market Index courtesy of the National Association of Home Builders. To put that number in perspective, anything over 50 … Continue reading “Home Builders Confident in Economic Rebound”
When it comes to retirement, some women face obstacles that can make saving for retirement a challenge. Women typically earn less than their male counterparts and often take time out of the workforce to care for children or other family members. Added to the fact that women typically live longer than men, retirement money for … Continue reading “Women Facing and Conquering Retirement Challenges”
Football is back, which means Summer is coming to a close, days will get shorter, and sweaters will soon be in play. This year, there was no pre-season, so professional football started in September, which coincidentally, is a perennial month for stock market volatility.1
Roth IRA Conversion decisions have attracted retirement savers since their introduction in 1998. They offer the potential for tax-free retirement income, provided Internal Revenue Service rules are followed.
The 2015 Obergefell v. Hodges Supreme Court decision streamlined tax and estate strategizing for married LGBTQ+ couples. If you are filing a joint tax return for this year or thinking about updating estate strategies, here are some important things to remember.
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