As we are inundated with messages and information in relation to federal and state law updates and ways to adapt to our changing environment, we are offering a summary of resources for our clients. This collection of articles brings together a recap of information shared throughout the week. We hope you find these updates helpful!
Coronavirus Emergency Loans Small Business Guide and Checklist
Information from the US Chamber of Commerce
“The U.S. Chamber of Commerce has issued this step-by-step guide to help small businesses and self-employed individuals check eligibility and prepare to apply for a loan.” Here’s what you need to know… Click here for more information.
Congressional Leaders Tell Treasury That PPP Borrowers Should Be Entitled To Deductions
Article from Forbes.com
“They “believe the position taken in the [IRS] Notice ignores the overarching intent of the PPP, as well as the specific intent of Congress to allow deductions in the case of PPP loan recipients.” Click here to continue reading this article.
Brownsburg launches grant program to help small businesses prep for reopen
Article from Hendricks County Icon
“The Brownsburg Town Council approved a grant program on April 30 that will provide small businesses an injection of funds to help ready their sites as owners prepare to reopen for business.” Click here to continue reading this article.
Social Security: Fraud Prevention and Reporting
Information from the Social Security Administration
“Social Security takes protecting your personal information seriously. We want to warn you about telephone scammers pretending to be government employees. Do not be fooled!” Click here for more information.
Skipping a mandatory distribution from your IRA? Everything you need to know
Article from www.cnbc.com
“If you were required to take an RMD, either because you’re of the appropriate age or you’ve inherited a retirement account, you can skip it in 2020. ‘The whole year is a grace period,’ said Ed Slott, CPA…” Click here to continue reading this article.