Author Archives: Cordasco
COVID-19 Update for the Week Ended May 16, 2020
The tax and financial impacts of COVID-19 continue to unfold rapidly. To help keep you up to date on these rapidly evolving changes, we have put together the most important things you should know from last week. 1. FINALLY! PPP Loan … Continue reading
COVID-19 Update for the Week Ended May 9, 2020
As businesses begin to reopen and hopefully life gets back to normal, we have entered that cerebral zone where we absorb all the changes that have occurred along with their financial impact. This is the beginning of the financial healing process, the “recovery.” As we enter this chapter, we are focused on the refinements of the changes and … Continue reading
Is your PPP Loan Necessary to Support Current Operations?
If we did not have enough to worry about during the pandemic, now the Treasury added a standard to the Paycheck Protection Program (PPP) regarding eligibility based on liquidity and access to capital. This new standard has created a great deal of concern among businesses … Continue reading
COVID-19 Update for the Week Ended May 2, 2020
The tax and financial impacts of COVID-19 continue to unfold rapidly. To help keep you up to date on these rapidly evolving changes, we have put together the most important things you should know from last week. 1. PPP Forgiveness … Continue reading
An Eye on Business Recovery
There is much debate about the right way to reopen the economy in the aftermath of COVID-19. Regardless of where you stand on the issue of balancing health and economic concerns, one thing is certain, businesses will begin to … Continue reading
COVID-19 Update for the Week Ended April 25, 2020
What You Should Know from the Week Ended April 25, 2020 The tax and financial impacts of COVID-19 continue to unfold rapidly. To help keep you up to date on these rapidly evolving changes, we have put together the … Continue reading
Cash payments and tax relief for individuals in new law
A new law signed by President Trump on March 27 provides a variety of tax and financial relief measures to help Americans during the coronavirus (COVID-19) pandemic. This article explains some of the tax relief for individuals in the Coronavirus … Continue reading
COVID-19 Update for the Week Ended April 18, 2020
5 Things You Should Know from the Week Ended April 18, 2020 The tax and financial impacts of COVID-19 continue to unfold rapidly. To help keep you up to date on these rapidly evolving changes, we have put together the 5 most important things … Continue reading
What we know (or don’t know) about PPP Loan Forgiveness
PPP Loan Forgiveness As of April 17, 2020 Congratulations! You are one of the lucky businesses who received (or is about to receive) a loan under the Paycheck Protection Program (PPP). Now that you have gotten your loan, our attention needs … Continue reading
Using your financial statements during an economic crisis
The economic fallout from the coronavirus (COVID-19) pandemic has forced business owners to reevaluate their operations and make difficult decisions. One place to look for the information you need to make rational, reasonable moves is your financial statements. Under U.S. … Continue reading
