As expected, the system for submitting the second round of Payroll Protection Program Loans has been plagued with the overload of submissions that started from go yesterday morning. Many banks had thousands of loan applications in the queue, and the system managed by...
Yesterday, the US Senate approved an additional $370 Billion in funding to be administered through the SBA. This will move to the House with a vote expected on Thursday. The President has already said that he will sign the bill when presented. $310 Billion of this is...
In these truly crazy times as a business owner, there is so much confusion about what to do, how to do it, and what resources you need to get it done. Our mission has been to educate and advise our clients through our website, webinar, and blast emails with the...
Yesterday, the Small Business Administration announced that funding for both the Paycheck Protection Program loans and Emergency Injury Disaster Loans has reached the limit set forth by the CARES Act. In only 12 days, $349 Billion was disbursed or committed through...
Many people still have unanswered questions regarding the COVID-19 stimulus checks that started depositing into people’s bank accounts last Saturday. Seth Fink, CPA, and owner of Phocus Accounting and Tax dispels the confusion during his interview with AZ...
