Beyond the PPP loan and EIDL $$$ we have the little known Main Street Lending Program. The Main Street Lending program was announced in April by the Federal Reserve to provide up to $2.3 trillion in loans to households, businesses, and state and local governments struggling to deal with the financial fallout from the COVID-19...
Done any good deeds lately to help the community during COVID-19? Take advantage of these temporary changes involving charitable contributions made by individuals and businesses. Please help us spread the word! The CARES Act makes a new charitable “universal deduction” available to individual taxpayers that do not itemize their deductions. This new benefit allows for...
Here at Fuoco Group and TFG, we are more than just CPAs, we are business and financial advisors. We are focusing on how to help our clients position themselves to pivot post pandemic. At some point when the virus is under control and the economy begins to strengthen, the businesses that are still standing will...
NOTE RECENT LEGISLATION HAS MADE CHANGES TO THE PPP PROGRAM! We know that forgiveness for your PPP loan is the hot topic on the minds of our clients, however it’s best to take the time to make sure there is as much information as possible to maximize loan forgiveness. What has changed? • The SBA...
With many small businesses still struggling, and $134 Billion still left in the available fund, the House and Senate overwhelmingly voted to extend the popular Paycheck Protection Program application deadline from June 30th to until August 8th. If Congress didn’t extend the program, the money that remained as of would eventually have been returned to...
