What’s in the Latest $484 Billion Stimulus Bill? Congress recently passed another round of stimulus to help counteract the economic impact of the coronavirus. The bill includes more funding for hospitals, small businesses, and coronavirus testing. Below we look at the details of the $484 billion legislation. More Money for Small Businesses The March stimulus... Read More →
We knew it would happen – just not this soon. The SBA Payroll Protection Program is out of money. Contact your lawmakers to let them know that they need to pass additional funding now. https://www.bizjournals.com/louisville/news/2020/04/16/sbas-349b-paycheck-protection-program-officially.html?ana=e_lou_bn_breakingnews_breakingnews&j=90504325&t=Breaking%20News&mkt_tok=eyJpIjoiT1RsaE16bG1NR0kzTkdZeCIsInQiOiJZYjRUS2dcL3p5SXJcL09DeWpUdmVzSUNwNzdPZlhWOENkXC9YSnR5ZTR1VnJJSnh1UnpzZnNaUkR5SjNmREFJaDVFMW12VnFHSXQ2M1wvVUtsWlNzalNYNGY0VUJmbTlqekR1aDJGamhqZk56bDg5UGRHVTkzUU5tXC9EMHUxOFRlWUFReW14cVZxQkVPZzF6NHJHT2lUSHpNZz09In0%3D
By: Caroline Kaye CPA, Supervisor – With the passage of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) on March 27, 2020, by Congress, there have been many questions about how the CARES Act will impact the real estate industry. For businesses, the provisions of the CARES Act are centered around increasing liquidity,... Read More →
By: Jennifer French CPA CGMA, Principal – With the COVID-19 pandemic, we are experiencing unprecedented times, that came upon us both quickly and unexpectedly. While navigating new waters in relation to the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), including the Paycheck Protection Program and Loan Forgiveness, and working to keep your business... Read More →
Strothman and Co. continues to monitor and assess new developments pertaining to the COVID-19 (Coronavirus). Keeping our clients and contacts up to date on the latest information and approach to help reduce risk is a priority. During the past week, we have received many inquiries on the CARE Act Loans. In response, we have created... Read More →
Kentucky had previously allowed an automatic extension for filing of income taxes to July 15, 2020, but said they were still going to charge interest on any balances due. Yesterday, the Governor signed a bill to also defer the interest.