paycheck protection program
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What The Paycheck Protection Program Provides

Disclaimer: The information available to us is changing rapidly & key questions remain about how to implement the Program. Although the information below is provided based on our best judgement about what we know at this time, portions could…
protecting-important-data-in-a-work-from-home -world
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Protecting Data in a Work from Home World

In true American spirit, companies nationwide have quickly adapted to the rapid spread of COVID-19 and transitioned employees to a work from home (WFH) model. This approach is critical to limiting the impact of the virus, and for many organizations,…
tax-related scams
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The risk of cybercrime has never been higher

As many employees are working remotely for the short term, “normal” communication amongst teams has changed dramatically, almost overnight. This can result in deviation from established protocols in all areas of organizations. Not surprisingly,…
sba loan relief
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SBA Loan Relief Available for Small Business

SBA Loan Relief and New Lending Now Available For Small Businesses Impacted By COVID-19 Defer Existing SBA Loan Payments for Up To 6 Months This is at the lender’s discretion, but anyone with a current loan can/should talk with their…
layoffs
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Guidance for Employers Considering Layoffs

State Provides Guidance to Employers Contemplating Layoffs Source:  Michigan Department of Labor and Economic Opportunity LANSING, MICH. The Department of Labor and Economic Opportunity today provided guidance to Michigan employers on…
refinance
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Is Now the Time to Refinance Your Loan?

Interest rates are dropping in this uncertain business climate in response to the COVID-19 pandemic. Is now the time to refinance your business loan or mortgage? For business loans, what you’re going to be able to find seems to be on a…
Federal income tax relief
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The IRS Provides Federal Income Tax Relief

The IRS has provided federal income tax relief for any person with a federal income tax payment due April 15th. Background:   The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals…
tax penalty relief
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Tax Penalty Relief for Sales, Use & Withholding Taxes

Tax Penalty Relief: Small businesses in Michigan scheduled to make their monthly sales, use and withholding tax payments on March 20 can postpone filing and payment requirements until April 20. All tax penalties are waived for 30 days, including…
Families First Coronavirus Response Act
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The Families First Coronoavirus Response Act

On March 18, 2020, shortly after it was passed in the Senate, President Trump signed H.R. 6201, the Families First Coronavirus Response Act (the “Act”) into law. The new law takes effect on April 2, 2020 and will remain effective until December…
reasonable salary for a corporate business owner
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Corporate business owner salary: what's reasonable?

What is a reasonable business owner salary? If you’re the owner of an incorporated business, you probably know that there’s a tax advantage to taking money out of a C corporation as compensation rather than as dividends. The reason is simple.…