Guidance for Businesses Navigating the Financial Crisis
As you may be aware, the Senate and House have both passed an extension to the deadline for businesses to apply for the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) loan program. The measure will now go to the President for his signature. Still, much uncertainty remains, including the promise of another federal aid […]
Take care of your staff’s mental health during COVID-19
Working remotely can be challenging at any time, but now employees have to deal with additional responsibilities during extended isolation. “Firm leadership needs to communicate firmwide, regularly, the importance of prioritizing mental health,” said Carla McCall, CPA, CGMA, managing partner of AAFCPAs.
Deadline to Apply for PPP Loan is June 30, 2020
AAFCPAs would like to make clients aware that the deadline to apply for a Paycheck Protection Program (PPP) loan is June 30, 2020. As of June 10, 2020, there was still approximately $130.7 billion in funds available. AAFCPAs encourages clients who did not receive a PPP loan yet to re-consider applying in light of recent […]
Q&A With Carla McCall on AICPA Board Outlook
SumNews, May 2020 – The Nominations Committee of the AICPA has proposed Carla McCall for election as a member of the Board of Directors. Carla was interviewed recently by SumNews, the MSCPA’s bi-monthly magazine.
SBA Disaster Loan Funds Exhausted
UPDATED: On April 21st a new round of funding became available for the PPP loan program. The EIDL program is also still accepting applications. The deadline to apply for the PPP remains June 30th. As you may now be aware, the US Small Business Administration (SBA) announced today, April 16th, that Paycheck Protection Program (PPP) […]
Understanding Unemployment and the CARES Act
Employers who are faced with workplace shutdowns due to the impact of COVID-19 will need to assess the best approach for their business situations: a temporary layoff or a formal end of employment. Prior to layoff, employers must ensure that messaging to employees and wage payments reflect the difference. The definition and terminology vary from […]
What Businesses Need to Know about Families First Coronavirus Response Act and Unemployment under CARES
AAFCPAs has received many e-mails and phone calls in response to the CARES Act, and other legislative developments related to the coronavirus crisis. This pandemic is impacting our lives and businesses in a way that none of us have experienced before. Business leaders are forced to make difficult decisions related to employees. AAFCPAs has provided […]
Guidance on SBA Disaster Loans, AAFCPAs’ CARES Act Task Force Mobilized to Assist
UPDATE 4/16/20: Initial Round of SBA Disaster Loan Funds Exhausted; Now what? AAFCPAs would like to make clients aware that the Coronavirus Aid, Relief and Economic Stimulus (CARES) Act legislation, signed by President Trump on Friday, March 27th, 2020, creates two Small Business Administration (SBA) loan programs available to businesses to prevent devastation caused by […]
Massachusetts COVID-19 Unemployment Information
Stay informed on the latest related to Department of Unemployment Assistance (DUA) and COVID-19. You will be redirected to Mass.gov