By: sistoadmin | December 1, 2020
When the Paycheck Protection Program (PPP) was rolled out earlier this year, it was clear that using the PPP funds for their intended purpose would result in the forgiveness of the debt. It was also made clear that the forgiveness would not result in taxable income, as would normally be the case. It was not … Continue reading IRS Clarifies Position on Deductibility of PPP Expenses…Ouch!
It’s natural for investors to seek a connection between who wins the White House and which way stocks will go. But a look at history underscores that the outcome of an election is only one of many inputs to the market.
2020 continues to be one of the most unpredictable years in memory, as markets rose to new all-time highs in the third quarter despite a resurgence in coronavirus cases, as stocks rallied thanks to a combination of even more accommodative Fed policy, hopes for a COVID-19 vaccine and a stronger-than-expected economic rebound, before markets declined … Continue reading A Historic Market Recovery
We hope that this letter finds you safe and healthy during these unprecedented times. Markets staged a historic rebound in the second quarter driven by an initial peak in the growth of coronavirus infections in April, economic reopenings across the United States and the rest of the world, hopes for a COVID-19 vaccine, and continued … Continue reading A Historic First Half of 2020
Paycheck Protection Program Flexibility Act of 2020, softening some of the harsh requirements business owners were required to meet in order to have their PPP loans forgiven.
How do you plan and ride out the inevitable ups and downs of the market?
Market volatility surged in the first quarter to levels last seen more than a decade ago during the financial crisis, as the COVID-19 pandemic swept the globe and prompted the partial shutdown of most major global economies, including the U.S., EU and most of Asia. But while the pandemic was the main cause of the … Continue reading After a Historically Volatile Quarter, Where Do Markets Go from Here?
On Friday, March 27th, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act, (CARES Act), a $2 trillion stimulus package to mitigate the impact of the Coronavirus pandemic. For small business owners (defined as less than 500 employees) the CARES Act created the Paycheck Protection Program (PPP), a $349 billion loan … Continue reading The CARES Act – a Comparison of the Paycheck Protection Program & the Economic Injury Disaster Loan
On Friday, March 27th, the President signed into law the Coronavirus Aid, Relief, and Economic Security Act, (CARES Act), a $2 trillion stimulus package to mitigate the impact of the Coronavirus pandemic. For individuals and families, the CARES Act includes stimulus payments of $1,200 for each individual and $500 for each dependent child (defined by … Continue reading Can you benefit from the CARES Act recently signed into law?
Signs of stabilization, and a re-acceleration of economic growth in United States and globally. Read on…