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COVID Archives - Orcutt & Company CPA

Preparing Your Business for the Effects of the Coronavirus – Emergency Business Planning

Preparing Your Business for the Effects of the Coronavirus – Emergency Business Planning

By Business Advice

With the rapid onslaught of the coronavirus already disrupting business operations in the U.S., there are three ways you can face the future: panic, do nothing, or plan. As we work with business owners through these tough times, we know the best way to do this is to plan, making the situation under your control as much as possible. By now you have probably read all the communication from your local, state and federal governments on how to prepare for…

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The CARES Act Opens Floodgates to Free Money for Businesses

The CARES Act Opens Floodgates to Free Money for Businesses

By Business Advice

The CARES Act has opened the floodgates to free money for busineses  Below are the basic details of loans available to businesses.  They are incredible unless regulations apply limits: This new law lets any business borrow 2.5 months of payroll, benefits, interest on loans and lease payments. The loan is made through a bank that is an SBA approved lender and is guaranteed by the SBA. Loan Is nonrecourse to the borrower. The loan is forgiven if you don’t cut…

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