COVID-19 Response Guide
As CPAs, we’ve felt the burden to interpret the many and ever-changing policies for our clients and friends–experts in other industries critical to the economy. With this site, we at Desroches Partners have attempted to curate the most timely and relevant information, and provide actionable options for keeping businesses healthy.
– The Partners
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Additional guidance released pursuant to the Protection Program Flexibility Act
Payroll Protection Program funds are still available
Governor’s Abbott has released a plan to safely and strategically restart and revitalize all aspects of the Lone Star State—work, school, entertainment, and culture. Read more at the Open Texas website.
As one can expect, this is going to be a busy year for insurance carriers. One of the factors is the sheer number of their ensured businesses trying to figure out what exactly their policies entail. All the major medical carriers are providing material–on a daily basis–with regards to COVID-19
Due to widespread hardship from coronavirus, funding has been allocated for disaster loans for small businesses. SBA partner organizations have come on board to help manage the application process.
The bill is aimed at mitigating the financial havoc from coronavirus, which includes the shuttering of business across industries, and massive layoffs nationwide. The measure is a combination of direct payments to individuals, bailouts for businesses, and expansions to unemployment insurance.
PPP Loan Forgiveness Checklist
Drop in for a socially-distanced discussion with business owners and experts. Sign up to be notified of upcoming sessions.
New PPP Loan Forgiveness Applications and Additional Guidance Released Pursuant to the Protection Program Flexibility Act
Reminder – Payroll Protection Program Funds Are Still Available! If the current economic uncertainty is affecting your business, there is good news, funds are still
Payroll Protection Program Funds Are Still Available! If the current economic uncertainty is affecting your business, there is good news, funds are still available under
What This Means for Borrowers The coverage period is extended! Borrowers now have 24 weeks from the origination date (or until December 31, 2020, whichever
View the Paycheck Protection Program FAQs at treasury.gov: Paycheck Protection Loans FAQs
How to Claim the Employee Retention Credit FAQs: Read the FAQs at IRS.gov
With schools closed across the country, the absence of personal computers in homes can pose a substantial obstacle for students trying to do their schoolwork