Instructions to completing the EIDL Application

We’ve received numerous calls and emails about completing the EIDL Application with the SBA. Now that I’ve spent some time looking at the forms and limited instructions, I see why. Here are line by line instructions (based on my understanding of how they should be...

Practice Owner “To-Do List” Following the Passing of the CARES Act

Now that the CARES Act has been passed into law, now is the time to finalize your planning for this period of time that your office is temporarily closed and also for when the office reopens later this year. • Submit the paperwork with the SBA to receive the $10k EIDL...

Opportunities for Small Employers

The CARES Act focuses on helping small employers with less than 500 employees keep their doors open and retain their staff. Let’s first take a look at the forgivable loan being offered. Known as SBA 7(a) loans, the rules move the processing of these loans from the...

Penalty-Free Retirement Plan Distributions

Let me start by saying that retirement accounts for working people should be used only as a last resort. That being said, the CARES act includes a provision allowing you to withdraw up to $100k from your IRA or work Retirement Plan penalty-free if you are affected by...