April 24, 2020
Published by 
Nicole Vullo on April 24, 2020
Nicole Vullo on April 24, 2020Many small business owners have already applied for a Paycheck Protection Program (PPP) loan. The PPP was created as a way for businesses to be able to keep employees on payroll. Some borrowers have already received their funding. Although you may have already received your PPP loan, there are still some vital considerations to focus on. These will help borrowers maximize on the amount of loan forgiveness received. The actions borrowers take now will impact the amount of possible loan forgiveness and it is crucial to begin the planning process immediately. How Much of the Loan Is Forgiven? According to the SBA, loans can be forgiven if employees remain on payroll during the eight-week period after the loan is funded. The money can also be used to cover specific business-related expenses. Please note that the actual amount that is forgiven […]
April 23, 2020
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Dan Isard on April 23, 2020
Dan Isard on April 23, 2020It is tax time again. Check out this latest edition of Dan’s Digital Director to learn about tax planning issues, four decisions to make for your business return and things your accountant should know.
April 21, 2020
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Nina Renee on April 21, 2020
Nina Renee on April 21, 2020Despite having been told that all of the funds from the Economic Injury Disaster Loan (EIDL) funding has been depleted, one our clients was thrilled to find $7,000 had been deposited into his bank account this morning. The funds were received as part of the option to receive up to $10,000 when applying for the EIDL. The EIDL application was submitted on March 30th and no other communication had been received prior to today. – The message – If you’ve previously submitted for the EIDL, there’s still hope! We have heard that there is more stimulus money coming and we are optimistic that additional funding will be made available soon. Although the SBA is not currently accepting EIDL applications, all indications suggest that the program will open up again once additional stimulus funds are approved by congress. There is hope […]
April 20, 2020
Published by Dan Isard on April 20, 2020
Dan Isard on April 20, 2020In response to the Coronavirus (COVID-19) pandemic, small funeral home, cemetery and other business owners are eligible to apply for an Economic Injury Disaster Loan and Emergency Advance or Grant. Summary The SBA’s Economic Injury Disaster Loans offer up to $2 million to any business that qualifies. These loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. This is in addition to the Payroll Protection Loan. The interest rate is 3.75% (2.75% for non-profits). There are no prepayment penalties. The repayment terms may be up to 30 years. Terms are determined on a case-by-case basis. An Emergency advance of up to $10,000 may be granted. This Emergency Advance will not have to be repaid. However, any amount received will reduce the amount of forgiveness of any […]
April 17, 2020
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Foresight on April 17, 2020
Foresight on April 17, 2020Dan Isard, Doug Gober, and Chris Cruger bring long time industry expert to join their team “We are pleased to announce we have brought on an established industry leader, Gabriel Ngo, to our ever-growing and dynamic team. The addition of Gabe Ngo as our Director of Business Development allows us to continue to deliver the highest care to our clients,” Dan Isard, the founder and managing partner of The Foresight Companies, recently announced. “Gabe exudes credibility, confidence and integrity at the highest level. Gabe’s abilities and experience will provide an even higher level of service to our clients and the entire industry. We couldn’t be more excited to have Gabe on board,” Isard added. Chris Cruger, Chief Operating Officer and partner stated, “As we investigated ways of expanding and continuing the reach of The Foresight Companies, we discovered a person […]