LB&J Business Update – Updated March 31st, 2020

CARES Act is now official and the application process is available! Learn more about the differences between the different loans and potential free money opportunities available to small businesses by clicking here

LB&J Business Update – Updated March 23th, 2020

Apply now for the SBA Disaster Assistance Loan program for your small business.  The SBA is now taking applications for up to $2 million loans at 3.75% interest or completely forgiving the loan if you keep on a certain number of employees until 6/30 and meet a number of other criteria. Click here to learn more.

LB&J Certified Public Accountants is ready to help!  Our focus is on small businesses and strategy.  We assist small businesses in getting the funds needed to keep their business afloat through the SBA Disaster Assistance Program. Our CPAs have over 50 years of experience and are ready to help you and your business. Apply now.

LB&J Business Update – Updated March 17th, 2020

For more information regarding the SBA business loans for businesses impacted by the Coronavirus, click here. Also note the below AICPA update below, indicating that the tax deadline is likely to be extended by 90 days due to the impact of the coronavirus, (for more details click here). We will keep you updated once we know more about both the SBA business loans or confirmation regarding the tax deadline extension.

AICPA Update – March 15, 2020 — Volume 27 No. 13

Yesterday, we told you about our efforts and conversations with the Treasury Department and the IRS to secure filing and payment relief for taxpayers and tax preparers in light of the uncertainty and challenges caused by the spread of the Coronavirus (COVID-19) pandemic.

Based upon our conversations, we anticipate that Treasury and the IRS will announce this week an extension of the April 15th deadline by as much as 90 days, and a waiver of penalties and interest for most taxpayers.

Additionally, Treasury and the IRS are aware of the major deadline for businesses tomorrow, March 16th, and the challenges facing taxpayers and tax preparers in meeting that deadline.  They have indicated that they would be generous in determining reasonable cause abatement of any penalties for taxpayers and tax preparers unable to file in a timely manner.

We will continue to keep you updated as we receive more information.

You can also visit our AICPA Coronavirus Resource Center for frequent updates and resources to help you manage clients’ needs and your business at this time.

LB&J Business Update – Updated March 16th, 2020

Dear Clients, Visitors, Family & Friends

Though we are taking extreme precautions to mitigate any risks of the pandemic caused by COVID-19 for our clients and staff, we have still received many questions and wished to proactively address how we are responding.  As of this writing:

  • We are still open for business at our physical office location.
  • We have implemented the CDC guidelines of ‘social distancing’ and zero-touch in-person meetings.
  • Business personnel have been busy with extra cleanings of the office and other high-touch areas.
  • We will immediately implement any new CDC guidelines as this pandemic unfolds.

There are simple things the CDC recommends you do to help keep yourself and others healthy while visiting our location:

  • Wash your hands often with soap and water for at least 20 seconds, especially after blowing your nose, coughing, or sneezing; going to the bathroom; and before eating or preparing food.
  • Avoid touching your eyes, nose, and mouth with unwashed hands.
  • Stay home when you are sick.
  • Cover your cough or sneeze with a tissue, then throw the tissue in the trash.

We will continue to monitor the evolving COVID-19 situation and make every attempt to keep you informed. Emergency notifications to staff and clients will be conducted through our emergency communication channels including text notifications, telephone calls, and communicated directly to customers.

For updated information on this rapidly changing situation, please visit the CDC website here: http://bit.ly/39TQIyg