All of us at WHH, along with our clients, friends, and families are figuring out how to navigate our way through the COVID-19 pandemic together. It’s important that our clients have access to reliable, accurate information. We’ve compiled a list of resources, sharing the latest local and statewide financial information. We anticipate further developments and will be updating this page regularly. Please feel free to contact us with any questions you may have about your individual situations.
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PPP, EIDL, and CARES Resources:
Paycheck Protection Program Gets One-Month Reprieve
Date: July 3, 2020
Summary: The Paycheck Protection Program was slated to end on June 30, but a last-minute bill in Congress extended it until Aug. 8. Click through to find out what this means, and if any other changes are on the horizon.
SBA FAQ for Lenders and Borrowers
Date: May 27, 2020
Summary: The Small Business Administration provides details on the PPP. Regularly, they update it with answers to questions regarding application of the loans, forgiveness, and specific situations. View this page to download the PDF publication. The most recent additions appear at the bottom.
SBA Paycheck Protection Program Loan Level Data
Updated daily
Summary: The U.S. Treasury Department has shared a list of businesses that have been awarded PPP funding.
SBA, Treasury Release Names of Some PPP Recipients
Date: July 6, 2020
Summary: This Journal of Accountancy article highlights some of the details of the data shared by the SBA & Treasury recently published, including the list of the businesses awarded $150,000+ in PPP funding.
Additional Funding for the Paycheck Protection Program
Updated daily
Summary: Additional funding of $310 billion dollars has been approved for the Paycheck Protection Program. Find out more information regarding applications by visiting the SBA’s website.
Economic Impact Payments
Updated daily
Summary: Filers that qualify for a stimulus check can take advantage of the IRS tool to see when they should receive their payment. Qualifying non-filers can also enter their financial information on the IRS website to apply to receive a stimulus check.
Off the Cuff- a Pandemic Video Series
Date: May 13, 2020
Summary: Our new video series, Off the Cuff, explores a variety of topics to help businesses during the COVID-19 pandemic. In our first video, we explore the Paycheck Protection Program (PPP), Economic Injury Disaster Loan (EIDL), and the status of reopening the economy and operating businesses.
Off the Cuff- PPP Tips
Date: May 29, 2020
Summary: The second episode of our new video series, Off the Cuff, covers a few tips for PPP loan borrowers that have received their funds or are in the process of applying for funds. Check back regularly for more videos.
Off the Cuff- PPP Eight-Week Period and Forgiveness
Date: May 30, 2020
Summary: The Treasury Department has come out with a loan application for forgiveness, changes to the eight-week period, and guidance on how to apply. This episode of Off the Cuff explores the newly released loan forgiveness provisions related to the Paycheck Protection Program.
PPP Loans: We Answer Your Questions
Date: May 15, 2020
Summary: The Paycheck Protection Program, part of the CARES Act, is in full swing, but there are still a lot of questions about this powerful, but confusing, program. Click through for the latest info to see if and how your business can benefit.
PPP: IRS and SBA Issue New Guidance
Date: May 4, 2020
Summary: The IRS and SBA continue to release additional guidance on the PPP that is applicable to those applying for loans and those who already have them. Click through for key clarifications in this important but complicated program.
Why Didn’t I Get My PPP Loan?
Date: May 5, 2020
Summary: The PPP comes from the government, and that means lots of rules. If you were unsuccessful in getting a loan, it may be difficult to figure out which qualification you missed. Click through to help track down the problem.
The SBA EIDL and PPP Loans and Their Tax Implications
Date: April 3, 2020
Summary: The Small Business Administration has refreshed an old loan program and launched a new one for pandemic-affected businesses—but there are a lot of complexities. Click through for the inside story.
The CARES Act: The Basics of EIDL and PPP Loans
Date: April 1, 2020
Summary: There are many kinds of financial relief coming out of Washington, and one especially useful provision for businesses is the SBA loan program. Click through to learn how the program can help you and what conditions you have to meet.
The CARES Act: Retirement Provisions
Date: March 30, 2020
Summary: Recent government aid in the face of the pandemic extends beyond tax breaks. Congress also included provisions for various aspects of retirement plans. Click through to learn how these provisions can help you.
CARES Act Adds Flexibility to Net Operating Losses
Date: March 20, 2020
Summary: The Internal Revenue Service has issued guidance providing tax relief under the CARES Act for taxpayers with net operating losses. Click through to take advantage of a six-month extension to file on carrybacks.
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Accounting Coronavirus Updates:
CalCPA’s Federal and State Agency Updates Regarding Coronavirus
Updated daily
Summary: CalCPA’s webpage is a great resource for the latest information regarding COVID-19’s impact on the financial world. Visit their website for all of the latest federal and state agency updates.
7 Tips for Working Remotely During the COVID-19 Pandemic
Date: March 31, 2020
Summary: Most workers are being asked to move to a remote working environment as a safety precaution during the pandemic. We’ve compiled a list of tips to help make the transition a bit easier and set you up for successful remote working.
Managing Your Mindset and Managing Others During Taxing Times
Date: March 30, 2020
Summary: These times have challenged all of us in our work habits and management routines. This blog, from consultant Sue Zisko, MBA, was recently shared with the entire WHH firm, offering easy exercises and tips for managing stress and working remotely with others.
Wage and Hour Rules During the Pandemic
Date: April 30, 2020
Summary: Pandemics often cause major economic disruptions, leading many businesses to fully or partially close. Regardless of the upheaval, employers must abide by wage-and-hour laws. Click through for wage-and-hour rules to consider during pandemics.
Remote Work: FLSA Wage and Hour Implications
Date: March 27, 2020
Summary: Despite offering great flexibility to employees, remote work poses a number of wage-and-hour challenges for employers. Click through for federal wage-and-hour rules pertaining to remote workers to make sure you stay in compliance.
What Is Your Business Continuity Plan?
Date: March 25, 2020
Summary: Although it’s late in the game, you can still react to and prepare for COVID-19. Click through for ideas on how to review and update your business continuity plans to ensure operational resiliency.
WHH Navigating COVID-19
Date: March 23, 2020
Summary: Wiebe Hinton Hambalek is committed to supporting our clients during this difficult time and are taking preventative measures to help ensure everyone’s safety. Visit our home page to see our announcement detailing how we’ve adapted our client services, current access to our firm, as well as the most recent updates on tax filing this season.
How to Handle COVID-19 Related Layoffs
Date: March 23, 2020
Summary: It’s a double hit: The new coronavirus has led to the enforced shuttering of many businesses, and the resulting market plummet has led to major retrenchment elsewhere. Click through for some help in managing layoffs at your company in these extraordinary times.
Coronavirus and Business Interruption Insurance
Date: March 20, 2020
Summary: The coronavirus pandemic has upended businesses across the board. Many of those businesses hope their business interruption insurance will help mitigate their financial losses. Click here to delve into the complex world of business insurance.
Pandemic Planning: Supply Chain and Cash Flow
Date: March 23, 2020
Summary: It may be years before we realize the extent of the business changes wrought by COVID-19 and the associated market crises. But it’s not too early to figure out how to manage them. Click through for key crisis-management strategies.
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Healthcare Coronavirus Resources:
CDC Resource Center
Updated daily
Summary: The Center for Disease Control’s website is the best resource center for accurate health information regarding COVID-19. Visit their website for the latest statistics, what to do if you’re feeling ill, and best practices for preventing the spread of Coronavirus.
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Fresno County Coronavirus Resources:
Fresno County HUB Grant
Date: May 18, 2020
Summary: The Fresno County Helping Underserved Business (HUB) Grant is a great opportunity for local qualifying businesses in need of financial assistance during these difficult times. Make sure to submit your applications before June 1st.
Fresno County Shelter in Place Lifted May 26th
Date: May 21, 2020
Summary: Fresno County is making progress to reopen select businesses and lift the shelter in place order effective May 26th. This article covers guidelines of how these businesses will be expected to operate in the newest phase of reopening.
City of Fresno Extends Length and Scope of Emergency Orders
Date: April 14, 2020
Summary: On April 10, 2020, the City of Fresno issued a new emergency order (“Emergency Order 2020-13”), in addition to extending previously issued emergency orders through May 6, 2020.
How the Executive Order on COVID-19 Protects Businesses
Date: March 17, 2020
Summary: Governor Newsom’s executive order provides some reassurances and protection for businesses impacted by the COVID-19 pandemic. Visit the blog from the local law firm WTJ to see how businesses are being protected and what measures can help them recoup from closures due to Coronavirus.
