1-800Accountant Blog

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5 Things to Do If Your Business Is Closed by Coronavirus

As the Coronavirus continues to affect employees, business owners make tough decisions. Some business owners have reduced the number of employees, while other business owners have furloughed their staff. Sometimes, depending on the industry, neither reducing nor furloughing employees result in business profits. Closing a business is the direst of scenarios that a business owner […]

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What’s in the New $484 Billion Coronavirus Bill?

Recently, the House of Representatives passed a $484 billion bill to mitigate economic losses from the COVID-19 pandemic. The funding will provide relief in the form of economic stimulus for hospitals and small businesses. It’s also expected that Congress will pass bills to stimulate the economy in the coming weeks and months. Further updates about […]

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CARES Act: What are the 2020 Recovery Rebates?

When Congress passed the CARES Act (Coronavirus Relief, Aid, and Economic Security), it signaled a landmark piece of legislation that provides over $2 trillion in aid in response to COVID-19. The CARES Act allows businesses and individuals to receive stimulus in the forms of tax incentives, credits, deductions, and recovery rebates.  What is a Recovery Rebate? Recovery […]

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CARES Act: How to Apply for an Emergency Economic Injury Grant

As the government continues to disperse the funding within the over $2 trillion bill, citizens and employees affected by the COVID-19 pandemic, nonprofits, small businesses, and their employees will reap the benefit. The CARES Act contains a section specifically designated for small business grants and loans. These grants and loans are designed to stimulate the economy […]

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Families First Coronavirus Response Act: What Does it Mean for Small Businesses?

The Families First Coronavirus Response Act is one of several acts passed in response to the COVID-19 crisis but the first bill to directly address the economic crisis and the challenges faced by individual taxpayers and businesses.  While the first legislative response focused on emergency preparation and measures in response to the coronavirus, the new […]