Now Available – COVID-19 Resource Page

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It’s a new week and we have new resources for you as well as some updates from last week.

NEW Resource – KuberneoCPA website: COVID-19

New information is being released and updated daily, sometimes hourly, regarding assistance programs and how to qualify for each. We have created a COVID-19 resource page on our KuberneoCPA website specifically to share this information with you. We’ll be sharing government links as well as advice and encouragement. It will also include FAQ’s and SAQ’s. Have you heard the saying, “You don’t know what you don’t know?” That’s why we have SAQ’s – Questions you should ask but don’t realize yet! Of course, if you have questions that are NOT answered on the site, someone else probably does as well. We’d love to hear them!

SUBMIT A QUESTION

Payroll Protection Program

If you missed our introduction to the Payroll Protection Program (PPP) last week, you can find it here.

Current highlights and updates:

  • All businesses with 500 or fewer employees can apply – including nonprofits, veterans organizations, sole proprietorships, self-employed individuals, and independent contractors.

WHEN can I apply?

  • If you pay employees via W2, applications are being accepted NOW.
  • If you are an independent contractor, sole proprietorship without employees or self-employed, the planned start date is Friday, April 10th for lenders to begin receiving applications.

WHEN is the deadline?

  • The deadline for applications is June 30, 2020. However, there is no guarantee funds will still be available at that time. We encourage you to apply as quickly as possible.

Can you help me apply?

  • YES! We can help, but we can’t apply for you. Per government regulations, KuberneoCPA cannot apply for a loan on your behalf nor can we prepare your loan application. However, we CAN perform research and prepare documents that you will need to apply for the loan to make the process easier for you. And, we can also perform analysis and prepare the documents you will need to submit later to request loan forgiveness. (If you are interested in this service, contact us by clicking HERE.)
  • If you currently have employees and want to apply for the PPP, contact your banker now and ask if they are accepting applications for the PPP loans. You can ONLY apply through an existing SBA lender.