Tips for dealing with shutdown

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As the COVID-19 pandemic shut down continues, mental health is deteriorating as what we thought would be a 2 week even drags on. During this ordeal, although you are not in the office or maybe no even working, did you ever think to yourself “I need a vacation.”  You are not alone the phrase is … Continued

Dealing with Credit Card Debt during Covid 19

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Over 110 million Americans have credit card debt with past due balances. As if Covid19 has not been stressful enough, the weight of this extra debt with either a loss in income or an uncertainty about future income can be overwhelming. While bankruptcy can help with that by potentially wiping it out, here are some … Continued

IRS Installment Plan Suspension if Requested

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For taxpayers under an existing Installment Agreement, payments due between April 1 and July 15, 2020 are suspended. If you can’t pay the terms of an Installment Payment Agreement, you may suspend payments during this period. The IRS will not default any Installment Agreements during this period. But, interest will continue to accrue on any … Continued

PAYCHECK PROTECTION PROGRAM OVERVIEW

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Who can apply: Businesses with fewer than 500 employees, including: non-profits, veterans organizations, tribal concerns, self-employed individuals, sole proprietorships and independent contractors. When to apply: Starting April 3, 2020, small businesses and sole proprietorships can apply. Starting April 10, 2020, independent contractors and self-employed individuals can apply. Available loan amount: Loans can be for up … Continued