Because of the economic downturn triggered by the COVID-19 crisis, many people have found themselves in need of cash to pay unexpected medical bills, mortgage payments and other expenses. One option is to borrow against the cash value of a permanent life insurance policy, but such loans aren’t risk-free. RECOGNIZING POTENTIAL PITFALLS Before you borrow [...]
The pandemic has forced businesses to find new ways to connect with customers. QuickBooks has built-in tools that can help. Businesses are starting to cautiously re-open in the U.S. (at least partially), but we’re still a long way from “normal.” Because of COVID-19, some companies have done very well. Most, though, have had to make [...]
Because of this year’s unforeseen economic slowdown, many businesses and individual are unexpectedly looking for liquidity. One way to raise cash is to sell off real property such as land or a building. Finding a buyer may not be easy, but an installment sale might help. An installment sale occurs when you transfer property in [...]
The sudden and severe impact of the novel coronavirus (COVID-19) pandemic has created much financial stress, but the crisis has also generated an intense need for charitable action. If you’re able to continue donating during this difficult period, the Coronavirus Aid, Relief, and Economic Security (CARES) Act may make it a little easier for you [...]
For many businesses, retaining employees has been difficult, if not impossible. If your company has been able to keep all or some of its workers, you may still be able to qualify for the payroll tax credit created under the Coronavirus Aid, Relief and Economic Security (CARES) Act, known as the Employee Retention Credit. ASSESSING [...]
The novel coronavirus (COVID-19) crisis has spurred much confusion and unprecedented economic challenges. It has also created ample opportunities for dishonest individuals and criminal organizations to pretty on the anxieties of many Americans. As the year rolls along, fraud schemes related to the crisis will continue as well, potentially becoming even more sophisticated. Here are [...]
