Category: Coronavirus Updates

Chris Wittich, MBT, CPA provides this video update on PPP loans and stimulus options including recently passed executive orders, PPP loans and forgiveness applications and your next steps. ...

Fraud tends to flourish during periods of prosperity. The reason is simple: When companies experience fast-growing revenues and rising net profits, they may lack a strong incentive to divert resources to preventing and detecting fraud. Fraud schemes can go undetected for mon...

On August 8, 2020, President Trump issued an Executive Order and three Memorandums that provide and/or extend COVID-19 relief to individuals and businesses. One Memorandum provides for supplemental unemployment payments to certain eligible claimants up to $400 per week until...

Washington County is launching a $10 million program to provide grants to small businesses within the county to help them recover from the ongoing impacts of COVID-19. The fund will provide one-time grant awards of up to $15,000 are available to eligible applicants to assist...

We just got new guidance from the SBA that covers a bunch of the outstanding questions we’ve had about PPP Loan Forgiveness. Let’s go through a quick overview of the key points that seem most important to us. ...

Ramsey County is providing emergency assistance to small local businesses adversely impacted by the COVID-19 pandemic. ...

Hennepin County is announcing the availability of $10 million towards a new round of emergency funding for small businesses impacted by COVID-19....

Last week, the Federal Reserve announced that not-for-profit organizations now may apply for loans under the $600 billion Main Street Lending Program. Previously open only to for-profit businesses with more than 100 employees, the program offers low-interest loans with relat...

For our business owners who have business in Dakota county and have been impacted by COVID 19, we wanted to let you know of the Dakota County Loan Program available to you.  Up to $10,000 is available for eligible businesses.  You can apply from July 27 - August 14.  The ...

We know these are challenging times we're facing.  The federal government has created some programs to assist, Minnesota has provided programs, and now our cities are willing to help out.  If you have a business in Bloomington, there is a program they have kicked off - the...

This PPP Loan Forgiveness webinar was presented on June 25, 2020 by CPAs Chris Wittich and Stacy Shaw along with members of Boyum Barenscheer's COVID-19 Resource Team.  The webinar reviewed the changes and updates to the PPP Loan Program including two new loan forgiveness a...

On the first day of the June special session, the MN Legislature passed the Minnesota Small Business Relief Grants Program which was signed by Gov. Tim Walz shortly after. The program sets aside more than $60M in funding to give $10,000 grants to small businesses in Minneso...