The U.S. Treasury Department released information on the assistance available for small businesses through the recently enacted CARES Act. Small businesses and sole proprietorships affected by the COVID-19 pandemic can apply for loans under the Paycheck Protection Program starting April 3. Independent contractors and self-employed individuals can apply [...]

To help people facing the challenges of COVID-19 issues, the Internal Revenue Service has announced a sweeping series of steps to assist taxpayers by providing relief on a variety of issues ranging from easing payment guidelines to postponing compliance actions.  These new changes include issues ranging from postponing [...]

Please note: This blog post supersedes previous blog posts on this topic and the email sent to our clients on 3.20.20 announcing the changes to the filing deadline.  Additional details and changes have since been issued, particularly for Minnesota, those updates are reflected in this post.  We apologize [...]

Governor Walz has issued Executive Order 20-20, directing Minnesotans to limit movements outside of their homes beyond essential needs from March 27 at 11:59 p.m. to April 10 at 5:00 p.m. We understand that you may have questions about how this will impact your business. The resources below [...]

Following Executive Order 20-15, the Department of Employment and Economic Development (DEED) has established a loan program to assist small businesses affected by Executive Orders 20-04 and 20-08 following the COVID-19 pandemic. Small businesses are a vital part of Minnesota’s economy and this program will provide a source of working capital [...]

Online applications for these loans are now open to Minnesota businesses at: https://disasterloan.sba.gov/ela/ See our previous blog post SBA Coronavirus Disaster Loans - Get Ready to Apply for forms and documents you'll need to complete your application Here are a few more details about the SBA loans: This [...]